Samsung Starts 2019 with Highest Share of Smartphone Market in Years
03.26.2019
South Korea’s Samsung started 2019 with a 54% market share by number of smartphones sold in Romania in January, the highest market share in recent years, which helped it consolidate its leading position, several industry sources told ZF.
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Worst Hit Companies If Income Tax Exemption for Programmers Is Dropped 06.06.2019
Oracle, IBM, Ericsson, Endava, Luxoft and Nokia, which have thousands of employees in the biggest cities in Romania will have to increase their... more
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ING: One in Two Romanians Willing to Adopt New Technology in Banking 05.23.2019
Romanians are more and more aware of the benefits of tech innovation I banking and 54% are willing to adopt new banking solutions and share their... more
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Foodpanda Seeks to Expand to 20 Cities This Year 05.23.2019
Food ordering platform foodpanda, which currently covers 15 cities, seeks to expand to 20 cities this year and has added 400 new restaurants since... more
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ZF Cybersecurity Trends 2019: No Company Is 100% Safe from Cyberattacks 05.22.2019
Every company, the small and medium-sized ones included, is now targeted by cyberattacks and the risks involved have become so great – from data... more
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Samsung Joins Club of Companies with At Least EUR1B Revenue in Romania 05.21.2019
South Korea’s Samsung posted about 4.6 billion lei (EUR1 billion) revenue in Romania last year, up about 8% over 2017. more
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ETA2U Timisoara Expects 20% Growth to RON260M Revenue in 2019 05.16.2019
Timisoara-based ETA2U, the largest IT integrator outside Bucharest, is aiming for about 20% growth in revenue to more than 260 million lei (EUR55... more
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Consignor Expands Office in Victoria Center to Occupy 2,000 Sqm 05.15.2019
Consignor, specialized in software development for the management of deliveries, is expanding its offices in the Victoria Center building in... more
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Vodafone Romania Service Revenue Down 2% YoY To EUR173M 05.14.2019
Telecom operator Vodafone Romania on Tuesday said its service revenue fell 1.6% year-on-year to EUR173 million in January-March 2019, the last... more
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Huawei Accounted for 25% of Smartphone Sales in Romania in March 05.13.2019
The local subsidiary of China’s Huawei sold more than one quarter of the total number of smartphones purchased in Romania in March, which is its... more
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Group of Local Entrepreneurs Establishes Firm to Invest in IT Business Ideas 05.10.2019
Ion Nestor (law firm), Dumitru Becsenescu (Antares), Dan Lazarescu (Totalsoft cofounder) and other nine entrepreneurs in various sectors... more
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Telekom Romania Revenue Declines 4.4% in 1Q, to EUR216.6M 05.09.2019
Telekom Romania group posted consolidated revenues of EUR216.6 million for the first quarter of 2019, down 4.4% on the year, it said in a report... more
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Acer: Romania Is Our Third Largest Market in Eastern Europe 05.09.2019
The Romanian PC market has reached maturity, as consumers are already buying their third or fourth computer, based on their needs. The segments... more
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Romanian Durable Goods Market Drops 2% in 1Q/2019 05.08.2019
The Romanian durable goods market declined 2% on the year in the first quarter, to EUR700 million, a GfK TEMAX survey showed Wednesday. more
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UPC Romania 1Q Revenue Grows 4.2%, to RON168M 05.07.2019
Cable TV, internet provider and telecom operator UPC Romania, which Liberty Global has agreed to sell to Vodafone, ended the first quarter with... more
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Net Brinel Turnover Grows 25% in 2018, to Over RON22M 05.06.2019
Cluj-based IT systems integrator Net Brinel, whose shareholders include France's SNEF, topped RON200 million (EUR43 million) in turnover for the... more
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UiPath Raises $568 Million in New Funding Round, Company Valued at $7B 04.30.2019
UiPath, a start-up founded in Romania in 2015 that is currently a leading robotic process automation software company announced it raised a record... more
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ZF Mobilio ’19: Costs of National 5G Infrastructure Could Reach EUR1B per Operator
04.24.2019
The costs of building 5G mobile communications networks with a similar coverage and quality as the current 4G infrastructure, of more than 90% of... more
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iSTYLE Buys iCenter Store in Bucharest, Reaches Ten Stores in Romania 04.23.2019
Apple reseller iSTYLE Retail has acquired the iCentre store in Promenada shopping mall in Bucharest, reaching ten stores in Bucharest and main... more
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Bittnet Aims To Double Its Turnover In 2019, To Nearly RON130M, But Expects 30% Lower Net Profit 04.17.2019
IT&C solution integrator and IT training services provider Bittnet Systems (BNET.RO) targets a turnover of RON130 million in 2019, more than double... more
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AROBS Transilvania Expands into HR Software Market 04.11.2019
AROBS Transilvania, one of the largest actors on the local IT solutions market, has entered the market of software platforms for human resources... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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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.
