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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Adisam Telecom's 2023 Turnover Skyrockets 921% YoY To RON105M
04.03.2024
Telecom services provider Adisam Telecom saw a boom in turnover and net profit in 2023, in line with finance ministry data. more
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Computer Generated Solutions Romania Seeks 196 People For Its Brasov Center
03.28.2024
Computer Generated Solutions Romania, the largest outsourcing provider in the local market, currently has 196 jobs available for customer service... more
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Bento Proposes Distribution Of RON4.1M Dividends From 2023 Net Profit
03.28.2024
The management of 2B Intelligent Soft (BENTO – Intellectually Curious), a Romanian entrepreneurial company specializing in the development and... more
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Exclusive Networks Romania Appoints Bogdan Ciobanu CEO
03.27.2024
Exclusive Networks Romania, the local subsidiary of the French group by the same name, announces the appointment of Bogdan Mircea Ciobanu to the... more
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RebelDot Ends 2023 With Over EUR11.6M Revenue, Up 40% YoY
03.20.2024
RebelDot, a Cluj-based software development company, ended 2023 with a turnover of over EUR11.6 million, at a group level, up 40% on the year,... more
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Asbis Romania Sees Revenue Up 20% To $61.63M In 2023
03.20.2024
Asbis Romania, the local subsidiary of Cyprus-based ASBIS, a developer and provider of ICT and IoT products, solutions and services for the Europe,... more
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PayPoint Romania Processes Over 100 Million Transactions Worth RON13.6B In 2023
03.20.2024
PayPoint Romania processed more than 100 milion transactions worth a total of RON13.6 billion via its 25,000 partner stores and the 24pay app saw a... more
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Software Developer WE AS WEB Reaches EUR25M Turnover, over 500 Employees at End-2023
03.18.2024
Local software developer WE AS WEB ended 2023 with EUR25 million turnover. 2.5 times higher than in 2022, and profit of around EUR4 million, double... more
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French Arval Group Launches Car Sharing App In Romania
03.15.2024
French Arval Group has launched on the Romanian market a mobile car sharing application exclusively dedicated to companies, which focuses on the... more
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EY: Businesses Favor Gradual Adoption Of GenAI As They Look To Address Knowledge Gaps
03.13.2024
The latest EY Reimagining Industry Futures Study confirms generative AI’s (GenAI) status as a breakthrough technology, with 43% of the 1,405... more
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Optima Group Wants to Open Offices in Italy, Hungary and Bulgaria in 2024, Go to Germany, France, Spain and Austria in 2025
03.06.2024
Romanian-held Optima Group, a developer and provider of software solutions and services, plans to expand its footprint and activity in several... more
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Connections Consult Sees Revenues Soar 200%, Net Profit 162% in 2023 YOY
03.05.2024
Connections Consult, a group of companies specialized in providing software solutions and IT services, reported RON177 million revenues in 2023,... more
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Hungary’s Startup Munch Due to Enter Romania in 1-2 Months
03.05.2024
Hungary’s startup Munch, which has developed a mobile app aiding reduce food waste, will enter Romania’s market in 1-2 months, with Bucharest... more
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Motorola Mobility Aims to Sell 500,000 Smartphones in Romania in 2024, 100,000 More than in 2023
03.04.2024
Motorola Mobility, part of Chinese group Lenovo, plans to reach the threshold of 500,000 smartphones sold in Romania this year, thus maintaining... more
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Life is Hard Sees Consolidated Net Profit Doubling YoY To RON7.2M In 2023
02.29.2024
Life is Hard (LIH.RO), a technology company listed on the AeRo market of the Bucharest Stock Exchange, announced on Feb 29 that the consolidated... more
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Innobyte 2023 Turnover Surges 30% YoY To RON12.57M
02.29.2024
Innobyte, a leading player on the Romanian e-commerce market, ended 2023 with a turnover of RON12.57 million, up 30% on the year, and EBITDA of... more
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iHunt Technology Switches To RON1.2M Loss In 2023 From RON4.5M Net Profit In 2022
02.29.2024
iHunt Technology Import-Export, a supplier and manufacturer of mobile phones and gadgets, has announced net loss of RON1.23 million for 2023,... more
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AROBS Transilvania Software Ends 2023 With 43% Higher Turnover, Of RON428M
02.29.2024
AROBS Transilvania Software (AROBS.RO), the biggest tech company listed on the Bucharest Stock Exchange, reported a consolidated turnover of RON428... more
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Bittnet Systems Seeks To Sell RON15M Worth Of Bonds
02.28.2024
Bittnet Systems (BNET.RO), an IT Group listed on the Bucharest Stock Exchange, has informed investors in a stock market report on Wednesday (Feb... more
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Safetech Innovations Reports RON31.1M Turnover, At An Individual Level, Down 11% YoY
02.27.2024
Cybersecurity company Safetech Innovations (SAFE.RO) reported a turnover of RON31.1 million, at an individual level, down 11% compared to 2022, and... 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.