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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evoMAG No Longer Buying Elefant Online
11.13.2023
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange, notified its shareholders on Monday evening that it dropped plans... more
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Bittnet Group's Revenue Up 150% YoY To RON283M In Jan-Sept 2023
11.11.2023
Bittnet Group (BNET.RO), the first Romanian group of IT companies listed on the main market of the Bucharest Stock, saw its revenue surging 150%,... more
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Life is Hard Ends First 9 Months Of 2023 With RON5M Net Profit, Up 130% YoY
11.10.2023
Life is Hard (LIH.RO), a technology company listed on the AeRo market of the Bucharest Stock Exchange, ended the first nine months of 2023 with a... more
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Telekom Romania Mobile Sees Revenue And Profit Down In Q3
11.09.2023
Telekom Romania Mobile’s total revenue shrank 7.4% to EUR71.1 million in the third quarter of 2023 compared with the year-ago period, while... more
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Bonapp.eco Hits EUR50,000 Total Handled Sales, 200,000 App Downloads
11.09.2023
Local startup bonapp.eco, a Romanian startup that sells discounted food approaching the expiration date, at end-September reached intermediated... more
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Porsche Engineering Romania Concludes Cooperation Agreement With Politehnica University Of Timisoara
11.09.2023
Porsche Engineering, a wholly-owned subsidiary of Porsche and a technology service provider, has signed a cooperation agreement with Politehnica... more
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Bittnet Systems Unveils Primary Public Offering Of RON10M Worth Of Corporate Bonds
11.07.2023
IT group Bittnet Systems (BNET.RO) has informed the capital market of the decision made by its Board of Directors regarding a primary public... more
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Flip Eyes 30% Increase In 2023 Black Friday Sales, To Over EUR3.5M
11.07.2023
Flip, the Romanian start-up that encourages circular economy by refurbishing phones and tablets that are reintroduced on the market as good as new,... more
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Survey: 90% Of Consumers Seek GenAI Regulation
11.06.2023
A new global survey called “GenAI: What consumers want” shows there is consumer appetite for businesses using generative AI (GenAI) in the... more
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Vodafone Romania Sees Business Return to Growth
11.06.2023
Vodafone, a major player on Romania’s IT&C market, is starting to see the transformation plan launched several years ago bear fruit: revenues are... more
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SafeTech Innovations Signs RON4M Contract
11.01.2023
Cybersecurity company SafeTech Innovations (SAFE.RO) has signed a significant contract that exceeds 10% of its total revenue in the last annual... more
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OVES Enterprise Launches Security Platform For Drone Networks IXXERA
10.30.2023
OVES Enterprise, a Romanian software development company, launches IXXERA, a security platform for drone networks ensuring the safeguarding of... more
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Software Group IPS Solutions Buys Significant Stake In IT Solutions Provider Avaelgo
10.27.2023
Avaelgo, an IT solutions provider based in Timisoara and one of the locally relevant partners of Microsoft, has received a "significant strategic... more
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Orange Romania Reports EUR384M Revenue For Q3/2023, Down 4.7% YoY
10.25.2023
Orange Romania, one of the leading players on the local telecom market, registered revenue of EUR384 million for the third quarter of 2023, down... more
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Dualstore.ro Invests Over EUR1M In Its Own Brand Products
10.23.2023
The online phone and gadget store DualStore.ro, launched in Baia Mare in 2007, has invested more than one million euros in expanding its own-brand... more
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Analysis: Cloud Service Spending Up Nearly 30% In 2023 vs 2021
10.23.2023
End-user spending on cloud services has grown approximately 30% in 2023 compared to 2021, globally, despite a diverse range of offerings, as per an... more
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Technology Company HTEC Opens Engineering Center In Cluj
10.20.2023
HTEC Group, a global technology services, consulting and software company based in San Francisco, on Friday announced inauguration of a center of... more
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Banca Transilvania's Tech Company, Code Crafters, Continues To Expand Its Portfolio Of Banking Industry Solutions
10.19.2023
Code Crafters, the technology company of Banca Transilvania Financial Group, continues to expand its portfolio of solutions used in the banking... more
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Medialine Relocates Its Headquarters To One Cotroceni Park
10.18.2023
Real estate developer One United Properties has announced the conclusion of an eight-year lease contract for the relocation of IT company Medialine... more
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IT Employees Consider Changing Jobs For Higher Salaries To Cover Income Decline Triggered By Govt's New Tax Measures
10.13.2023
Employees in the IT sector are considering looking for new jobs in order to mitigate the financial impact of the government's latest tax measures,... 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.