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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Greece’s Softone Group Appoints Radu Opris Group General Manager International
02.20.2024
Softone Group, a leading business software provider in Greece and SE Europe, which operates in Romania via SoftOne Romania, has appointed Radu... more
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(P) Accenture Industry X or how you can use innovation and engineering expertise for the digital transformation of industry
02.19.2024
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Pras Consulting Ends 2023 With 62% Higher Turnover, Of EUR6.8M
02.16.2024
Pras Consulting, a provider of IT solutions and services, ended 2023 with a 62% surge in turnover vs 2022, to over EUR6.8 million, which was nearly... more
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US Software Company TaxDome Enters Romanian Market, Eyes EUR125,000 Turnover In 1st Year Of Activity
02.16.2024
TaxDome, a software company founded in 2017 in New York, is entering the Romanian market, as the local business landscape indicates accelerated... more
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Foreign Investors Were Interested in Romanian Startups in 2023
02.14.2024
For Romania, 2023 was marked by foreign investor interest and Romanian startups managed to set an upward trend, reveals the report “Venture in... more
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Devhd Reports 15% Higher Turnover For 2023, Of Over EUR1M
02.13.2024
Devhd, specialized in the provision of consulting and digital transformation services via American platform ServiceNow, had a turnover of over EUR1... more
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Vodafone Romania Teams Up With Sweden's Ericsson For 5G Network Deployment
02.12.2024
Vodafone Romania, one of the largest players on the local communications market, has concluded a strategic partnership for the implementation of... more
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Finqware Posts Fourfold Turnover Increase in 2023
02.12.2024
Finqware, a Romanian fintech specializing in the treasury management automation, saw its turnover rise fourfold in 2023. more
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Deloitte: Global Leaders Expect Gen AI Transformation In 3 Years
02.09.2024
Expectations for Generative artificial intelligence (Gen AI) remain high among global leaders, as eight out of ten (79%) respondents that... more
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Cognyte Signs Lease For 1,600 Sqm in U•Center 2 Office Building
02.09.2024
Cognyte, a global leader in investigative analytics software, has leased 1,600 square meters of office space in the U•Center 2 office building... more
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FintechOS Ends 2023 with 40% Revenue Growth, Below Expectations
02.07.2024
FintechOS, one of the best-known tech startups launched locally, a tech provider for banks, insurers, lending institutions and financial services... more
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Trencadis Ends 2023 with over EUR33M Turnover, Up 39%, EUR1.2M Net Profit, 53% Higher Vs 2022
02.05.2024
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business... more
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New Issue Of Bittnet System Bonds Starts Trading On Bucharest Stock Exchange On Feb 2
02.02.2024
Bittnet Systems (ticker symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), is listing a new... more
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Bittnet’s Dendrio Solutions Signs RON67M Contract For Provision Of Integrated Monitoring Solutions
02.01.2024
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock... more
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Agile Networks Technologies And Salesforce Become ALRO's Partners To Increase Sales Digitalization
02.01.2024
Agile Networks Technologies, provider of IT solutions for digitizing sales processes, together with Salesforce, a global leader in CRM (Customer... more
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Deloitte: Global Gen AI Enterprise Spending To Surge By 30% In 2024
01.31.2024
Enterprise spending on generative Artificial Intelligence (Gen AI) will grow by 30% in 2024, from an estimated US$16 billion in 2023, according to... more
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Zitec Ends 2023 With EUR30M Consolidated Turnover, Up 15% YoY
01.31.2024
IT and digital marketing services provider Zitec, in which giant online retailer eMAG owns a 25% stake, ended 2023 with a consolidated turnover of... more
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Bittnet Systems To List RON10M Bonds At Bucharest Stock Exchange On Feb 2, 2024
01.30.2024
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock... more
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SeedBlink's 4-Year Activity Report: Investors Registered On SeedBlink Platform Allocated EUR342M For Tech Startup Financing
01.23.2024
Investors registered on SeedBlink, a local equity crowdfunding platform that eases investments in European technology startups, allocated a total... more
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Mastercard Opens The Way To Strive EU Innovation Fund To Support Digital Transformation Of European Small Businesses
01.23.2024
Mastercard has opened the application window for its Strive EU Innovation Fund – a new initiative aimed at accelerating the development of... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.