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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Tema Energy Expects Slight Growth In Revenue To EUR13M In 2023
05.10.2023
Romanian-held Tema Energy, a supplier of technology specializing in building data centers on its own, from design to delivery, installation,... more
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Safetech Innovations Triples Net Profit in 1Q/2023 To RON1.2M
05.10.2023
Safetech Innovations, a Romanian cybersecurity company listed at the Bucharest Stock Exchange, reported individual turnover worth RON6 million in... more
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Alpha Bank In Talks To Buy Orange Money IFN Romania
05.09.2023
Alpha Bank, one of the ten largest banks in Romania, is in talks with telecommunications group Orange over buying Orange Money IFN Romania,... more
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CANCOM SE Acquires Austria's K-Businesscom-Group, Including Its Romanian Subsidiary
05.08.2023
CANCOM SE, one of the leading integrated IT services providers in Germany, has acquired Austria's K-Businesscom-Group, including its Romanian... more
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Tamura Corporation Officially Announces Investment In Battery Plant In Fetesti; Initial Investment At EUR6M
05.08.2023
Tamura Corporation, one of the largest manufacturers of electronic components in Japan, has officially announced the establishment of a subsidiary... more
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Orange Romania Expands Its 5G Network To City Of Oradea
05.08.2023
Orange Romania, the leader of the Romanian telecom market, has expanded its 5G network to the western city of Oradea, the company said in a statement. more
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Alexandru Stoinea To Run ASBIS Romania Operations As Of May 2023
05.03.2023
Alexandru Stoinea will be running the operations of ASBIS Romania, the local subsidiary of Cyprus-based IT product distributor ASBIS, starting May... more
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Tech Startup Pluria Raises $2M Funding Led by Eleven Ventures
05.03.2023
Tech startup Pluria, launched in September 2020 in Romania and Spain by entrepreneur Andrei Cretu, cofounder of 7card network, now present in ten... more
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ABN Systems International Reports RON7.8M Net Profit For 2022, Down 19% Vs 2021
05.03.2023
ABN Systems International (ABN.RO), which distributes IT&C products and accessories and owns the Tellur brand, ended 2022 with a net profit of... more
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Analysis: Romania's IT Industry Employees Hesitant About Changing Their Current Job
05.02.2023
Employees in Romania's IT industry are restrained in the decision to change their current job (almost one in three is not considering leaving their... more
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Chromosome Dynamics' 2022 Net Profit Surges 33.4% To RON1.3M, Turnover More Than Doubles To RON10M
04.28.2023
Chromosome Dynamics (CHRD.RO), a developer of IT & AI solutions for the agribusiness sector, recorded a net profit of RON1.3 million in 2022, up... more
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Stefanini Group Names Natalia Chiritescu Digital Solution Center Director For EMEA
04.27.2023
Stefanini Group, a global tech multinational that assists customers in their digital transformation, has recruited Romanian Natalia Chiritescu, a... more
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AROBS Transilvania Software Buys Cluj-Napoca-Based FWF Group
04.26.2023
Arobs Transilvania Software, the biggest technology company listed on the Bucharest Stock Exchange, has entirely taken over Future WorkForce Global... more
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SoftOne Romania Envisages More “Aggressive” Development Locally
04.26.2023
SoftOne Romania, the local subsidiary of Greek software solution provider of the same name, has in view a more aggressive development on the local... more
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Law Firm Filip & Company Assisted Digi Group in EUR500M Senior Loan Facility Agreement
04.25.2023
Law firm Filip & Company assisted RCS & RDS S.A., part of the Digi group, in the signing of a senior loan facility agreement that consists of a... more
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Deloitte: Global Semiconductor Companies Will Spend US $300 Million On Artificial Intelligence In 2023
04.25.2023
The world’s largest semiconductor companies will spend US $300 million in 2023 on artificial intelligence-based solutions dedicated to chip... more
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RCS&RDS Borrows EUR500 Million from Banks for Debt Refinancing, Working Expenditure and Investments
04.24.2023
Telecommunications operator Digi (DIGI.RO) on Monday night notified the Bucharest Stock Exchange that its RCS&RDS subsidiary signed an agreement... more
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Data Center Developer Tema Energy Sees Growth of 47% in Revenue to EUR12.7M in 2022
04.24.2023
Tema Energy, a technology provider specializing in construction of data centers, going from design to delivery, installation, start-up and... more
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Vodafone Romania Reports RON4.7B Turnover in 2022, Up 2.3% YOY
04.24.2023
Vodafone Romania SA, the main entity the British telecom group owns on the local market, in 2022 registered RON4.695 billion turnover, up 2.3% on... more
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Motorola Mobility Sees Significant Growth in Romania in 2022
04.19.2023
Motorola Mobility, part of China’s Lenovo Group, has constantly grown in Romania in the last few years, reaching 300,000 phone activations... 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.