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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Technology Company HTEC Opens Engineering Center In Cluj
10.20.2023
HTEC Group, a global technology services, consulting and software company based in San Francisco, on Friday announced inauguration of a center of... more
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Banca Transilvania's Tech Company, Code Crafters, Continues To Expand Its Portfolio Of Banking Industry Solutions
10.19.2023
Code Crafters, the technology company of Banca Transilvania Financial Group, continues to expand its portfolio of solutions used in the banking... more
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Medialine Relocates Its Headquarters To One Cotroceni Park
10.18.2023
Real estate developer One United Properties has announced the conclusion of an eight-year lease contract for the relocation of IT company Medialine... more
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IT Employees Consider Changing Jobs For Higher Salaries To Cover Income Decline Triggered By Govt's New Tax Measures
10.13.2023
Employees in the IT sector are considering looking for new jobs in order to mitigate the financial impact of the government's latest tax measures,... more
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Digi Communications Completes First Optical Fiber Investment in Spain
10.11.2023
Digi Spain, the Spanish subsidiary of telecom operator Digi, and investment company abrdn have finalized the first optical fiber network investment... more
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Vodafone And Orange Make First 4G Calls In Romania Over Shared Pilot Network, Using Open RAN Technology
10.09.2023
Vodafone and Orange have achieved a significant milestone by successfully conducting a pilot project involving real 4G calls over shared commercial... more
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IT Group Arobs Transilvania Software Appoints Gabriela Mechea As Integration Director
10.05.2023
The management of AROBS Transilvania Software (AROBS.RO) has informed the capital market in a report released on October 5, 2023 about the... more
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Softone Group, With Operations In Romania, Invests In Greek Firm Specialized In Consulting Services And ESG Solutions
10.04.2023
Softone Group, present on the local market through its subsidiary SoftOne Romania, announces a strategic investment in Global Sustain, the main... more
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Electrica Furnizare Partners Up With Finqware For Financial Process Automation Solutions
10.03.2023
Electrica Furnizare has announced the signing of a partnership with the Romanian fintech Finqware for accessing the services offered by the... more
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Irish-American Fintech Stripe Leases 1,000 Sqm Of Office Space In Bucharest's One Cotroceni Park
10.03.2023
Irish-American fintech Stripe has signed a lease contract for 1,000 square meters of office space in the co-working space The One within... more
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Delivery Platform Tazz Seeks To Boost Number Of App Downloads From 2.8M To 3.4M
09.29.2023
Delivery platform Tazz seeks to boost the number of its app downloads to 3.4 million in the coming year, amid development plans. more
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OVES Enterprise Diversifies Its Business Lines, Invests Over EUR500,000 In Production Of Drones
09.29.2023
OVES Enterprise, a Romanian software development company from Cluj-Napoca, is diversifying its business lines and announces investments of over... more
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ABN Systems International Reports Lower Turnover And Net Profit For H1/2023 Vs Year-Earlier Period
09.27.2023
ABN Systems International (ABN.RO), which distributes IT&C products and accessories and owns the Tellur brand, had a net profit of RON693,000 in... more
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Former ZF Journalist Andreea Magraon Moves From Bolt To Sezamo
09.27.2023
Andreea Magraon, who started her career as a Ziarul Financiar journalist and then served as marketing manager for Trust communications agency,... more
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Refurbished Phone Marketplace Flip Officially Announces Its Expansion To Greece
09.27.2023
Flip Technologies, a Romanian startup which operates as a marketplace for refurbished smartphones, officially announces that it has entered the... more
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Association: Romania Has Potential To Become One Of Most Digitalized Countries In The Region
09.26.2023
Romania has the potential to become one of the most digitalized countries in the region, given that 50 percent of villages can become smart by... more
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Zitamine Nutrition Raises EUR350,000 For Development
09.26.2023
Local startup Zitamine Nutrition, which developed an algorithm to personalize food supplements for each individual separately, has raised... more
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SeedBlink Launches “Community Stars”, an Initiative Dedicated to Early-Stage Start-Ups
09.26.2023
SeedBlink, the financing and equity management platform for European tech start-ups, launches "Community Stars" - an initiative dedicated to... more
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Bittnet Systems Set To Revoke BDO Auditor, Continue With Lionlink Audit Until End-2023
09.25.2023
Bittnet Systems (BNET.RO), an IT&C solutions integrator and provider of training services in the IT sector, said in a stock market report on Monday... more
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US Sound Systems Maker Sonos Opens Store In Bucharest
09.25.2023
US premium sound system maker Sonos chose northern Bucharest to open its first store in Romania at the end of last week, as part a plan to expand... 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.