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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Romanian Startup easySales Attracts New Funding, Hits EUR1.1M Overall Investments
03.24.2023
Local startup easySales, which has set up an automated B2B management and e-commerce platform, has attracted new funding from Fortech Investments,... more
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Study: Romania Ranks Last Among EU Countries By Online Learning
03.23.2023
Romania ranks last among European Union (EU) countries regarding online learning, considering that only 8% of Romanians said they used the Internet... more
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Startup Hyperhuman Secures EUR200,000 Grant From EEA And Norway Grants
03.22.2023
Startup company Hyperhuman, which developed a platform of customized fitness trainings using the artificial intelligence (AI) technology, has... more
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ABN Systems International Expects Call Center Market to Grow by 15% in Romania in 2023
03.22.2023
ABN Systems International (ABN.RO), which distributes IT&C products and accessories and owns the Tellur brand, estimates the call center market in... more
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Footprints AI Budgets EUR1M for Investments in 2023
03.22.2023
Footprints AI, a company established in 2017, which developed a media retail platform enabling offline retailers to find potential new customers... more
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TotalSoft Overshoots 600-Employee Mark in Romania
03.22.2023
TotalSoft, a major software producer in Romania, went beyond the 600-full time employee threshold last year, after having recruited over 100... more
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Coface Technologies Seeks To Expand Romanian Team In Next Four Years
03.21.2023
Software development hub Coface Technologies plans to grow its team of IT specialists to 200 members over the next four years. more
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Stefanini, in Talks to Acquire Third Startup in Romania
03.21.2023
Brazil’s IT services provider Stefanini IT Solutions is in talks to acquire another startup in Romania after having taken over a cybersecurity... more
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Softelligence Ends 2022 with 33% Growth in Revenue to EUR18.5M
03.20.2023
Romanian technology and consulting company Softelligence, which develops and implements digital transformation solutions in finance-banking and... more
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SAP Romania Reaches 810 Employees
03.20.2023
SAP Romania, the local subsidiary of the German software solutions producer of the same name, has reached a team of 810 employees working in its... more
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Arctic Stream Signs $1.55M Contract
03.17.2023
Arctic Stream (AST.RO), an IT infrastructure and security integrator, notified shareholders about signing a $1.55 million contract, the amount of... more
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Cardiomed Medical Center In Targu Mures Buys From Siemens Healthineers World’s First Photon-Counting CT Scanner
03.15.2023
Cardiomed Medical Center in Targu Mures, specialized in cardiovascular disease diagnosis and treatment, has purchased from Siemens Healthineers the... more
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SmartBill Integrates Smart Accounts in Platform
03.15.2023
SmartBill, the main invoicing and management solution for SMEs in Romania, has integrated Smart Accounts service in its platform, via a partnership... more
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Orange Romania Gets Involved In Six Horizon Europe Research Projects
03.14.2023
Orange Romania is taking important steps for the global standardization of 5G technology, the sustainable development of mobile networks, ensuring... more
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Britain’s Endava Expands Further in Romania
03.14.2023
British software company is cementing its foothold in Romania and opening a new office in Craiova, on an around 500-sqm area. more
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Arobs Transilvania Wants to Reach Unicorn Capitalization in Coming Years
03.14.2023
Arobs Transilvania Software, the biggest tech company present on the Bucharest Stock Exchange, aims to reach a unicorn-level market value in the... more
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Net Communications Systems Eyes 30% Turnover, Of EUR1.5M Turnover, In 2023
03.13.2023
Net Communications Systems, an IT company established in 2022, the first pandemic year, ended 2022 with a turnover of EUR1.2 million, up over 70%... more
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R Systems Europe Ends 2022 With EUR22.79M Turnover, Up 33% YoY; Targets 70-80 New Experts In Romania
03.13.2023
R Systems Europe, a global company specialized in digital transformation services and present across over 15 countries, had a turnover of EUR22.79... more
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SeedBlink Launches Secondary Market Whereby Startup Investors Can Get Faster Access To Liquidity
03.09.2023
Technology startup investment platform SeedBlink is launching the Secondary Market through which individual investors in technology startups can... more
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Iasi-Based Software Developer SABS Set to Expand Further
03.09.2023
Iasi-based SABS, specialized in software development, which started 2023 by opening an office in Bucharest, wants to continue expansion plans and... more

The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal 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
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.