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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Google Opens Laboratory Within Politehnica University of Bucharest
05.26.2023
US company Google has announced the opening of a Google Lab at the Faculty of Automatic Control and Computer Science within the Politehnica... more
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Bittnet Systems To Carry Out Public Offer For Sale Of RON5.2M Corporate Bonds Btw May 30 And June 21, 2023
05.26.2023
Bittnet Systems (BNET.RO), a group of IT companies listed on the main market of the Bucharest Stock, will be carrying out a public offer for the... more
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UniCredit and Mastercard Expand Payments Partnership To 13 UniCredit Subsidiaries In 12 Markets, Including Romania
05.26.2023
UniCredit and Mastercard have announced on Friday (May 26) the global expansion of their payments partnership through an agreement that targets 13... more
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iHunt 1Q/2023 Profit Plunges 95%
05.26.2023
iHunt Technology Import-Export, a supplier and manufacturer of mobile phones and gadgets, reported a net RON52,512 net result for 1Q/2023, 94.6%... more
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Report: Over Half Of EU Firms Took Steps To Improve Digital Presence
05.25.2023
The COVID-19 crisis prompted a surge in the digitalization efforts of EU firms, with more than half (53%) of EU firms taking steps in 2022 to... more
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Software Developer Amdaris Romania Posts 95% Growth In Revenue To EUR7.8M In 2022
05.24.2023
Amdaris Romania, which provides software development services, dedicated support for web products and strategic consultancy, ended 2022 with about... more
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Flip.ro Pays EUR4.8M To Romanians Selling Their Phones Via The Online Platform In First Four Months Of 2023
05.24.2023
Flip.ro, a Romanian startup founded in 2019 that encourages circular economy by refurbishing mobile phones that are reintroduced on the market as... more
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eBay Officially Starts Campaign To Attract Romanian SMEs To Its Marketplace
05.23.2023
US-held eBay, one of the largest actors in online commerce in the world, has started a campaign to draw the Romanian small and medium-sized... more
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Julien Ducarroz And Liudmila Climoc Trade Places As CEOs Of Orange Romania And Orange Poland In September
05.23.2023
Julien Ducarroz, chief executive officer of Orange Poland since 2020, will trade places with Orange Romania CEO Liudmila Climoc in September. more
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Software Developer RebelDot Buys steepsoft AI
05.23.2023
rebelDot, a Cluj-Napoca-based software developer, has taken over the majority stake in steepsoft AI, a Romanian company specializing in the... more
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Bittnet’s Dendrio Solutions Takes Out Loan From ProCredit Bank To Buy Dataware Consulting
05.19.2023
Bittnet Systems (BNET.RO), the first Romanian IT group listed on the Bucharest Stock Exchange, notified investors of having taken out a RON10... more
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Law Firm Bpv Grigorescu Stefanica Advised Softelligence In Takeover By Encora
05.19.2023
Law firm bpv Grigorescu Stefanica advised the shareholders of Romanian company Softelligence, a provider of software engineering services, on its... more
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Ferrari Buys Bitdefender Cybersecurity Solution
05.18.2023
Automaker Ferrari, including its Formula 1 team, has decided to get a cybersecurity solution developed by Bitdefender, one of the most powerful IT... more
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LIFE IS HARD Ends Q1/2023 With 14% Higher Turnover, Of RON6.8M
05.18.2023
Software solutions provider LIFE IS HARD (LIH.RO), listed on the AeRO market of the Bucharest Stock Exchange, reported a turnover of RON6.8 million... more
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Romania Telecom Market Slides 1% in 2022 To RON16.9B
05.18.2023
Romania’s telecom services market dropped by 1% to RON16.9 billion in 2022, in line with data aggregated by market regulator ANCOM. more
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Arctic Stream's Net Profit Surges 146% YoY To RON2.2M In Q1/2023
05.17.2023
Arctic Stream (AST.RO), an IT infrastructure and security integrator, reported a net profit of RON2.2 million for the first quarter of 2023, up... more
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Report: Digital Revolution Expected To Lead To Loss Of 14 Million Jobs In Next Four Years,
05.17.2023
A report by the World Economic Forum shows that although 69 million jobs will be created until 2027, 83 million jobs will be lost, resulting in a... more
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US Group Encora Buys Romania’s Tech and Consulting Firm Softelligence
05.16.2023
US group Encora, a global tech services supplier, has signed an agreement to acquire Softelligence, a Romanian business software solutions provider... more
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Bittnet Group Reports Consolidated Revenue Of RON54M For Q1/2023, Up 63% YoY
05.15.2023
Bittnet Group (BNET.RO), the first Romanian group of IT companies listed on the main market of the Bucharest Stock, ended the first quarter of 2023... more
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Cegeka Romania's 2022 Turnover Grows 30% YoY To EUR47M
05.15.2023
Cegeka Romania, the local subsidiary of Belgian IT group of the same name, had a turnover of EUR47 million at the end of 2022 fiscal year, up 30%... 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.