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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Ericsson’s Romanian Division Reports Net Profit Of Nearly RON22M For 2021, Up 45% YoY yesterday, 13:20
The Romanian subsidiary of Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators,... more
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Latvia’s ELKO Reports Record Turnover Of $105M In Romania In 2021 06.24.2022
ELKO Romania, a company member of Latvia’s ELKO Group, one of the largest regional wholesalers of IT and consumer electronics products, had a... more
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AROBS Transilvania Sets Off Share Buyback Program Worth RON32.8M Tops 06.23.2022
The management of technology company AROBS Transilvania Software (AROBS.RO) on Thursday (June 23) informed the market about the start of the... more
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Poland’s Asseco Acquires Romanian Company Bithat Solutions 06.23.2022
ASEE, the largest IT company in Southeast Europe (SEE), part of ASEE Group (Asseco Group) is acquiring Romanian company Bithat Solutions, which... more
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Vodafone Kicks Off Business Repositioning Plan 06.23.2022
Vodafone, a major player on Romania’s fixed and mobile communications market, has started a business model redesign program, which envisages the... more
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Apcom Distribution, Sole Apple Authorized Distributor in Romania, Sees Turnover Boom in 2021 06.23.2022
One of the oldest companies present on Romania’s IT market, Apcom IT Distribution, previously operating under the name of IRIS, which stands out... more
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Marius Maican To Coordinate Technology Department Of Orange Romania As Of July 2022 06.22.2022
Marius Maican has been appointed Chief Technology Officer (CTO) of Orange Romania, leader of the local telecom market, starting July 1, 2022. more
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SeedBlink Partners Up With TDCX 06.22.2022
Technology startup investment platform SeedBlink on Wednesday announced a collaboration with TDCX, a leading provider of business process... more
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Dai-Tech Seeks To Expand Sales Into North Africa And Middle East 06.21.2022
Dai-Tech SA, which owns Romanian brand nJoy of IT&C equipment and solutions for the protection of electrical and electronic equipment, launched in... more
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SeedBlink Launches Second Funding Round In Bulgaria For Agritech Startup Agriniser 06.21.2022
SeedBlink, the European investment platform specialising in funding and scaling technology startups, is launching a new funding round for... more
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Digi Communications Gets 5G Spectrum Frequency User Rights in Belgium 06.21.2022
Telecommunications operator Digi Communications (DIGI.RO) announced that Citymesh Mobile, a joint venture where the Romanian subsidiary of Digi and... more
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Profluo Gets First Client from Abroad; Set to Launch Platform Internationally 06.21.2022
Startup Profluo, which builds machine learning technology for the automatic processing of accounting documents, has attracted its first client from... more
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Senior Software Invests EUR300,000 to Expand in Timisoara 06.20.2022
Senior Software, a local provider, developer and integrator of software solutions for business management, has earmarked EUR300,000 to develop its... more
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SeedBlink Opens In Greece Its Second Unit Outside Romania 06.16.2022
Technology startup investment platform SeedBlink has opened an office in Athens, Greece, being its second branch outside Romania. more
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Meetgeek.ai Completes EUR500,000 Funding Round 06.16.2022
Meetgeek.ai, a technology startup that builds an AI meeting assistant helping teams take control over their meetings, has completed an investment... more
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Mobile Phone Wholesaler Gersim Posts RON40M Net Profit in 2021 06.14.2022
Romania’s largest mobile phone and tablet wholesaler in Romania, Gersim Impex, posted almost RoN40 million net profit in 2021, 8% higher than in... more
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Bittnet Systems Sells 11.9% of Dendrio Solutions to Agista Investments for RON7.49M 06.14.2022
Bittnet Systems (BNET.RO), an IT&C solutions integrator and provider of training services in the IT sector, sold 11.9% in the capital of Dendrio... more
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Software Developer RebelDot Unveils Investment Division For Tech Startups 06.09.2022
Software developer RebelDot has launched Rebel Ventures, an investment mechanism for tech startups that will manage the company’s strategy of... more
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Startup Profluo Raises EUR500,000 In Seed Funding Round 06.09.2022
Startup firm Profluo, which builds machine learning technology for the automatic processing of accounting documents, has attracted a EUR500,000... more
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Glovo Puts Iustinian Beghir in Charge of Its Romanian Operations 06.08.2022
Glovo, a leading player in the express delivery industry, has appointed Iustinian Belghir to the role of General Manager for its Romanian... more
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
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The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
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One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
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House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
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Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
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Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?