CBRE: Bucharest Sees 66% Surge In Employee Numbers In IT&C Industry In Last Ten Years
02.11.2019
Over the last ten years, Romania's capital city Bucharest has seen a 66% surge in the number of employees in the IT&C industry, to more than 70,000 professionals working in the sector, according to a survey carried out for the EMEA (Europe, Middle East and Africa) region by real estate consulting firm CBRE.
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eMAG Hungary Merges with Extreme Digital, Targets EUR1B Sales in Six Years 03.21.2019
Online retailer eMAG Hungary announced Thursday it was merging with Extreme Digital, which expands eMAG's business to five more countries: Czech... more
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Mobile Device Distributor Phonetastic Sales up 36% to EUR52M in 2018 03.19.2019
Mobile phone, tablet and accessories distributor Phonetastic GSM, one of the largest local actors, which also operates on other markets in Europe,... more
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India’s Infosys: We’ll Reach More Than 500 Employees in Romania 03.15.2019
India’s Infosys, which specializes in providing outsourcing IT solutions and services, will be hiring more than 300 people in Romania soon for... more
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Romania's Finance Ministry Amends Bank Tax This Week 03.13.2019
Romania's finance ministry will finish this week a draft of changes to the emergency decree 114/2018 that introduced a tax on bank assets and... more
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Flanco Sales Top RON1B in 2018, Profit Quadruples 03.13.2019
Electronics retailer Flanco posted a turnover of RON1.07 billion in 2018, up 9% on the year, and a net profit of RON21 million, four times higher... more
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First Bank To Invest EUR7.5M in Technology 03.04.2019
First Bank plans to speed up its digitization process and is investing EUR7.5 million in technology, it said in a statement Monday. more
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Romanian Postal Operator Seeks Insolvency of Its Own Insurance Broker 02.28.2019
Romania's state-owned postal operator Posta Romana has filed court action for insolvency procedures targeting PRBA, its own insurance broker set up... more
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Romania’s Service Exports Doubled in 2014-2018 to EUR4.5B 02.28.2019
The 183,000 employees in Romania’s IT&C sector generated EUR4.5 billion worth of exports in 2018, 15% higher than in 2018. The IT&C exports... more
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Samsung: Local Smartphone Market Up To 4.7M Units In 2018 02.27.2019
The smartphone market in Romania reached 4.7 million units last year, 4% more than in 2017, as the market is maturing, and growth will no longer... more
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Telekom Romania Stops Using Orange's 4G Network 02.22.2019
Telekom Romania has terminated a contracts that allowed it to use Orange's 4G network as the two telecom operators failed to reach an agreement to... more
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Orange Romania 2018 Total Revenue Up 5% On Year To EUR1.125B 02.21.2019
Telecom operator Orange, leader on the Romanian mobile telephony market, reported total revenue of EUR1.125 billion in 2018, up 5% year-on-year,... more
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Romania’s Mailing and Courier Services Market Tops RON4B in 2018 Due to Online Commerce 02.18.2019
Romania’s mailing and courier services market topped RON4 billion in 2018 due to higher online sales, a KeysFin analysis showed Monday. more
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Huawei Takes Top Spot on Tablet Market in Romania, Plans to Open New Stores 02.14.2019
China’s Huawei, the second largest smartphone vendor in Romania, took the top spot of the tablet market at the end of last year and plans to... more
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Mihai Patrascu, evoMAG: We Ended 2018 with 15% Growth 02.08.2019
Evolution Prest Systems, the company that runs the online store evoMAG.ro, a top ten computer and electronics retailer on Romania’s e-commerce... more
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Bittnet Systems Boosts Share Capital By RON350,000 02.07.2019
IT&C solution integrator and IT training services provider Bittnet Systems (BNET.RO) on Thursday announced a share capital increase by issuing... more
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SafeTech Innovations Doubles Profit In 2018; Eyes Listing On BVB’s Alternative Trading System AeRO 02.07.2019
Local company Safetech Innovations, specialized in providing cyber security solutions, on Thursday reported a net profit of RON1.1 million for... more
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Digi Communications Seeks to Raise EUR125M from Investors 02.06.2019
Telecom operator Digi Communications (Digi.RO) on Wednesday decided to offer additional secured notes maturing in 2023 with 5% interest, seeking... more
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Gersim Revenue Down 10% to EUR150M in 2018 02.05.2019
Gersim Impex, the largest mobile phone and tablet distributor in Romania, ended 2018 with EUR150 million revenue, 10% lower than in 2017, which... more
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Webhelp Romania Eyes Acquisitions In 2019; Seeks To Boost Staff Numbers 01.28.2019
Outsourcing company Webhelp Romania will focus in 2019 on completing its services portfolio by acquiring a company, expecting its staff numbers to... more
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Vodafone Romania Service Revenue Down 0.8% In 4Q/2018 Due To Negative Impact Of Termination Rates 01.25.2019
Telecom operator Vodafone Romania on Friday said its service-generated organic revenue inched down 0.8% in the quarter ended on December 31, 2018,... more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
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Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
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German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
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Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
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Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
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The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
