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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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
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Romania’s Software & IT Services Market Up A Mere 2% On Year In 2017 09.12.2018
Romania’s software and IT services market rose just 2.1% year-on-year in 2017, to EUR975 million, while exports grew by 14% to EUR3 billion, as... more
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Voicu Oprean, AROBS Transilvania: Cluj IT Market Overheated, We Can No Longer Find Employees 09.12.2018
The IT market in Cluj, which has reached a growth rate of 20% a year, can no longer meet demand for human resources from companies as the number of... more
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Bitdefender Acquires Australian SMS eTech, Establishes Australian Presence 09.11.2018
Romanian cybersecurity company Bitdefender has acquired acquired long-time Australian partner SMS eTech to establish its physical presence in the... more
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Fondul Proprietatea Won't Contribute to Posta Romana Capital Hike 09.04.2018
Investment fund Fondul Proprietatea (FP.RO) maintains its decision to not take part in a share capital increase for state-owned postal company... more
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Smartphone Market Grows 40% in 1H in Romania 08.30.2018
The smartphone market in Romania grew 40% on the year in the first half, due to purchases of higher-performing models at higher prices, Avenir... more
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Smartphone Market Unexpectedly Up 40% In Value In H1 08.24.2018
The smartphone market growth rate was higher than expected in the first half, over 40% by value, driven by the rising appetite of Romanian... more
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Telekom Romania Sells Land in Bucharest to One United Properties for EUR18M 08.22.2018
Telekom Romania has completed the sale of a plot of land in the Floreasca area in Bucharest to developer One United Properties for over EUR18 million. more
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German Group Delivery Hero SE Acquires hipMenu Food Delivery Platform 08.22.2018
German group Delivery Hero SE, which owns the foodpanda.ro food delivery app in Romania, has acquired local food delivery platform hipMenu,... more
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Daimler Hires Andrei Frunza To Run Clever Taxi 08.20.2018
Daimler, the German giant, which owns Romania-based Clever Taxi among others via one of its divisions, has recruited Andrei Frunza to be the CEO of... more
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Adobe Sees Romanian Revenue Up 23% In H1 08.16.2018
Adobe Romania, the local software research and development center of the US giant by the same name, posted 79 million lei (EUR17 million) revenue... more
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Digi Communications 1H Net Profit Plunges 51% To EUR15M, Revenue Rises 4.8% To EUR475M 08.14.2018
Digi Communications (DIGI.RO) on Tuesday said its net profit plunged 51% to EUR15 million (RON70 million) and its revenue from the operations in... more
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MedLife Completes Acquisition of SfatulMedicului.ro Platform 08.14.2018
MedLife, leader of the private healthcare services market in Romania, announced Tuesday it has completed the acquisition of of the platform... more
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Top Five Video Game Developers In Romania Posted Over EUR100M Revenue In 2017 08.13.2018
Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in 2017 are the... more
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Bogdan Putinica, Enea Services Romania: IT Industry May Generate 10% Of GDP In A Few Years 08.08.2018
The IT&C sector, which has become the star of the Romanian economy in recent years, has the potential to grow to 10% of the GDP in the next few... more
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evoMAG Targets EUR25M Sales in 2018 08.03.2018
Evolution Prest Systems, which operates online retailer evoMAG, one of the top ten online retailers in Romania, seeks to raise its sales by 40%... more
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Endava Starts Trading on New York Stock Exchange 08.01.2018
Software and IT service provider Endava opened for trading on July 27 on the New York Stock Exchange (NYSE) under the ticker symbol “DAVA”... more
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Nearly Half of Romanians Buying Online Prefer Payment on Delivery 07.30.2018
Romanians, as most Europeans, are more and more attracted to online payments, but nearly half of Romanians (46%) making online purchases prefer to... more
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Orange Romania 2Q Turnover Grows 3.4% to EUR275M 07.26.2018
Telecom operator Orange Romania said Thursday it had a turnover of EUR275 million in the second quarter, 3.4% higher compared with the same period... more
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Bittnet Acquires 51% of Elian Solutions 07.25.2018
Bittnet Systems (BNET.RO), the first Romanian IT company listed on the Bucharest Stock Exchange, has completed negotiations to acquire 51% of Elian... 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.
