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 Systematic Sees Revenue Up 22%, Profit Up 197% In 2023
08.28.2024
Systematic Development Center, a private IT company based in Denmark that develops software and solutions for various customers, including for NATO... more
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Schwarz Global Services 2023 Turnover Up 44% To over RON66.7M
08.28.2024
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants)... more
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Trencadis Budgets 30% Turnover Growth for 2024
08.28.2024
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business... more
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Dedeman Launches IT Project DedeTech
08.26.2024
Dedeman, the largest entrepreneurial business in Romania, is launching an IT project, DedeTech, designed to develop and upgrade the digital... more
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Zitec 2023 Profit Slumps 43% To RON5.6M
08.21.2024
IT and digital marketing services provider Zitec, in which giant online retailer eMAG owns 25%, in 2023 posted an over 40% net profit decline,... more
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WebPros Group By Socialbee, Developer Of An AI Platform For Social Media
08.20.2024
Cluj-Napoca-based start-up SocialBee, which developed an AI platform for managing social media accounts, has been acquired by Luxembourg’s... more
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SoftOne Romania 2023 Turnover Soars 88% To over RON8M
08.19.2024
SoftOne Romania, the local subsidiary of Greek software solutions provider of the same name, reported turnover of RON8.2 million (EUR1.6 million)... more
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Romgaz Implemented Cybersecurity Solution Developed By US Company NS Edge
08.14.2024
Natural gas producer and supplier Romgaz (stock symbol: SNG) has announced a “considerable advance in strengthening the security of Romania’s... more
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Softlead And Network One Distribution Sign Partnership For Digitalization Of Companies
08.13.2024
Softlead, a marketplace-type platform that helps companies choose the right software solution, has signed a partnership with Network One... more
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Infineon Technologies Pre-Leases 20,000 Sqm Office Building In Bucharest
08.13.2024
Germany’s Infineon Technologies has pre-let a 20,000 square meter office building to be developed by One United Properties in the Pipera area in... more
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Printec Sees Revenue And Profit Shrink In 2023
08.13.2024
Printec Group Romania, one of the largest providers of payment solutions for the banking industry in Romania, posted RON105.6 million (EUR21.2... more
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Digi Becomes Majority Owner Of West Network Invest, SPV Used In Attempt To Buy Telekom Romania Mobile
08.12.2024
Romanian-held communications group Digi (RCS&RDS, DIGI.RO), the leading actor on the fixed internet and cable TV market with a share of 70% of the... more
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IT&C Integrator Mida Soft almost Doubles Turnover in 2023 To RON193M
08.09.2024
IT&C distribution company Mida Soft Business, also a provider of integrated IT&C services, in 2023 registered turnover worth RON192.9 million... more
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OPPO Romania: Local Smartphone Sales to Stall at 3.5-3.6 Million Units
08.09.2024
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 or... more
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ITGlobers Seeks to Hire IT Specialists for New Bucharest Office
08.09.2024
ITGlobers, specializing in technological services and solutions for the implementation and optimization of e-commerce platforms, development of... more
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Telekom Mobile Romania Switches to Losses in Q2
08.08.2024
Telekom Romania Mobile, a mobile telephone company owned by Greece’s OTE group and Germany’s Deutsche Telekom, registered new revenue and... more
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Honor Technologies 2023 Turnover Soars 249% To RON259M
08.08.2024
Honor Technologies Romania SRL, the entity held locally by Honor, a Chinese producer of smartphones, tablets and other gadgets, for 2023 reported a... more
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Tech Company Cegeka Wants to Expand in Romania
08.08.2024
Tech company Cegeka Romania, the local subsidiary of Belgian IT group of the same name, plans to expand its footprint and product portfolio locally... more
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Edenred’s Romania Tech Hub Reaches 300 Employees in 5 Years
08.07.2024
Edenred Digital Center, the technology hub of Edenred group in Romania, has reached over 300 employees since its launch in Romania. more
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Orange Romania Expands 5G/5G+ Mobile Network To Botosani; Set To Continue Infrastructure Expansion
08.06.2024
Orange Romania, the leader of the local telecom market, has announced the expansion of its 5G/5G+ mobile network to the town of Botosani. more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania 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
moreFiscal 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
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania 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.