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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Romanian Startup Ogre AI Wants to Raise Overall EUR2M Funding Round
12.13.2023
Local startup Ogre AI, which has developed an AI platform dedicated to utilities market players, aims to raise an overall funding round of around... more
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Visual Fan Branches Out Into Electric Cars
12.12.2023
Visual Fan (ALW.RO), the company behind the Allview brand, has entered the electric car market with the CityZEN model, a vehicle designed to be... more
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Deloitte: Six Out Of Ten Marketing Leaders Used Artificial Intelligence In Their Activities Over The Last Year
12.12.2023
Despite the recent emergence of artificial intelligence (AI) in the marketing landscape, a Chief Marketing Officer (CMO) Survey conducted by Duke... more
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Digi Spain Subsidiary Buys Spectrum Licenses from Xfera Moviles for EUR140M
12.12.2023
Telecom operator Digi has sealed a contract for the acquisition of spectrum licenses for the private use of the radioelectric public domain related... more
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Star Storage Files For Insolvency To Restructure Debt Accumulated During Pandemic
12.12.2023
Star Storage, a provider of cloud services and IT infrastructure, document digitization and automation, has announced it filed for insolvency in... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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.