Digi's RCS&RDS Borrows EUR150M from Bank Syndicate
12.16.2020
RCS&RDS, part of Digi Communications, has signed a senior facility agreement for two loans amounting to EUR150 million with a banking syndicate consisting of Citigroup Europe- Dublin Romanian Branch, ING Bank-Bucharest Branch and Unicredit Bank, to refinance previous loans and for investments.
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Vodafone Romania Appoints Achilleas Kanaris as New CEO 05.07.2021
CEO Vodafone Albania, has been appointed Vodafone Romania’s CEO, effective July 1, 2021, and will report to Serpil Timuray, CEO Europe Cluster,... more
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Altex Invests EUR1M in Remodeling Two Stores in Bucharest and Brasov 05.05.2021
Altex, Romania's leading electronics retailer, said Wednesday it has invested over EUR1 million in remodeling and upgrading two stores, in line... more
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Simple Capital Buys 10% of DIP Software 04.26.2021
Investment vehicle Simple Capital is investing in fintech solutions startup DIP Software by acquiring 10% of the startup's shares, seeking to... more
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2Performant Eyes 26% Higher Turnover, Of Over RON25M, End-2021; Preps Share Capital Increase 04.26.2021
Romanian technology company 2Performant Network (2P.RO), listed on the AeRO market of the Bucharest Stock Exchange, under the ticker symbol 2P,... more
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Visual Fan Raises RON15.5M From Investors In Oversubscribed Offer Closed Early 04.26.2021
Brasov-based Visual Fan, which produces electronic devices under the brand Allview, has raised RON15.5 million from investors through an offer... more
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UiPath CEO and Co-Founder Daniel Dines Becomes Richest Romanian 04.22.2021
Daniel Dines, 49, CEO, co-founder and shareholder of UiPath, is the richest man in Romania, ranking at number 464 on the Forbes list with an... more
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Orange Romania Turnover Grows 2.5% in 1Q, to EUR264M 04.22.2021
Telecom operator Orange Romania on Thursday reported a turnover of EUR264 million for the first quarter of 2021, 2.5% higher compared with the same... more
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PayU: Romanian Online Fashion Market to Top $1B by Year-End 04.22.2021
The online fashion market in Romania will exceed the $1 billion threshold by the end of 2021, according to a report by PayU, the fintech and... more
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Altex Opens EUR3M Store in Husi, Eastern Romania 04.21.2021
Romania's leading electronics retailer Altex continues expansion and opens a new store in Husi, Vaslui county, eastern Romania, on Thursday,... more
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UiPath IPO Raises $1.34B, Company Valued at Nearly $30B 04.21.2021
UiPath, the most valuable company to emerge from the Romanian IT industry, has raised over $1.3 billion in an initial public offering ahead of its... more
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Around 95% of Outsourcing Companies Plan Hybrid Working Model after Pandemic 04.21.2021
Around 95% of the companies in the outsourcing industry in Romania will implement a hybrid working system after the pandemic and 55% of industry... more
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Tech Mahindra Extends Office Space in Vox Technology Park Timisoara 04.21.2021
IT giant Tech Mahindra, present in Romania since 2019, has extended its office space in Vox Technology Park Timisoara by an additional 1,500 square... more
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FintechOS Raises $60M in Series B Financing Round to Fuel Global Expansion 04.20.2021
FintechOS, global technology provider for banks, insurers and other financial services companies, announced Tuesday it has raised $60 million... more
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IT&C Product Distributor ASBIS Romania Revenue Up 29% to EUR45M in 2020 04.20.2021
ASBIS Romania, the local subsidiary of Cyprus-based IT product distributor ASBIS, ended 2020 with EUR45.85 million revenue, an increase of 29% on... more
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Vivre Deco Raises EUR7M in Corporate Bond Sale 04.19.2021
Online furniture and home decor retailer Vivre Deco has raised EUR7 million selling corporate bonds via private placement brokered by TradeVille. more
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Ascendis Buys into .lumen, a Start-Up Developing Glasses for the Blind 04.15.2021
Ascendis, the leader of the local training and organizational development consultancy market, said Thursday it has invested in .lumen, a local... more
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Amazon Development Center Revenue Rises 40% to RON443M in 2020 04.15.2021
Amazon Development Center, part of US-held Amazon, the largest online retailer in the world, with offices in Bucharest, Iasi and Timisoara, ended... more
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Forte Partners Unveils Digital Solution For Office Building Resources Management 04.14.2021
Forte Partners, one of Romania’s most active real estate developers, held by Jabra and Geo Margescu brothers, is launching on the market a... more
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Online Retailer Vexio Aims for 25% Growth in Sales to EUR25M in 2021 04.13.2021
Romanian-held Vexio, an online retailer of consumer goods, computer and electronics products, home and garden products and school supplies, expects... more
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UiPath Targets Nearly $26B Valuation In U.S. IPO 04.12.2021
Robotic process automation startup UiPath, the most valuable tech start-up launched in Romania, targets a valuation of nearly $26 billion in its... more
Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809
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Alpha Real Estate Services (ARES), the real estate arm of Greek Alpha Bank Group, has sold three iconic hotels in the heart of
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Portugal’s EDP Renewables (EDPR), the third most important investor in green power in Romania, says new projects will only come if
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Romanian carmaker Dacia, owned by France's Renault, registered a record number of orders over the weekend for its first all-electric
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Portland Trust, one of the most powerful real estate developers in Romania, says it plans to have a more than 500 MW solar park
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Foreign investors operating on the Romanian financial market injected over RON200 million (around EUR42.3 million) as capital into
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The Cluj county council has issued an urban planning certificate in view of area planning and feasibility studies for the city's future
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The assets managed by private pension funds (Pillar II and Pillar III) reached RON78.07 billion at the end of 2020, 21% higher compared
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Real estate developers delivered some 142,400 square meters of new modern retail spaces in 2020, little over half of the estimates
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KPMG: Nearly Half of Global CEOs Don’t Expect a Return to Normal Until 2022
Almost half (45%) of global executives do not expect to see a return to a normal course of business until sometime in 2022, as opposed to nearly one-third (31%), the 2021 KPMG CEO Outlook Pulse survey has found.
