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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Software Company Life is Hard Profit Drops 21% in 2020, to RON1.1M yesterday, 15:31
Romanian software developer Life is Hard (LIH.RO) reported a net profit of RON1.12 million for 2020, down 21.13% compared with 2019. more
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Bittnet Systems Closes Share Capital Increase Operation; Raises RON10.7M Financing yesterday, 13:36
Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and provider of training services in the IT sector, announced Tuesday on the stock... more
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Bittnet Systems Signs Investment Agreement With Servodata Shareholders 03.01.2021
Bittnet Systems (BNET.RO), a group of IT companies, listed on the Main Market of the Bucharest Stock Exchange, on Monday announced the signing of... more
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Safetech Innovations Ends 2020 With RON14.7M Turnover, RON3.1M Net Profit 03.01.2021
Romanian cybersecurity company SafeTech Innovations (SAFE.RO) reported consolidated revenue of RON14.7 million for 2020, up 43% versus 2019, and a... more
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ELKO Romania Relocates To CTPark Bucharest, Rents 1,800 Sqm 03.01.2021
ELKO Romania, the local division of Latvian distributor of IT and consumer electronics products, has rented 1,800 square meters within logistics... more
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Bittnet Operating Profit Grows 400% in 2020, to RON4.3M 03.01.2021
Bittnet (BNET.RO), a group of IT companies, listed on the Main Market of the Bucharest Stock Exchange, reported RON108.6 million consolidated... more
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PayU Romania: Romanian E-Commerce Market grows 36% in 2020, to EUR7B 03.01.2021
The Romanian e-commerce market reached approximately EUR7 billion in 2020, 36% higher compared with 2019, data from online payment processor PayU... more
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Telekom Romania Group Revenue Declines 3% in 2020, to EUR951M 02.26.2021
Telekom Romania Group on Friday reported consolidated revenue of EUR951 million in 2020, down 3% compared with 2019, while its EBITDA adjusted to... more
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Software Company Life is Hard Gets Shareholder Approval For EUR1.5M Bonds 02.25.2021
Shareholders of Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, approved the issue of corporate,... more
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Bittnet Systems Buys 23% Of The E-Learning Company Shares For RON1.75M 02.24.2021
Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and training services in the IT sector, said in a stock market report that it had... more
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2Performant Turnover Grows 31% in 2020, to RON20M 02.24.2021
Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, reported a turnover of RON20.2... more
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Outsourcing Companies Seek to Hire 1,850 People in Romania in 2021 02.24.2021
Companies in Romania’s outsourcing industry have not been affected by the COVID-19 pandemic too much and plan to continue hiring in 2021. Nine of... more
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SafeTech Innovations Signs RON4.7M Contract For Provision Of IT And Cybersecurity Services 02.23.2021
Romanian cybersecurity company SafeTech Innovations (SAFE.RO) on Tuesday (Feb 23) signed a contract worth RON4.7 million, VAT not included, for the... more
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Swiss Digital Game Developer Miniclip Becomes Majority Shareholder Of Romania's Green Horse Games 02.23.2021
Swiss digital game developer Miniclip has become majority shareholder in Green Horse Games, a Romanian company founded in 2013 by George Lemnaru.... more
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iFactor Gets Funding from ROCA X, Targets Four New Markets in Two Years 02.18.2021
iFactor, an online platform helping SMEs sell their individual outstanding invoices for immediate cash, will receive a round of financing from... more
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Orange Romania Turnover Drops 3% in 2020, to EUR1.07B 02.18.2021
Telecom operator Orange Romania on Thursday reported a turnover of EUR1.076 billion for 2020, down 3% compared with 2019, while customer numbers... more
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Singapore-based BPO Company TDCX Opens Office In Bucharest 02.18.2021
TDCX, a leading provider of business process outsourcing (BPO) services based in Singapore, is opening in Bucharest its first office in Central and... more
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FintechOS Aims To Double Its Turnover, Expand Into Markets In U.S., Middle East, North Africa In 2021 02.17.2021
FintechOS, which specializes in the development of digital transformation solutions for the financial industry, ended 2020 with annual recurring... more
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Romanian Game Developer Firebyte Games Raises RON4.93M in Private Placement 02.15.2021
Mobile game developer Firebyte Games on Monday closed a private placement of shares in a share capital hike, raising RON4.93 million, BRK Financial... more
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Fan Courier Turnover Grows 27% in 2020, Tops RON1B Mark 02.15.2021
FAN Courier, the leading courier services company in Romania, said Monday its turnover grew 27% in 2020, topping the RON1 billion mark, as the... more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
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Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
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SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
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TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
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U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ
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Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
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Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
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The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
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DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
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Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
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Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
