Romanians Spent EUR3B On Smartphones In Past Decade
05.23.2017
The local smartphone market still has significant growth potential as the penetration rate is only 50% at the moment.
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Software Developer Zitec To Open Office in Brasov 05.22.2017
Online app developer Zitec, with sales of EUR4 million in 2016, starts expanding in Romania with a first office outside Bucharest in Brasov,... more
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Axxess Capital Wants To Put BitDefender Stake Up For Sale 05.18.2017
Private equity fund Axxess Capital is preparing to put up for sale a stake in Romanian cyber security solutions provider BitDefender, which is now... more
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Hun Lee Takes Over As President Of Samsung Electronics Romania 05.17.2017
Hun Lee is the new president of Samsung Electronics Romania and will be tasked with managing operations on the Romanian and Bulgarian markets. more
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Vodafone Romania Reports 2.7% Higher Service Revenue, Of EUR707M, In 2016-2017 Fiscal Year 05.16.2017
Vodafone Romania, the second largest player on the local mobile telephony market, on Tuesday said it registered service revenue of EUR707.2 million... more
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Electromagnetica Posts Loss Of Over RON6M In 1Q/2017 05.15.2017
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) registered a loss of RON6.81 million in January-March 2017,... more
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Cegeka 2016 Revenue In Romania Up 40% To RON85M 05.15.2017
Belgian-held software solutions and IT infrastructure provider Cegeka ended last year with more than 85 million lei (EUR19 million) revenue in... more
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Telekom Romania Group 1Q Revenue Down 2% To EUR230M, Operating Profit Down 5% To EUR37M 05.11.2017
The revenue of Telekom group, formed of former companies Cosmote and Romtelecom, fell 1.7% to EUR230 million in January-March 2017, and its... more
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Banks Pushed Oversubscription Of Digi Shares Through Loans 05.11.2017
The biggest sale of shares of a private company in the history of the Bucharest Stock Exchange ended on Wednesday at 5 p.m. Subscription of Digi... more
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Softelligence Plans To Set Up Several Local Divisions 05.09.2017
Romanian business software solutions provider Softelligence has opened a new office in Craiova, called Softelligence Engineering, where it will... more
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UPC Romania Revenue Grows 6% in 1Q 05.08.2017
Cable TV and telecom operator UPC Romania, member of Liberty Global, on Monday reported revenue of RON168.6 million for the first quarter, nearly... more
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ETA2U Revenue Up 7.6% To RON165M In 2016
05.03.2017
Timisoara-based ETA2U, the largest IT integrator outside Bucharest, ended last year with 165 million lei (EUR36.7 million) revenue, up 7.6% on the... more
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RCS&RDS IPO Attracts A Lot Of Interest From Investors 05.01.2017
The initial public offering of telecom, Internet and cable TV operator RCS & RDS has been fully subscribed on the institutional investor segment... more
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S&P Upgrades DIGI Communications N.V, RCS&RDS To BB-; Outlook Stable 04.27.2017
Standard&Poor’s rating agency has upgraded the ratings of DIGI Communications N.V., parent company of local telecom group RCS&RDS, to BB-, with... more
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Gavril, Axis: Plants, Warehouses And Office Buildings Took Security Camera Market To Over EUR15M 04.25.2017
The market of security cameras stood at more than EUR15 million in Romania in 2016, driven by higher demand from industrial and real estate... more
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Network One Distribution 2016 Turnover Up 7% To RON994M 04.24.2017
Network One Distribution (NOD), the biggest player on the Romanian IT&C distribution market, controlled by entrepreneur Iulian Stanciu, registered... more
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TP-Link Sales Up More Than 20% To RON40M In 2016 04.24.2017
TP Link, one of the world’s largest providers of networking equipment, saw its revenue rise by about 22% to almost 40 million lei (EUR9 million)... more
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Stefanini: We’ll Reach 1,800 Employees In Romania This Year 04.19.2017
Brazilian-held IT services provider Stefanini IT Solutions plans to increase the number of employees in Romania by 200 to 300 people this year, for... more
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RCS&RDS Group Revenue Up 12.4% To EUR843M In 2016, Operating Profit Up 11% To EUR263M 04.11.2017
Revenue of telecom group RCS&RDS, controled by entrepreneur Zoltan Teszari, rose 12.4% in 2016, to EUR842.8 million, while its operating profit... more
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Digi Communications Mulls Listing On Bucharest Stock Market 04.11.2017
Digi Communications, provider of telecommunications services in Romania and Hungary, on Tuesday said it plans to launch an initial public offering... more
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Fitbit To Expand Romanian R&D Center To 200 Employees 04.10.2017
US-held Fitbit, the leader of the global wearables market, has decided to boost the number of employees at its research and development center in... more
The year 2016 saw top management changes at Dacia and Ford Romania along with new investment. This spring Daimler inaugurated its new
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The transport and logistics market fully benefited from the economic growth so companies in the industry announced new investments.
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The capping of the auto liability insurance (RCA) rates shattered insurers’ optimism about the market and turned 2016 into a
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The energy sector has been a thrill to watch in 2016, peppered with complex investigations, insolvencies and exit therefrom, major
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The insolvency of Polisano Sibiu, one of the largest pharmaceutical wholesalers, the expansion of Catena beyond 600 pharmacies and the
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The year 2016 was a year of legislative changes for the agribusiness sector, starting from the VAT cut on raw material to 9% and
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This year brought more changes than the last few years taken together. A half a billion euro deal, a change of CEO and the
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Ziarul Financiar continues its year-in-review series with the private healthcare market.
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Ziarul Financiar’s year-in-review series continues in the tourism industry, which saw two travel agencies go insolvent, the low-cost
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Ziarul Financiar begins the 2016 year-in-review series of the ten most important events on key markets in Romania’s economy with the
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Banks Get EUR600M on Lower Reserve Ratios But Loan Interests Could Rise
Banks have around EUR600 million following the central bank's cutting of required ratios on foreign currency liabilities by two percentage points, but interests on loans could rise following international trends, despite higher market liquidity.
