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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SoftOne Romania Acquires Greek Firm Orosimo Software 12.15.2020
SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software solutions integrator... more
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Software Firm Tellence Extends Collaboration With Redis Labs To Establish R&D Center In Bucharest 12.14.2020
Romanian company Tellence, which provides high-tech software and engineering services, is extending its collaboration with Redis Labs in order to... more
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Frisbo Expands Operations to Five New Countries 12.14.2020
Frisbo, the first full provider of e-fulfillment services in Romania, which takes over depositing and processing the orders of online shops, said... more
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2Performant Shares Debut on Bucharest Stock Exchange AeRO Market 12.09.2020
Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, officially entered the Bucharest... more
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Orange CEO: Romtelecom Acquisition to Allow Operator to Become More Aggressive Competitor to Digi 12.08.2020
French-held Orange group, one of the largest actors in the world’s communications industry, plans to make significant investments in Romania in... more
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2Performant Debuts on Bucharest Stock Exchange AeRO Market Wednesday 12.07.2020
2Performant, a Romanian technology company specialized in e-commerce and digital marketing, will start trading its shares Wednesday, December 9,... more
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Retailer Profi Automates HR Processes with Druid Chatbots 12.04.2020
Druid, the only company in Romania specialized in developing AI chatbots, and PwC Romania announced Friday an agreement with supermarket chain... more
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GapMinder Venture Capital Invests $1.1M In Local Startup Deepstash 12.03.2020
Investment fund GapMinder Venture Capital has carried out an additional investment of $550,000 in local startup Deepstash, which facilitates the... more
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KeysFin: Romania Software Industry Seen Growing To Over EUR8B In 2020, A New Record High 12.02.2020
Romania’s software industry is expected to grow by nearly 12.5% in 2020, to approximately EUR8.2 billion, according to estimations by KeysFin... more
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2Performant Expects Stock Market Listing By Year-End 11.26.2020
2Performant, a Romanian technology company specialized in e-commerce and digital marketing, expects to start trading its shares under the ticker... more
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Antitrust Body Looks into Kiwi Finance Acquisition by OLX 11.24.2020
Romania's Competition Council said Tuesday it was analyzing the deal whereby OLX Global BV intends to acquire Kiwi Finance SRL, the largest loan... more
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VTEX Signs New Partnerships In Bulgaria, Poland To Be Coordinated From Its Bucharest Office 11.24.2020
VTEX, one of the world’s leading e-commerce platforms, is accelerating its expansion in the region of Central and Eastern Europe (CEE) by... more
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NTT Data Romania Sees Significant Rebound in Number of Projects 11.24.2020
Software services and solutions provider NTT Data Romania (formerly EBS Romania), part of the Japanese group by the same name, is looking for... more
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Acronis, Global Leader In Cyber Protection, Opens Its First Office In Romania 11.23.2020
Acronis, a global leader in cyber protection, is entering the Romanian market by opening a research and development (R&D) center within the... more
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Three Romanian Companies Recognized in Deloitte 2020 Technology Fast 50 11.20.2020
DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the Impact Star... more
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Altex Steps Up Expansion, Opens EUR5M Store in Deva 11.18.2020
Electronics retailer Altex opens a new store on November 19 in Deva, Hunedoara county, in a company-owned space, following an investment of EUR5... more
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Romania Outsourcing Industry Employs 131,000 People in 2020 11.17.2020
The business services industry in Romania had 131,000 employees in 2020, the same as in 2019, and generated revenues of EUR4.5 billion, according... more
FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to
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Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo,
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SoftOne Romania, a member of Greek investment group Olympia, continues its expansion by acquiring Orosimo Software, a software
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TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a
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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
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Romania plans to invest over EUR22 billion in its energy sector in the next ten years, according to the country's draft energy strategy
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Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the
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The European Commission said Monday it has approved, under EU State aid rules, a RON21.3 million (approximately EUR4.4 million)
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DCS Plus, Druid and Tremend are the Romanian companies recognized in the Deloitte 2020 Central Europe Technology Fast 50 program in the
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Pet food and other care product sales will increase by 13% to almost 3 billion lei this year, data provided by market research company
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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.
