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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SafeTech Innovations Wins National Cybersecurity Directorate Contract
07.23.2024
Cybersecurity company SafeTech Innovations (SAFE.RO) on Tuesday notified the Bucharest Stock Exchange of having been awarded a significant contract... more
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Deloitte Launches AI And Data Accelerator Program With Amazon Web Services
07.23.2024
Deloitte closed a global multi-year strategic collaboration agreement with Amazon Web Services (AWS) to support companies around the world scale... more
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Bittnet Group’s Dataware Consulting Authorized To Participate In Building 5G Networks
07.22.2024
Dataware Consulting, part of the Bittnet Group, has received authorization to participate in the construction of 5G networks. more
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Early Game Ventures Provides EUR1M Fund To AI Startup CogniSync
07.22.2024
Venture capital firm Early Game Ventures (EGV) has invested EUR1 million in AI startup CogniSync, which develops software technology that helps... more
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Euro Testing Software Solutions Ends 2023 With Over RON28.1M Turnover, Up 12% YoY
07.18.2024
Romanian company Euro Testing Software Solutions, a privately-owned software company specialized in Full-Service Software Testing, Penetration... more
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Romanian Startup .lumen Announces EUR5M Funding Round
07.17.2024
Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, has opened a EUR5 million funding round,... more
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TotalSoft Switched To Loss In 2023, Its Turnover Stagnated At RON145M
07.17.2024
TotalSoft, one of the largest software developers in Romania, reported losses of RON652,000 (EUR0.13 million) for 2023, compared to net gain of... more
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Accounting Tech Startup Keez Sees Revenue Up 62% To Over RON13M In 2023
07.15.2024
Digital Keez SRL, the accounting tech startup held by Norway’s Visma, posted significant increase in revenue, by 62% to RON13.2 milion (EUR2.6... more
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Konica Minolta Business Solutions Romania Sees 2023 Turnover Rise 7% To over EUR35.7M
07.11.2024
Konica Minolta Business Solutions Romania, a major player on the printing systems market and a supplier of IT solutions and services, ended 2023... more
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Arobs Raises EUR29M Via Capital Increase
07.10.2024
Arobs Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange has announced successful completion... more
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Romanian Startup Telerenta Expands to Poland
07.10.2024
Romanian tech startup Telerenta, which operates the only electronic equipment rental platform in Southeast Europe aimed at home users, and, since... more
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New Resources for SEE Tech Startups: Bulgaria’s BrightCap Ventures Launches Second, EUR60M Fund
07.10.2024
BrightCap Ventures, a venture capital fund headquartered in Sofia, has has completed the first close of its new fund targeting €60m. more
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ING Hubs Romania Revenue Up To Almost RON700M In 2023
07.09.2024
ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services,... more
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UiPath Reports RON2.8B Turnover In Romania In 2023, Up 25% YoY
07.09.2024
UiPath, the most successful product in the Romanian IT industry and the first Romanian IT company listed on Wall Street, has reported at Romania's... more
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Cognizant Romania Recruits over 100 IT Specialists
07.05.2024
IT company Cognizant Romania is recruiting over 100 IT experts, beside the more than 100 persons hired since the start of the year. more
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Phonetastic GSM Revenue And Profit Shrink In 2023
07.05.2024
Phonetastic GSM a local distributor of smartphones, gadgets and other IT&C equipment, posted RON200.3 million (EUR40.3 million) revenue last year,... more
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BMW Expects IT And Software Hub In Cluj-Napoca To Grow To 1,000 Employees In A Few Years
07.05.2024
Germany’s BMW Group expects its new IT and software it opened in Cluj-Napoca together with Japan’s NTT Data Group to reach 1,000 employees in... more
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Top Five Video Game Developers Ni Romania See Over RON1B Revenue In 2023
07.03.2024
Video game development industry in Romania has been dominated by multinationals for many years, as the top actors are still Electronic Arts (US),... more
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Adobe Revenue And Profit Up Again In Romania In 2023
07.02.2024
Adobe Systems Romania, the local subsidiary of the US group by the same name, one of the largest software businesses in the world, posted RON444... more
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Brazil’s Stefanini Boosts Romania Profit by 67% in 2023 To RON13.5M
07.02.2024
Stefanini Romania, the local subsidiary of Brazilian supplier of IT solutions and services, in 2023 saw its net profit rise by 67%, to RON13.5... 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.