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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Romanian Startup Aysa.ai Launches Adverlink.net Solution
09.27.2024
Romanian startup Aysa.ai, a search engine optimization software dedicated to the e-commerce industry, has recently launched a new solution, called... more
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Cybersecurity Startup Pentra Gets EUR150,000 Funding From Early Game Ventures
09.24.2024
Romanian startup Pentra (formerly Pentest Copilot), which was among the finalists of the Innovation Labs 2024 and was selected by Early Game... more
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IT Company Bento Sees Net Profit Up 106% In H1 2024
09.24.2024
Entrepreneurial company 2B Intelligent Soft (BENTO.RO) posted RON12.1 million net profit in the first half of 2024, an increase of 106% on the... more
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NN Group And Rubio Impact Ventures Launch Competition For Tech Start-ups Across 11 Countries, Including Romania
09.19.2024
NN Group, a Dutch financial services company operating in the local life insurance and private pension markets, and venture capital fund Rubio... more
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Vodafone Business Director Mihnea Radulescu To Return To US’ Liberty Global As UPC Slovakia CEO
09.18.2024
Mihnea Radulescu, one of the best known executives in the local telecom industry, who has been running the business unit of Vodafone, will return... more
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Startup Munch Expands To Iasi
09.17.2024
Hungary-based startup Munch, which provides an application designed to help curb food waste and entered the Romanian market this spring, is... more
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Local Startup Ogre AI Aims to Step Up Europe Expansion
09.13.2024
Ogre AI, the Romanian-British startup that has developed an AI-based platform for prognoses in the energy field, wants to accelerate expansion in... more
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Vodafone-Led Consortium Set to Build Part of Romania Govt Cloud Platform with EUR100M
09.12.2024
Vodafone, one of the largest communications services providers in Romania, has nine months to implement part of the government cloud platform that... more
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Energytech Start-Up OgreAI Gets To EUR6M Investments
09.11.2024
Romanian-British start-up Ogre AI, which specializes in providing artificial intelligence-based forecasting solutions for the energy sector, has... more
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TechAngels Investments Stand At Over EUR1M In H1
09.11.2024
In the first six months of this year, the members of TechAngels - the largest network of business angels in Romania, have invested a total of more... more
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Trendyol Gains 500,000 Customers In Eight Months Since Arrival In Romania, Aims For 1M By Yearend
09.10.2024
Türkiye-based Trendyol, which created a marketplace platform for fashion and other products that can be sold online, has grown to 500,000... more
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Deloitte: Seven In Ten Organizations Adopt Marketing Technologies, Including Gen AI
09.09.2024
Organizations embrace marketing technologies (martech), as seven out of ten (75%) marketers say that they are using them, according to the latest... more
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Softbinator Technologies Ends H1 2024 With Profit And Decline In Revenue
09.05.2024
Softbinator Technologies (CODE.RO) a Romanian provider of full software development services (product management, product design, software... more
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Life Is Hard Posts RON1.7M Consolidated Loss In H1 2024
09.04.2024
Life is Hard (LIH.RO), a technology company listed on the AeRO market of the Bucharest Stock Exchange, posted a consolidated net loss of RON1.7... more
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Business Solution Integrator TOP TECH Slips Into The Red In 2023
08.29.2024
Local company TOP TECH, a business solutions integrator, posted a loss of more than RON1.6 million (EUR334,000) at the end of 2023, from a profit... more
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Software Developer Systematic Sees Revenue Up 22%, Profit Up 197% In 2023
08.28.2024
Systematic Development Center, a private IT company based in Denmark that develops software and solutions for various customers, including for NATO... more
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Schwarz Global Services 2023 Turnover Up 44% To over RON66.7M
08.28.2024
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants)... more
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Trencadis Budgets 30% Turnover Growth for 2024
08.28.2024
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business... more
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Dedeman Launches IT Project DedeTech
08.26.2024
Dedeman, the largest entrepreneurial business in Romania, is launching an IT project, DedeTech, designed to develop and upgrade the digital... more
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Zitec 2023 Profit Slumps 43% To RON5.6M
08.21.2024
IT and digital marketing services provider Zitec, in which giant online retailer eMAG owns 25%, in 2023 posted an over 40% net profit decline,... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.