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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First Bank To Invest EUR7.5M in Technology 03.04.2019
First Bank plans to speed up its digitization process and is investing EUR7.5 million in technology, it said in a statement Monday. more
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Romanian Postal Operator Seeks Insolvency of Its Own Insurance Broker 02.28.2019
Romania's state-owned postal operator Posta Romana has filed court action for insolvency procedures targeting PRBA, its own insurance broker set up... more
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Romania’s Service Exports Doubled in 2014-2018 to EUR4.5B 02.28.2019
The 183,000 employees in Romania’s IT&C sector generated EUR4.5 billion worth of exports in 2018, 15% higher than in 2018. The IT&C exports... more
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Samsung: Local Smartphone Market Up To 4.7M Units In 2018 02.27.2019
The smartphone market in Romania reached 4.7 million units last year, 4% more than in 2017, as the market is maturing, and growth will no longer... more
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Telekom Romania Stops Using Orange's 4G Network 02.22.2019
Telekom Romania has terminated a contracts that allowed it to use Orange's 4G network as the two telecom operators failed to reach an agreement to... more
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Orange Romania 2018 Total Revenue Up 5% On Year To EUR1.125B 02.21.2019
Telecom operator Orange, leader on the Romanian mobile telephony market, reported total revenue of EUR1.125 billion in 2018, up 5% year-on-year,... more
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Romania’s Mailing and Courier Services Market Tops RON4B in 2018 Due to Online Commerce 02.18.2019
Romania’s mailing and courier services market topped RON4 billion in 2018 due to higher online sales, a KeysFin analysis showed Monday. more
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Huawei Takes Top Spot on Tablet Market in Romania, Plans to Open New Stores 02.14.2019
China’s Huawei, the second largest smartphone vendor in Romania, took the top spot of the tablet market at the end of last year and plans to... more
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CBRE: Bucharest Sees 66% Surge In Employee Numbers In IT&C Industry In Last Ten Years 02.11.2019
Over the last ten years, Romania's capital city Bucharest has seen a 66% surge in the number of employees in the IT&C industry, to more than 70,000... more
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Mihai Patrascu, evoMAG: We Ended 2018 with 15% Growth 02.08.2019
Evolution Prest Systems, the company that runs the online store evoMAG.ro, a top ten computer and electronics retailer on Romania’s e-commerce... more
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Bittnet Systems Boosts Share Capital By RON350,000 02.07.2019
IT&C solution integrator and IT training services provider Bittnet Systems (BNET.RO) on Thursday announced a share capital increase by issuing... more
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SafeTech Innovations Doubles Profit In 2018; Eyes Listing On BVB’s Alternative Trading System AeRO 02.07.2019
Local company Safetech Innovations, specialized in providing cyber security solutions, on Thursday reported a net profit of RON1.1 million for... more
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Digi Communications Seeks to Raise EUR125M from Investors 02.06.2019
Telecom operator Digi Communications (Digi.RO) on Wednesday decided to offer additional secured notes maturing in 2023 with 5% interest, seeking... more
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Gersim Revenue Down 10% to EUR150M in 2018 02.05.2019
Gersim Impex, the largest mobile phone and tablet distributor in Romania, ended 2018 with EUR150 million revenue, 10% lower than in 2017, which... more
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Webhelp Romania Eyes Acquisitions In 2019; Seeks To Boost Staff Numbers 01.28.2019
Outsourcing company Webhelp Romania will focus in 2019 on completing its services portfolio by acquiring a company, expecting its staff numbers to... more
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Vodafone Romania Service Revenue Down 0.8% In 4Q/2018 Due To Negative Impact Of Termination Rates 01.25.2019
Telecom operator Vodafone Romania on Friday said its service-generated organic revenue inched down 0.8% in the quarter ended on December 31, 2018,... more
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Honor Set Its Targets for Romania: 3% of Smartphone Sales in 2019, 7% in 2020 01.24.2019
Honor, the second smartphone brand of China’s Huawei as of 2013, will arrive in Romania via distributor TCCM and the official launch was... more
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Visteon Corporation Opens Tech Center in Timisoara, W Romania 01.21.2019
U.S.-based automotive industry supplier Visteon Corporation will be opening a tech center in Timisoara, western Romania, and plans to hire 400... more
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Bittnet Systems Founders Sell 14% Of Company's Shares In RON8M Deal 01.16.2019
Logofatu brothers, the founders of IT&C solution integrator and IT training services provider Bittnet Systems (BNET.RO), sold 14.4% of the... 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.
