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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Software Developer RebelDot Unveils Investment Division For Tech Startups 06.09.2022
Software developer RebelDot has launched Rebel Ventures, an investment mechanism for tech startups that will manage the company’s strategy of... more
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Startup Profluo Raises EUR500,000 In Seed Funding Round 06.09.2022
Startup firm Profluo, which builds machine learning technology for the automatic processing of accounting documents, has attracted a EUR500,000... more
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Glovo Puts Iustinian Beghir in Charge of Its Romanian Operations 06.08.2022
Glovo, a leading player in the express delivery industry, has appointed Iustinian Belghir to the role of General Manager for its Romanian... more
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Video Games Developer Amber Expands to Poland 06.08.2022
Romanian video game developer Amber has continued to expand and has opened a new office in Warsaw, Poland, its officials said. The new office will... more
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ING Hubs Romania Bets on Over EUR100M Turnover in 2022 06.08.2022
ING Tech Romania, the software development hub of financial-banking group ING, which has recently changed its name to ING Hubs Romania, has... more
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T-Systems International Opens Digital Hub In Romania 06.07.2022
T-Systems International sets off the opening of a Digital Hub in Romania with the support of Combridge and DTSE Romania, offering more than 100 jobs. more
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Startup Vatis Tech Seeks To Raise New Investment In Fall Of 2022 For International Expansion 06.07.2022
Romanian startup firm Vatis Tech, which developed a speech recognition platform for audio-video content processing, is preparing for a second... more
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Growceanu Wants to Raise EUR300,000 Via Platform It Operates 06.07.2022
Business angels investment platform Growceanu aims to raise EUR300,000 in an investment round set to unfold exclusively on the Growceanu platform... more
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Softbinator Technologies Takes Over Espresoh Tech of Timisoara for $600,000 06.07.2022
Softbinator Technologies, a Romanian software company founded by Daniel Ilinca, is taking over Timisoara-based Espresoh Tech in a bid to expand its... more
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Telekom Romania Communications Back into the Red in 2021 06.06.2022
Telekom Romania Communications, the former fixed telephony monopoly Romtelecom, returned to net losses and posted lower revenue in 2021, the year... more
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Orange Ends 2021 with Almost RON600M Net Profit in Romania 06.06.2022
Romania’s telecom market leader Orange saw its net profit grow almost six times faster than its revenue in 2021, data on the Finance Ministry... more
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Survey: Over Half Of Romanians Prefer Digital Payments 06.03.2022
Global survey “Attitudes towards payment methods”, commissioned by eService and other EVO Group entities, shows that almost six in ten... more
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ABIT Puresoft And Efecte Partner Up For Service Management Platform On Romanian Market 06.02.2022
ABIT Puresoft and Efecte have concluded an official partnership in Romania whereby a Service Management and Identity and Access Management Platform... more
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Ericsson’s Services Center In Bucharest Reaches 2,100 Employees In 15 Years 05.31.2022
Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators, has reached in 15 years more... more
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Smart ID Dynamics Buys Integrated Software Solutions Provider Spectrum 05.31.2022
Smart ID Dynamics, a provider of software and hardware solutions has fully acquired Brasov-based provider of integrated software solutions... more
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Cyberattacks, Increasingly Visible In Romania 05.30.2022
Cyber-attacks have reached an unprecedented level and the global phenomenon is becoming more and more visible in Romania. more
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Romanian Entrepreneur Eugen Saulea Launches DANTEM On Romanian Market 05.27.2022
Romanian entrepreneur Eugen Saulea has announced the launch of DANTEM on the Romanian market, which he will develop alongside Czech businessman... more
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Amber Seeks To Hire 100 More Specialists At Its New Head Office In Botosani 05.27.2022
Romanian video game developer Amber has relocated its more than 120 employees in Botosani to a new head office and plans to increase its Amber... more
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Greece’s Entersoft Becomes Majority Stakeholder in BitSoftware Romania 05.27.2022
Greek company Entersoft, a major player on the business software solutions markets of Greece and southeastern Europe, has acquired the majority... more
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AROBS Transilvania Software Posts 33% Growth in Revenue to RON52.6M in Q1 05.27.2022
Technology company AROBS Transilvania Software, listed on the AeRO segment of the Bucharest Stock Exchange as AROBS, posted revenue of RON52.6... 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?