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.
-
UiPath Raises $750M In New Funding Round, Company Valued At $35B 02.02.2021
UiPath, a start-up founded in Romania, that is currently one of the global leaders of the robotics software industry, announced on Monday that it... more
-
Safetech Innovations Debuts on Bucharest Stock Exchange AeRO Market 01.29.2021
Shares of Romanian cybersecurity company Safetech Innovations started trading on the AeRO market on The Bucharest Stock Exchange Friday under the... more
-
Wipro Leases 11,000 Sqm of Office Space in Globalworth Square 01.28.2021
Globalworth, the biggest office owner in Romania, has signed a leasing contract for Globalworth Square with global software service company Wipro,... more
-
Romanian Software Company Atta Systems To Open Office In Singapore 01.27.2021
Romanian software solutions provider Atta Systems (formerly known as AB4 Systems) on Wednesday said it would open an office in Singapore, whereby... more
-
iHunt Technology Closes Bond Sale Early, Raises RON8.62M 01.27.2021
Broker TradeVille on Tuesday closed early a private placement for bonds issued by iHunt Technology as the bonds were oversubscribed by 23%, the... more
-
Vodafone Invests EUR20M to Advance Digital Skills, Education in Romania and 13 Other Countries 01.25.2021
Vodafone announced Monday an investment of €20 million by the Vodafone Foundation to expand digital skills and education programs by funding... more
-
Vitacom Electronics Posts RON60M Turnover in 2020, Expects 10% Growth in 2021 01.25.2021
Cluj-based importer and distributor of electronic products and accessories Vitacom Electronics registered a turnover of RON50 million in 2020... more
-
iHunt Ploiesti Gets Shareholder Approval For RON7M Bond Issue 01.20.2021
Ploiesti-based iHunt Technology (HUNT.RO), a producer and supplier of mobile phones and hi-tech gadgets, whose shares climbed 41% in 2021, received... more
-
Dendrio Solutions to Supply IT Equipment to Defense Ministry Under RON22.8M Contract 01.19.2021
Dendrio Solutions, owned by Bittnet Systems (simbol bursier BNET.RO), has signed a RON22.8 million framework agreement with the Ministry of Defense... more
-
Software Company Life is Hard Seeks To Fully Acquire Innobyte 01.19.2021
Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, wants to fully acquire Innobyte, one of the leading... more
-
Softelligence Seeks To Extend Team By At Least 60 Specialists; Eyes Up To 30% Higher Turnover In 2021 01.18.2021
Romanian business software solutions provider Softelligence expects its revenue to grow by up to 30% in 2021 and to extend its team by at least 60... more
-
ThoughtWorks Acquires Gemini Solutions, Set to Establish ThoughtWorks Romania 01.14.2021
ThoughtWorks, a global software consultancy company based in the US, announced Thursday it has acquired Gemini Solutions, a software development... more
-
eMAG Expands Premium Delivery Service to Seven Cities 01.12.2021
Romania's biggest online retailer eMAG is expanding its Genius delivery service to Craiova, Ploiesti, Galati, Braila, Sibiu, Pitesti and Buzau, the... more
-
DRUID Attracts $2.5M Financing in Round Led by GapMinder 01.12.2021
DRUID, a local startup specialized in developing chatbots, has attracted new financing totaling $2.5 million in a financing round led by investment... more
-
ROCA X Invests EUR150,000 in Local Startup Benefito Mobile 01.12.2021
Investment vehicle ROCA X has signed a deal investing EUR150,000 in local virtual mobile operator Benefito Mobile, which plans to launch a prepaid... more
-
Romania's Services Exports Reach EUR7.4B In 2019 12.24.2020
Romania exported services worth a total EUR7.4 billion in 2019, of which EUR1.5 billion represented exports of IT services. more
-
Antitrust Body Looks Into Ropeco Bucuresti Acquisition By RBC 12.23.2020
Romania's Competition Council said Wednesday it was analyzing the deal whereby Romanian Business Consult (RBC), the largest integrator of IT... more
-
Wipro Takes Over METRO's IT Divisions in $700M Deal 12.22.2020
Software services company Wipro Limited will take over the IT divisions of METRO group in Germany and METRO Systems Romania. more
-
Alternative IT Education Market Reaches Nearly EUR8M; Expected To Grow 15% In 2021 12.21.2020
The alternative IT education market amounts to approximately EUR8 million and it may grow by 15% in 2021, an evolution backed by changes on the... more
-
Altex Opens EUR1M Store in Bucharest 12.16.2020
Romania's leading electronics retailer Altex announced the opening of a new store in Bucharest following an investment of EUR1 million. more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
more
Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
more
SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
more
TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
more
U.S. automaker Tesla is in a straight line with the opening of a center in capital city Bucharest and, for starters, it seeks to employ
more
Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
more
Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
more
The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
more
DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
more
Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
moreAnalysis
Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring
The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.
