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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Techbolide Signs with Sweden’s Vastint to Relocate Headquarters to Business Garden Bucharest Project from Orhideea yesterday, 10:51
Techbolide, a developer of software solutions and IoT technologies, is relocating its central headquarters to office compound Business Garden... more
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Statistics Board: 88.6% Of Romanian Households Have Internet Access At Home In 2024 12.09.2024
The share of households in Romania that had access to internet at home reached 88.6% of the total in 2024, up 2.9 percentage points compared to... more
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Romania National House of Public Pensions Inks RON109.9M Contract for New Integrated Information System with JV Btwn AROBS Systems and WING LEADING EDGE 12.09.2024
Romania’s National House of Public Pensions has signed a RON109.9 million contract, VAT not included, for a new integrated information system,... more
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Oracle Romania Takes Over Local Subsidiary of US Cerner 12.09.2024
The local arm of US giant Oracle has taken over the local subsidiary of US company Cerner, a developer of software for the health industry, which... more
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Dubai’s Growdash Taps into Romanian Market 12.09.2024
Startup Growdash of Dubai, specializing in business intelligence solutions for restaurants, has invested EUR300,000 this year on the local market,... more
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Underline Ventures Has $13M Available To Invest in Tech Startups 12.09.2024
Venture capital fund Underline Ventures has $13 million left for investment in tech startups, both in Romania and on other markets, said Bogdan... more
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Romanian Tech Company Thinslices Relocates Its HQ To The IT Hub Within Palas Mixed-Use Complex 12.04.2024
Thinslices, a tech company established in Iasi, with operations in Berlin, Lisbon and London, has relocated its headquarters to the United Business... more
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Russia’s Kaspersky Decides To Close Romanian Company After 16 Years 11.29.2024
Russian cybersecurity solutions provider Kaspersky decided on September 1 to close its company in Romania, which it had established 16 years... more
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Optima Group Becomes Optima Technology, Set To Speed Up International Expansion In European Markets For 2025 11.27.2024
Optima Group, a global leader in technology solutions and inventory services for fixed assets and stock, has undergone a rebranding process as... more
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Ericsson: 5G Technology Adoption In CEE Slower Than In Western Europe And North America 11.26.2024
Adoption of 5G technology in Central and Eastern Europe, a region that includes Romania, is lagging behind developed regions, says the latest... more
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Bento Reports 19% Higher Net Profit, 67% Surge In Operating Revenues YoY In January-September 2024
11.21.2024
2B Intelligent Soft (BENTO – Intellectually Curious), a Romanian entrepreneurial company that provides software development services and IT... more
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Amazon Closes Machine Learning Department In Romania 11.20.2024
Amazon is closing its Machine Learning department in Romania, a decision that will affect 400 employees, says marketing, management and business... more
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AROBS Sees Net Profit Shrink 42% To RON16M In Jan-Sep 2024 11.14.2024
AROBS Transilvania Software (AROBS), the largest technology company listed on the Bucharest Stock Exchange, posted consolidated revenue of RON306.2... more
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Bitdefender Posts $391.9M Net Revenue In 2023, 16% Higher YoY 11.13.2024
Bitdefender, one of the most successful IT businesses in Romania, which became a global leader on the market of cybersecurity solutions, posted... more
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Britain’s Vodafone Set to Open Cybersecurity Center in Romania in November 11.13.2024
Vodafone group will open a cybersecurity center in Romania this month serving several European markets, in line with an announcement the British... more
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Inter Computer Romania Achieves 2024’s EUR3M Revenue Target In Nine Months 11.12.2024
Inter Computer Romania, part of Hungary's Inter Computer Group (IC Group), posted EUR3 million revenue in the first nine months of 2024, achieving... more
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eMAG Overshoots EUR800M Sales Mark In First 12 Hours Of Black Friday Campaign 11.08.2024
eMAG, the region's largest online retailer, has overshot the RON800 million mark for this year’s Black Friday it had set out to achieve. In fact,... more
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Vodafone and Digi Agree To Jointly Buy Telekom Romania Mobile from OTE/Deutsche Telekom 10.31.2024
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn:... more
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Romania IT Industry Grew by 12% in 2023 To EUR5.6B, Sharply Down from 33% Advance in 2022 10.24.2024
Romania IT industry continued to expand in 2023, but the growth rate slowed down dramatically, though it stayed above 10%, reveals a survey... more
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Local Startup easySales is Present in 5 Countries, Targets EUR1M Revenues at End-2024 10.22.2024
Local startup easySales, which which set up an automated B2B management and e-commerce platform, has expanded to several countries in the region,... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
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More than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
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Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
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Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
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The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
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The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
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Romania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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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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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.