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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Online IT Job Platform Joberty Starts Operating In Romania today, 18:28
Joberty, an online IT job platform that connects employers and candidates in a transparent eco-system, has officially started to operate in Romania... more
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DRUID And Transilvania Leasing & Credit Implement AI Solution today, 13:30
DRUID and Transilvania Leasing & Credit, one of the most experienced Romanian players on the local credit market, announced the implementation of a... more
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GTS Telecom Sees 2021 Turnover Rise by 48% YOY to EUR42M today, 10:14
GTS Telecom, a provider of communication services focused on the corporate market, in 2021 posted 48% higher turnover. more
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Safetech Innovations Reports 40% Higher Net Profit For 1Q/2022 yesterday, 19:27
Romanian cybersecurity company SafeTech Innovations (SAFE.RO) on Monday said it registered a net profit of RON0.4 million in the first quarter of... more
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Cyscale Raises EUR3M In SEED Funding Round Run By Notion Capital 05.19.2022
Cyscale, software developer of data protection solutions and applications in the cloud, has obtained a EUR3 million SEED funding which will be used... more
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Romanian Software Development Company Softbinator Technologies Opens Office In Sillicon Valley 05.19.2022
Romanian software development company Softbinator Technologies (CODE.RO) has leased a permanent space in the U.S., in Silicon Valley, which will... more
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SenseTask Raises EUR215,000 Seed Funding To Scale Up Smart Document Processing Solution 05.17.2022
Local startup firm SenseTask, which developed a cloud artificial intelligence (AI)-based platform for document processing, has raised a seed... more
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OVES Enterprise: Only 5% Of Finalized Digitization Projects Implemented In Public Sector Are Actually Used 05.17.2022
Only 5% of digitization projects completed, with application in the Romanian public sector, are actually used and continue to be developed and to... more
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Accenture Opens New $1.5M Office in Cluj 05.16.2022
Management consulting and outsourcing company Accenture, which has over 4,000 employees in Romania, has opened a new office in Cluj, in the wage of... more
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Life is Hard Reports Net Profit Of RON338,000 In 1Q/2022, Up 39.6% YoY 05.13.2022
Software solutions provider LIFE IS HARD (LIH.RO), listed on the AeRO market of the Bucharest Stock Exchange, ended the first quarter of 2022 with... more
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EY Tech Horizon 2022: Business Leaders Step Up Technology Investment 05.13.2022
More than half of business leaders (53%) identified data and analytics as their top investment priority to build their transformation strategy over... more
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Arctic Stream’s Net Profit Doubles YoY To RON900,000 In 1Q/2022 Due To Higher Revenue 05.13.2022
Romanian-held company Arctic Stream (AST.RO), an integrator of IT infrastructure and security, ended the first quarter of 2022 with a net profit of... more
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Softbinator Leases 1,000 Sqm Of Office Space In Bucharest's Opera Center One Building 05.12.2022
Softbinator Technologies, a Romanian software developer specializing in designing, developing and launching innovative products on the market, has... more
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GambIT Digital Moves To Globalworth Square Building
05.11.2022
Fintech consulting services company GambIT Digital is relocating its offices to the Globalworth Square building after signing a lease contract for... more
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Safetech Innovations Shareholders Appoint Board Of Directors 05.10.2022
Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, on Tuesday announced the... more
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Romania’s Arxia Wants to Boost Headcount by At Least 50% in 2022 05.10.2022
Romanian-held Arxia, a company with 20-year expertise in the creation of IT solutions and digitalization consulting, plans to double its number of... more
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Clever++ Concludes Partnership With Digital Marketing Agency Gun Media 05.09.2022
Cluj-based Clever++, which developed ecommerce platforms Magento and Shopware, has concluded a partnership with digital marketing agency Gun Media... more
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Romanian Cegeka Subsidiary Ends 2021 with 18% Growth in Revenue 05.09.2022
The Romanian subsidiary of the European IT group Cegeka ended 2021 with growth of 18% in revenue and expects growth of 28% for 2021. It also plans... more
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Huawei Extends Lease For Office Space In Bucharest’s Globalworth Tower 05.09.2022
Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, extends its lease contract... more
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Local Startup SenseTask To Be Listed On Seedblink Platform 05.09.2022
Local startup firm SenseTask, which developed a smart platform for document processing, will be listed on the Seedblink equity crowdfunding... 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?