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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Digi Posts EUR731M Revenue and EUR30.5M Net Profit in H1 08.12.2022
Telecom operator Digi Communications (DIGI.RO) recorded total revenue of EUR731.1 million in the first half of 2022, up 20% compared with the... more
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Romanian Startup Parol Raises EUR450,000 In Pre-Seed Funding Round 08.11.2022
Romanian startup Parol, which is developing an end-to-end technology that helps doctors and medical clinics provide better care to patients, saving... more
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Cyber Security Company SafeTech Starts Share Buyback Program 08.09.2022
Cyber security company SafeTech Innovations (SAFE.RO) has notified the market of the start of the program to buy back its own shares held between... more
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Ministry Of Research, Innovation And Digitalization Unveils EUR36M Aid Scheme For SMEs To Train IT Staff 08.09.2022
The Romanian Ministry of Research, Innovation and Digitalization has announced the launch of a call to support small and medium-sized enterprises... more
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SAP Romania Hits EUR96M Turnover in 2021, Up 10% YOY 08.09.2022
SAP Romania, the local subsidiary of Germany’s business software solutions developer of the same name, ended 2021 with turnover worth above... more
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Microsoft Romania 2021 Turnover Up 20% To RON558.9M 08.05.2022
Microsoft Romania turnover in 2021 climbed by 20% to RON558.9 million (EUR113.5 million), while the company’s net profit reached RON42 million,... more
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Telekom Romania Mobile Reports Higher Revenues, Profit and Client Numbers in 2Q/2022 08.05.2022
Telekom Romania Mobile, the former Cosmote, the fourth largest company on Romania’s mobile telephony market, a company controlled by Deutsche... more
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Bitdefender 2021 Net Profit, Highest in Company’s History, At RON217M 08.05.2022
Bitdefender, one of the most powerful software companies created in Romania, which became a global leader on the market of cybersecurity solutions... more
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Bittnet Group Consolidates Its Entire Cybersecurity Activity Under Same Identity -FORT 08.04.2022
Bittnet (BNET.RO), a group of IT companies listed on the main market of the Bucharest Stock Exchange, has consolidated its entire cybersecurity... more
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AROBS Transilvania Launches AROBS Engineering Arm 08.03.2022
AROBS Transilvania Software, the largest tech company listed on the Bucharest Stock Exchange, is launching the AROBS Engineering unit, officially... more
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Emerson Overshoots RON1B Turnover Mark In 2021 In Romania 08.02.2022
Global technology and software company Emerson, part of US-based Emerson, reported a turnover of RON1,080 billion (EUR219.6 million) for 2021 in... more
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EC’s 2022 DESI: Romania, Not Well Integrated Into Digital World 08.01.2022
With a score of 30.6 points, Romania lags behind all other EU Member States, according to the European Commission's 2022 Digital Economy and... more
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Ubisoft Romania Seeks to Hire Over 250 People 08.01.2022
Ubisoft Romania, a major video game developer on the local gaming market, with around 2,000 employees in the two offices of Bucharest and Craiova,... more
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Orange Romania Group Reports Consolidated Turnover Of EUR766M For 1H/2022, Up 44% YoY 07.28.2022
Orange Romania Group had a consolidated turnover of EUR766 million in the first half of 2022, up 44% from EUR532 million in the same period of... more
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Pentalog Romania 2021 Net Profit Rises 6% To over EUR3M 07.28.2022
Pentalog Romania, a French-owned provider of software development and consultancy services, present in Romania for over two decades, in 2021 saw... more
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Germany's IT Services Provider adesso Opens Unit In Bucharest 07.27.2022
Germany's IT services provider adesso continues its expansion process in Europe by establishing a branch in Romania's capital city of Bucharest. more
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Bento Draws RON25M from EU Funds to Develop Platform Automating Corporate Processes 07.22.2022
Bento Intellectually Curious, a Romanian entrepreneurial company founded in 2004 and specialized in developing and implementing software solutions... more
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Group of Romanian and English Investors Set to Invest EUR50,000 Via Growceanu Platform in British Firm T-DAB.AI to Develop AI Platform 07.21.2022
A group of Romanian and English investors is set to invest EUR50,000 via BA platform Growceanu in T-DAB.AI, a Deep Tech British company, in a... more
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Cisco Reports 3% Lower 2021 Turnover in Romania 07.21.2022
Cisco Systems Romania, the local subsidiary of the US giant of the same name, reported turnover worth RON69 million (EUR14 million) in 2021, down... more
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SII Romania Turnover Up 48% in Fiscal Year April 2021-March 2022 To EUR19M 07.20.2022
SII Romania, specialized in IT services and solutions, ended fiscal year April 2021-March 2022 with EUR19 million turnover, up 48% from the... more
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
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The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
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One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
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House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
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Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
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Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?