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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SD Worx Bets On Romania Growing Faster Than Group, By 20% In Coming Years
yesterday, 07:00
The market for payroll and human capital management solutions in Romania is going digital fast, creating significant growth potential for Romanian... more
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OVES Enterprise: Investing In Innovation And New Product Development May Lead To 30% Growth In Romanian IT Industry In 2024
04.25.2024
The deadlock in the Romanian IT market, characterized by layoffs, project suspensions, and the current political-economic context could end this... more
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Startup nPloy Expands Job Ad Offering With Over 1,000 Fully Remote Jobs From Over 100 Global Tech Companies
04.25.2024
CEE startup nPloy, which developed an online job ad platform and launched in Romania early in 2023, has expanded its job ad offering with... more
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Siemens Healthineers Unveils Installation Of MAGNETOM Flow In Romania
04.25.2024
Siemens Healthineers has announced the premiere installation of MAGNETOM Flow in Romania, an innovative magnetic resonance imaging (MRI) technology... more
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Mega Image Owner Ahold Delhaize Announces Opening Of Technology Center In Bucharest
04.24.2024
Dutch-Belgian Ahold Delhaize Group, owner of the Mega-Image store chain in Romania, has announced the opening of a technology center in Bucharest... more
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Cisco Study: Very Few Organizations Prepared To Defend Against Today’s Rapidly Evolving Threat Landscape
04.24.2024
Only three percent of organizations across the globe have the ‘Mature’ level of readiness needed to be resilient against modern cybersecurity... more
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Edward Cretescu Takes The Helm Of Romanian Employers Association In Software Industry
04.24.2024
The Romanian Employers Association in the Software Industry (ANIS) has a new president, Edward Cretescu, CEO of Regista, and a new Board of... more
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Britain’s Eleco Buys Vertical Digital Group of Software Development Companies
04.23.2024
Eleco plc, a specialized software supplier listed on the Alternative Investment Market of London Stock Exchange, has acquired Vertical Digital... more
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Online Florist Floria See Sales Up 5% In Q1, Expects 15% Growth Over Orthodox Palm Sunday And Easter
04.10.2024
Floria.ro, one of the largest online flower stores in Romania, posted sales of more than EUR900,000 in the first quarter of this year, up 5%... more
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GapMinder II Announces First Investment: Genezio Startup Co-Founded by Andrei Pitis
04.05.2024
Investment fund GapMinder II has led a EUR2 million funding round in Genezio, a startup co-founded by Andrei Pitis, announced Dan Mihaescu, a... more
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China’s ZTE Generates 40% Higher Turnover in Romania in 2023
04.05.2024
The Romanian subsidiary of China’s telecom equipment maker ZTE for 2023 reported RON79.4 million turnover, up 40% from 2022, in line with Finance... more
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Adisam Telecom's 2023 Turnover Skyrockets 921% YoY To RON105M
04.03.2024
Telecom services provider Adisam Telecom saw a boom in turnover and net profit in 2023, in line with finance ministry data. more
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Computer Generated Solutions Romania Seeks 196 People For Its Brasov Center
03.28.2024
Computer Generated Solutions Romania, the largest outsourcing provider in the local market, currently has 196 jobs available for customer service... more
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Bento Proposes Distribution Of RON4.1M Dividends From 2023 Net Profit
03.28.2024
The management of 2B Intelligent Soft (BENTO – Intellectually Curious), a Romanian entrepreneurial company specializing in the development and... more
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Exclusive Networks Romania Appoints Bogdan Ciobanu CEO
03.27.2024
Exclusive Networks Romania, the local subsidiary of the French group by the same name, announces the appointment of Bogdan Mircea Ciobanu to the... more
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RebelDot Ends 2023 With Over EUR11.6M Revenue, Up 40% YoY
03.20.2024
RebelDot, a Cluj-based software development company, ended 2023 with a turnover of over EUR11.6 million, at a group level, up 40% on the year,... more
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Asbis Romania Sees Revenue Up 20% To $61.63M In 2023
03.20.2024
Asbis Romania, the local subsidiary of Cyprus-based ASBIS, a developer and provider of ICT and IoT products, solutions and services for the Europe,... more
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PayPoint Romania Processes Over 100 Million Transactions Worth RON13.6B In 2023
03.20.2024
PayPoint Romania processed more than 100 milion transactions worth a total of RON13.6 billion via its 25,000 partner stores and the 24pay app saw a... more
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Software Developer WE AS WEB Reaches EUR25M Turnover, over 500 Employees at End-2023
03.18.2024
Local software developer WE AS WEB ended 2023 with EUR25 million turnover. 2.5 times higher than in 2022, and profit of around EUR4 million, double... more
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French Arval Group Launches Car Sharing App In Romania
03.15.2024
French Arval Group has launched on the Romanian market a mobile car sharing application exclusively dedicated to companies, which focuses on the... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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.