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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Safetech Innovations Shares Transferred From SMT AeRO Market To Regulated Market On Feb 6
yesterday, 19:30
The Bucharest Stock Exchange has announced that the shares of Safetech Innovations, a company present on the capital market since 2021, will start... more
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Online Store Complice.Ro Reaches EUR430,000 Sales
01.25.2023
Online shop Complice.ro, which specializes in selling experience-based gifts, managed to exceed its revenue target last year, posting EUR430,000... more
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OVES Enterprise Posts over EUR6M Turnover in 2022, Expects Business to Double in 2023
01.25.2023
Software developer OVES Enterprise saw turnover top EUR6 million in 2022 and for the current year its officials expect turnover to double amid the... more
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Ascendis Group Invests EUR100,000 in Tech Startup PROCESIO
01.20.2023
The Ascendis Group, the leading player in the training and professional development consultancy market in Romania, is investing EUR100,000 in local... more
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Zitec Turnover Up 42% To Over EUR25M YoY In 2022
01.19.2023
Zitec, a provider of IT and digital marketing services, specialized in developing digital transformation solutions and services, ended 2022 with a... more
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NextUp Solutions’ Turnover Up 50% YoY In 2022
01.18.2023
NextUp Solutions, one of the largest business software solutions companies, with more than 5,500 companies in its customer portfolio, saw a 50%... more
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BNET16 Pre-emptive Rights For Capital Hike Carried Out By Bittnet Systems To Be Traded On Jan 18-25
01.17.2023
The Bucharest Stock Exchange (BVB) informed on Wednesday (January 18) that BNETR16 pre-emptive rights issued for the share capital increase carried... more
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Vodafone Group Increased Romanian Subsidiary Capital by EUR100M in November 2022
01.16.2023
UK’s Vodafone Group, one of the largest global players in the communications industry, decided on November 22, 2022 to increase the share... more
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Softbinator Technologies Appoints Vlad Deliu As Group’s Chief Financial Officer
01.16.2023
Romanian software producer Softbinator Technologies said it recruited and appointed Vlad Deliu as Chief Financial Officer on a group level. more
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Inetum Romania Appoints Patrice Gautier As Managing Director
01.12.2023
IT services company Inetum Romania, part of French Inetum Group, announces the appointment of Patrice Gautier to the position of Managing Director,... more
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Modus Create Buys Romanian Software Engineering Company Clarisoft
01.12.2023
Modus Create, an international digital transformation consulting firm, has acquired Clarisoft, a Romanian software engineering company with deep... more
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Connections Consult Appoints Radu Marcu As Executive Director
01.12.2023
Local company Connections Consult (CC.RO), which specializes in providing software solutions and IT services, has appointed Radu Marcu to the... more
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Romania Needs More Than 2,500 Cybersecurity Specialists to Fill Shortage
01.11.2023
Romania needs more than 2,500 cybersecurity specialists to fill the staff shortage currently faced by companies in the industry after three years... more
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US-Held Fortis Games Plans to Expand Team in Romania to 100 People
01.11.2023
Fortis Games, a new US game studio established by global industry heavyweights, which made several acquisitions in 2022, among which the Metagame... more
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WEBCON Expands Its Romanian Operations
01.10.2023
WEBCON, one of the leading global companies that deliver an Enterprise Low-code Application Platform (LCAP) for business process automation and... more
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Vatis Tech Gets New Financing Worth EUR650,000
01.10.2023
Romanian startup Vatis Tech, which created a speech recognition platform for audio-video content processing, announces a new funding round worth... more
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EXE Software Increases Team Of Experts By Some 40 People In 2022; Continues To Hiring In 2023
01.09.2023
Romanian software company EXE Software increased its team of experts by some 40 people in 2022, company representatives said in a press statement. more
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Activize Report: Tech Startups in Romania Got Less Funding in 2022
12.29.2022
Tech startups in Romania got EUR79.27 million funding in 2022, 7.35% less than the EUR85.56 million of 2021 attracted in 93 rounds, a report by... more
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Bittnet Group Raises EUR2M From Bucharest Stock Market Investors
12.28.2022
Bittnet (BNET.RO), a group of IT companies listed on the Main Market of the Bucharest Stock Exchange, has announced the successful closing of a... more
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Orange Increases Capital of Orange Money IFN by EUR2M
12.27.2022
Orange, the leader of the telecom market and one of the largest companies in Romania, has decided to add EUR2 million to the capital of its company... more

The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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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
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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
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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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
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.