Competition Council Clears Crescendo International Takeover By Bittnet Systems
01.11.2019
Romania’s Competition Council on Friday said it approved the transaction whereby Bittnet Systems S.A. had bought some of the assets and the activity of Crescendo International S.R.L.
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Bittnet Systems Founders Sell 14% Of Company's Shares In RON8M Deal 01.16.2019
Logofatu brothers, the founders of IT&C solution integrator and IT training services provider Bittnet Systems (BNET.RO), sold 14.4% of the... more
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Takeaway.Com Now Works with 800 Partner Restaurants in Romania 01.16.2019
Dutch-held online food delivery marketplace Takeaway.com is now working with about 800 restaurants in Romania, 200 more than almost a year ago when... more
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Amazon to Expand in Iasi, Looks for Additional 5,000 Sqm Office Space 01.15.2019
US’ Amazon, world’s largest online retailer, will expand by another 5,000 square meters in Iasi, at the end of 2020, real estate market sources... more
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DXC Technology Acquires Luxoft in $2B Deal 01.07.2019
US-based IT solutions developer DXC Technology announced a definitive agreement to acquire Luxoft, a global-scale digital innovator with... more
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Bittnet Systems Raises RON9.7M in Corporate Bond Sale 12.28.2018
Bittnet Systems (BNET.RO), local integrator IT&C solution integrator and IT training services provider, has raised RON9.7 million selling... more
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Allview Decline Continues Ten Months Into 2018 12.28.2018
Brasov-based Visual Fan, which sells various gadgets branded as Allview, saw a decline on the smartphone market again in 2018, after an almost... more
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Liberty Global Announces Sale of DTH Operations in Eastern Europe 12.21.2018
Liberty Global plc announced Friday it has reached an agreement to sell its DTH satellite TV operations currently serving four Eastern European... more
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PitechPlus Sees EUR9M Turnover in 2018, Seeks Scandinavian Expansion 12.18.2018
Cluj-based software company PitechPlus estimates a turnover of EUR9 million this year, up 20% on the year, and seeks to expand to Scandinavian... more
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Early Game Ventures Seeks to Invest EUR28M in Romanian Tech 12.18.2018
Early Game Ventures (EGV), an early-stage venture capital firm harnessing the technical talent in Central Eastern Europe has been launched in... more
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EIB Grants EUR9.7M To Radiocom For Digitalization Of Romania’s Terrestrial Broadcasting Infrastructure 12.14.2018
The European Investment Bank (EIB) is lending EUR9.78 million to Romanian public company Societatea Nationala de Radiocomunicatii SA (Radiocom) to... more
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Romanians Seen Spending EUR1B on Cellphones in 2018 12.07.2018
Romanians could spend EUR1 billion on cellphones in 2018, as the value of the market has already risen 30% in the first ten months to more than 3... more
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SAP Romania Grows 700 Employees, Seeks To Hire 100 More In 2019 12.05.2018
SAP Romania, the local subsidiary of the German-held business software solutions developer, has grown to 704 employees in the three local centers... more
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KeysFin: Romanian Software Market Tops EUR5.4B in 2018 11.29.2018
Over 17,000 software companies operating in Romania will exceed EUR5.4 billion in total turnover in 2018, according to a report released Thursday... more
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Romania Durable Goods Market Grows 17% in Jan-Sept, to EUR2.2B 11.28.2018
The Romanian durable goods market grew 17% on the year in the first three quarters, to EUR2.2 billion, an analysis by GfK showed Wednesday. more
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EY Romania Opens EY Wavespace In Bucharest 11.21.2018
EY Romania opens in Bucharest the EY wavespace, a part of the global network of innovation initiatives focused on developing digital solutions for... more
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eMAG Expects Sales To Go Up To RON4.8B In 2018 11.15.2018
The eMAG group, which operates in Romania, Hungary, Bulgaria and Poland, expects 4.8 billion lei (EUR1.03 billion) sales in 2018, up from the about... more
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Telekom Romania Group Posts 5.3% Lower Consolidated Revenue In 3Q/2018, To EUR226M 11.08.2018
Telekom Romania group, which includes the former companies Cosmote and Romtelecom, one of the leading local providers of fixed and mobile... more
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UPC Romania Revenues Grow 4% on Year in 3Q, to RON164M 11.08.2018
Cable TV, internet provider and telecom operator UPC Romania, part of Liberty Global, reported revenues of RON164.2 million in the third quarter,... more
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IT&C Distributor Asbis Sees 20% Growth In H1, 2018 11.06.2018
Asbis, the number four IT&C distributor in Romania, posted growth of 20% in revenue in the first half, as a result of the growth of component and... more
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Top 30 Call-Center Operators Posted RON1.5B Revenue In 2017 11.05.2018
The 30 largest call-center companies in Romania generated 1.5 billion lei (EUR332 million) revenue together in 2017, up 15% over 2016. more
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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Energy companies and banks, which are among the most traded stocks on the Bucharest Stock Exchange, will pass on to their customers the
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The Continental group, the largest automotive component manufacturer in Romania, is planning new investments for 2019 as its research
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This year will see a record 450,000 square meters of office space delivered, which is a first for Romania.
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More than 25 residential complexes with at least 200 apartments each are scheduled for delivery in Bucharest in 2019 and 2020, Coldwell
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Romania accounts for 27.8% of the corn production in the European Union, almost one third of the total, after having recorded its
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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.
