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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Austria’s Kontron Buys Altimate In EUR12M Deal
09.20.2023
Austria’s Kontron Group has bought a piece of the former UTI empire – one of the groups that used to be a key player in the area of IT and... more
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EY: Digital Households Not Planning To Cut Spending On Digital Home Products And Services
09.20.2023
Less than one in five digital households (16%) have reduced or plan to reduce their spending on home broadband, mobile connectivity or streaming,... more
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AB Systems Sees EUR2.7M Revenue In H1, Expects EUR5.6M In 2023
09.19.2023
Cluj-based AB Systems, which specializes in making RFID and barcode tags, posted more than EUR2.7 million revenue in the first half and the... more
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Refurbished Phone Marketplace Flip Expands To Greece
09.19.2023
Flip Technologies, a Romanian startup which operates as a marketplace for refurbished smartphones, has expanded operations to Greece, after having... more
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Fortech, a GlobalLogic Company Acquires the business of Eminus Software. The acquisition further expands GlobalLogic growth and presence in Romania
09.19.2023
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HCLTech 2022 Turnover Up 98% To over EUR35M
09.19.2023
HCLTech, a provider of consulting and IT services, saw turnover go up by over 98% at the end of 2022, to over EUR35.8 million (RON177.9 million). more
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Irish-American Fintech Stripe Opens IT Center in Bucharest
09.19.2023
Stripe, an Irish-American fintech valued at $50 million that has globally developed an infrastructure allowing companies to accept payments by card... more
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Dataware Consulting, Part Of Bittnet Group, Signs RON7M Contract With Public Sector Client
09.19.2023
IT group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock... more
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EY Launch Artificial Intelligence Platform EY.ai Following US$1.4B Investment
09.18.2023
The global EY organization announces the launch of EY.ai, a unifying platform that brings together human capabilities and artificial intelligence... more
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Uni Systems Becomes Main Services Provider For European Union Agency for Cybersecurity
09.18.2023
Uni Systems, a strategic partner in the field of information technology and communications for financial institutions, public institutions and... more
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Alfa Software Aims to Boost Turnover by 30% in 2023
09.18.2023
Cluj-Napoca-based Alfa Software, specialized in the development and implementation of business software solutions, plans to increase its turnover... more
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AROBS Transilvania Software Shares Transferred From AeRO Market To Main Market On September 25
09.15.2023
AROBS Transilvania Software, a company present on the Romanian capital market since 2021, will start trading on the Main Market of the Bucharest... more
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Orange Romania Expands 5G/5G+ Network To Galati
09.15.2023
Orange Romania, the leader of the local telecom market, has expanded its 5G/5G+ network to Galati, the company said in a release. more
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Bento Concludes USD4M Contract With Multinational Oil&Gas Company
09.15.2023
2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the... more
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Arctic Stream Turnover Skyrockets 125% YoY To RON62M In H1/2023
09.15.2023
Arctic Stream (AST.RO), an IT infrastructure and security integrator, ended the first half of 2023 with a turnover of RON62 million, up 125% on the... more
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certSIGN’s Remote Qualified Electronic Signature Service Is Integrated Into Adobe Acrobat Sign Platform
09.14.2023
certSIGN, a Romanian IT&C company and a leading producer of cryptographic solutions in Romania, announces the integration of Paperless, its remote... more
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Romanian Tech Startup Druid AI Secures $30M Funding
09.12.2023
Druid AI, a startup developing AI-powered intelligent virtual assistants for companies, established by a team led by entrepreneur Liviu Dragan in... more
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Visual Fan Announces RON2M Net Profit And RON44.9M Turnover For H1/2023
09.12.2023
Electronics devices producer Visual Fan (ALW.RO), which owns the Allview brand, ended the first six months of 2023 with a consolidated net profit... more
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Alfa Software Reports 44% Higher Turnover For H1/2023, Of RON8.4M
09.12.2023
Alfa Software, a provider of IT systems for companies, ended the first half of 2023 with a turnover of RON8.4 million, up 44% from the same period... more
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Connections Consult's Net Profit Skyrockets 273% YoY To RON3.6M In H1/2023
09.12.2023
Connections Consult, a group of companies specialized in providing software solutions and IT services, ended the first half of 2023 with a net... 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.