Digi's RCS&RDS Borrows EUR150M from Bank Syndicate
![Digi's RCS&RDS Borrows EUR150M from Bank Syndicate](https://storage0.dms.mpinteractiv.ro/media/401/1561/19649/19788879/1/magazin-digi-magheru.jpg?width=175)
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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Lenovo Romania: Local PC Market Down to around 920,000 Units in 2023, Set to Reach 1 Million-Unit Threshold in 2024
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PC sales on the Romanian market in 2023 revolved around 920,000 units, down from 2022, when 980,000 units were sold, in line with IDC data, on the... more
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Car Auction Platform Direktcar.ro Launches In Romania
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Direktcar.ro, an auto auction platform Romanians can use to buy or sell cars from wherever they are and five times faster than in any other way, is... more
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Fitch Ratings Assigns Digi Communications IDR Rating Of ‘BB’, Stable Outlook
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Telecommunications operator Digi Communications (DIGI.RO) on Thursday announced on the Bucharest Stock Exchange that Fitch Ratings had assigned it... more
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SafeTech Innovations Wins National Cybersecurity Directorate Contract
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Cybersecurity company SafeTech Innovations (SAFE.RO) on Tuesday notified the Bucharest Stock Exchange of having been awarded a significant contract... more
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Deloitte Launches AI And Data Accelerator Program With Amazon Web Services
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Deloitte closed a global multi-year strategic collaboration agreement with Amazon Web Services (AWS) to support companies around the world scale... more
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Bittnet Group’s Dataware Consulting Authorized To Participate In Building 5G Networks
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Dataware Consulting, part of the Bittnet Group, has received authorization to participate in the construction of 5G networks. more
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Early Game Ventures Provides EUR1M Fund To AI Startup CogniSync
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Venture capital firm Early Game Ventures (EGV) has invested EUR1 million in AI startup CogniSync, which develops software technology that helps... more
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Euro Testing Software Solutions Ends 2023 With Over RON28.1M Turnover, Up 12% YoY
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Romanian company Euro Testing Software Solutions, a privately-owned software company specialized in Full-Service Software Testing, Penetration... more
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Romanian Startup .lumen Announces EUR5M Funding Round
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Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, has opened a EUR5 million funding round,... more
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TotalSoft Switched To Loss In 2023, Its Turnover Stagnated At RON145M
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TotalSoft, one of the largest software developers in Romania, reported losses of RON652,000 (EUR0.13 million) for 2023, compared to net gain of... more
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Accounting Tech Startup Keez Sees Revenue Up 62% To Over RON13M In 2023
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Digital Keez SRL, the accounting tech startup held by Norway’s Visma, posted significant increase in revenue, by 62% to RON13.2 milion (EUR2.6... more
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Konica Minolta Business Solutions Romania Sees 2023 Turnover Rise 7% To over EUR35.7M
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Konica Minolta Business Solutions Romania, a major player on the printing systems market and a supplier of IT solutions and services, ended 2023... more
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Arobs Raises EUR29M Via Capital Increase
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Arobs Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange has announced successful completion... more
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Romanian Startup Telerenta Expands to Poland
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Romanian tech startup Telerenta, which operates the only electronic equipment rental platform in Southeast Europe aimed at home users, and, since... more
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New Resources for SEE Tech Startups: Bulgaria’s BrightCap Ventures Launches Second, EUR60M Fund
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ING Hubs Romania Revenue Up To Almost RON700M In 2023
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ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services,... more
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UiPath Reports RON2.8B Turnover In Romania In 2023, Up 25% YoY
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UiPath, the most successful product in the Romanian IT industry and the first Romanian IT company listed on Wall Street, has reported at Romania's... more
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Cognizant Romania Recruits over 100 IT Specialists
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IT company Cognizant Romania is recruiting over 100 IT experts, beside the more than 100 persons hired since the start of the year. more
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BMW Expects IT And Software Hub In Cluj-Napoca To Grow To 1,000 Employees In A Few Years
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Germany’s BMW Group expects its new IT and software it opened in Cluj-Napoca together with Japan’s NTT Data Group to reach 1,000 employees in... more
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Phonetastic GSM Revenue And Profit Shrink In 2023
07.05.2024
Phonetastic GSM a local distributor of smartphones, gadgets and other IT&C equipment, posted RON200.3 million (EUR40.3 million) revenue last year,... more
![EBRD Grants EUR50M Financing To Support Small Businesses In Romania](https://storage0.dms.mpinteractiv.ro/media/401/1561/19567/21217165/1/euro.jpg?width=198)
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more![A Third Of Romanians Expect Home Prices To Plunge Until Spring 2023](https://storage0.dms.mpinteractiv.ro/media/401/1561/19651/21214168/1/6bloc-87477219-l.jpg?width=198)
39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
more![OMV Petrom and CE Oltenia Set to Build Four Photovoltaic Parks in EUR400M Investment](https://storage0.dms.mpinteractiv.ro/media/401/1561/19652/21209983/1/3panouri-solare2-ss.jpg?width=198)
OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
more![European Commission Warns Romania About Lack Of Long-Term Strategy On Energy And Climate](https://storage0.dms.mpinteractiv.ro/media/401/1561/19652/21205199/1/1.jpg?width=198)
The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
more![Bucharest, Cluj and Timis Employ 70% Of Romanian IT Professionals](https://storage0.dms.mpinteractiv.ro/media/401/1561/19668/21214087/1/htec-group-002.jpg?width=198)
Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
more![World Bank Says Fiscal Deficits Will Remain Elevated In Romania](https://storage0.dms.mpinteractiv.ro/media/401/1561/19567/21216964/1/world-bank-web.jpg?width=198)
Fiscal 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
more![Deloitte: Banks’ Profitability To Decrease Over The Next Year](https://storage0.dms.mpinteractiv.ro/media/401/1561/19567/21228622/1/grafic-calculator-publimedia-shutterstock.jpg?width=198)
Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
more![Transelectrica Gets EUR424M For Development Of National Energy Infrastructure](https://storage0.dms.mpinteractiv.ro/media/401/1561/19652/21230159/1/electricitate-retea-victor-ciupuliga.jpg?width=198)
Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings![Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings](https://storage0.dms.mpinteractiv.ro/media/401/1561/19566/21220500/1/pusculita-bani-publimedia-shutterstock.jpg?width=198)
Romania 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.