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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Orange Set To Gradually Phase Out 3G Technology Starting June 2024
01.22.2024
Orange Romania announces plans to gradually phase out the 3G network starting June 2024, which will allow the company to concentrate its efforts on... more
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Samsung Romania: Premium Smartphone Segment Set to Top EUR1B for First Time in 2024
01.18.2024
The premium segment of Romania’s smartphone market, including phones with prices of above EUR600, will this year go beyond the EUR1 billion... more
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Bittnet’s Dendrio Solutions Signs RON253M With Two Other Companies For Network Equipment Supply
01.17.2024
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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Telekom Romania Mobile Expands 5G Network To Ramnicu-Valcea And Surrounding Areas
01.16.2024
Telekom Romania Mobile, ranked fourth on the local mobile telecom market and held by OTE (Greece) and Deustche Telekom (Germany), has announced... 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.