Apple Opens Its Own Company in Romania
09.20.2018
American tech giant Apple founded Apple Sales Romania SRL in August, a company controlled directly by Apple's subsidiary in Ireland, which conducts its European operations.
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SMEs May Access EUR29M in State Aid for IT Projects Starting December 10.17.2018
Small and medium-sized enterprises (SMEs) and micro-enterprises will be able to access funds totaling over EUR29 million for development, research... more
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Local IT Industry To Reach 400,000 Employees In 14 Years 10.17.2018
The local IT industry is currently employing 110,000 people, and most of them work in IT outsourcing and support centers that multinationals opened... more
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Telecom Industry: We Are Ready To Invest In 5G Technology 10.16.2018
Telecom operators on the local market will have separate budgets for the acquisition of 5G licenses from the auction the Romanian government is to... more
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Bittnet Sees Revenues at RON120M in 2019 Following dendrio - Crescendo Merger 10.15.2018
Bittnet Systems (BNET.RO expects to reach consolidated revenues of over RON120 million next year following the merger of dendrio and Crescendo, the... more
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Two Romanian IT Firms Make It Into 2018 Deloitte Technology Fast 50 Ranking For CEE 10.12.2018
Romanian companies Trencadis and Mondly made it into this year’s Deloitte Technology Fast 50 ranking for Central and Eastern Europe (CEE), being... more
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Bucharest Office, Electronic Arts’ Third Largest 10.10.2018
The Bucharest office of Electronic Arts (EA) is its third largest, after the California and Canada offices and employs 1,500 people. more
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Microsoft Romania Leases 1,200-Sqm Of Office Space Within Openville Timisoara 10.08.2018
Microsoft Romania has signed a lease contract for a 1,200-square meter office space within Timisoara-based Openville mixed-use compound developed... more
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Microsoft Opens Its First Cloud Computing Lab In Romania, Within West University Of Timisoara 10.05.2018
Microsoft has opened its first cloud computing laboratory in Romania, within the West University of Timisoara, which can be used by students,... more
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U.S. Cognizant Buys Softvision Group 10.05.2018
Softvision, a software company established in 1994 by Romanian Laurentiu Russo, was acquired by U.S. information technology provider Cognizant... more
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Delphi Technologies Opens IT Center in Bucharest 10.04.2018
Delphi Technologies, which manufactures engine propulsion solutions for the automotive industry, opened its first IT center Thursday, in Bucharest. more
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Schaeffler Builds Testing Center in Brasov 10.03.2018
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, will build a testing center in Brasov, central Romania, on an area of... more
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NTT DATA Romania Posts 27% Higher Turnover, Of EUR43M, In January-August 2018 10.03.2018
Software services and solutions provider NTT DATA Romania (former EBS Romania), part of Japanese group NTT DATA, on Wednesday said its turnover... more
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VTEX Targets Investments Of Over EUR2M In Next 5 Years After Opening Office In Romania 10.03.2018
VTEX, global provider of cloud e-commerce solutions for large companies and one of the world’s leading e-commerce platforms, opened an office in... more
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Online Retailer Elefant.Ro Raises RON8M From Private Investors In 12 Days 09.28.2018
Elefant Online SA, the third leading online retailer in 2017 by revenue, raised almost 8 million lei (EUR1.71 million) through a bond issue... more
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ANCOM: Investments In Romania’s 5G Network To Reach EUR9B Until 2024 09.26.2018
Investments in Romania’s 5G network will rise to EUR9 billion until 2024 and the auction for 5G frequencies will start until the middle of 2019,... more
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Digi Launches Fixed Internet and Telephony Services in Spain 09.19.2018
The Spanish division of Romanian telecom operator Digi Communications (DIGI.RO) has launched its fixed broadband and fixed telephony services in... more
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Elba Timisoara, US Varroc Lighting Systems Sign JV Agreement To Manufacture Electronics 09.19.2018
Romanian lighting systems producer Elba Timisoara, which supplies headlights for Dacia-Renault and Skoda, has signed a joint venture agreement with... more
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Online Retailer Elefant.Ro Aims To Break Even In 2019 09.14.2018
Elefant Online SA, the company that runs elefant.ro, one of the largest local online stores, plans to break even at the end of next year. more
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CIT Grup Buys EUR6.2M Office Building in Central Timisoara, Enters Real Estate Business 09.13.2018
CIT Grup of Timisoara, the main Romanian distributor on the niche of refurbished IT equipment, has acquired the building former Nokia building in... more
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Romania’s Software And IT Services Market To Overshoot EUR5B Mark In 2019 09.13.2018
Romania’s software and IT services market will go beyond 100,000 employees and EUR5.1 billion in 2019, for the first time ever, reveals a report... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
