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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Digi Set To Launch Services In Belgium This Summer
05.17.2024
Telecommunications operator Digi (DIGI.RO) has opened its central office in Belgium, in Brussels, and is thus preparing the enter the Belgian... more
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ProVision Software Boasts Highest Profit in 27-History in 2023: RON18M
05.16.2024
ProVision Software, the largest IT security solutions distributor locally, for 2023 reported the largest net profit in its 27-year history. more
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Gameloft Closes Cluj Studio After 14 Years
05.16.2024
Video game publisher and developer Gameloft Romania has announced the closure of its studio in Cluj, which employs 136 people. The Cluj studio... more
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Digi Communications To Be Included In MSCI Frontier Markets Index
05.15.2024
The shares of telecommunications operator Digi (DIGI.RO) will be included in the structure of the MSCI Frontier Markets Index, following the... more
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AROBS Makes RON11.7M Net Profit, RON105M Revenue In Q1
05.14.2024
AROBS Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange, posted RON105 million consolidated... more
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Digi Borrows EUR117M From Citibank Europe For Development In Romania And Spain
05.14.2024
Telecommunications operator Digi (DIGI.RO) on Tuesday evening notified the Bucharest Stock Exchange about its subsidiary RCS&RDS having taken out a... more
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Amber Studio Forgoes EUR2.8M State Aid To Create 120 Jobs In Botosani And Craiova
05.11.2024
Amber Studio, a local video game developer with $45 million revenue in 2022, has decided to waive EUR2.7 million in state aid that came with an... more
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Romania Approves EUR94M Financing Scheme To Help Telecom Operators Develop Fiber Optic Or 5G Networks
05.09.2024
Romania's Prime Minister Marcel Ciolacu has announced on May 9 that the government approved a financing scheme of nearly EUR100 million, using... more
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Early Game Ventures Launches Second Investment Fund
05.09.2024
Early Game Ventures on April 25 finalized the necessary documents for the official launch of its second investment fund, with a total value of... more
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Axes Software 2023 Turnover Up 12% YoY To Nearly RON10M In 2023
05.09.2024
Romanian company Axes Software, specialized in developing software solutions for the logistics sector for over 18 years, ended 2023 with a turnover... more
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US Company PDQ Pays Over EUR20M To Acquire Romania's CODA Intelligence
05.09.2024
American company PDQ, which provides management solutions for active software, has paid over EUR20 million to acquire the entire package of shares... more
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Eviden Romania Opens First Cloud and Cybersecurity Center, CloudSecOps Center, in Romania
05.08.2024
Eviden Romania, part of French group Atos, a major IT&C integrator in Europe, announces the launch of CloudSecOps Center in Timisoara, Romania. more
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Smart ID Dynamics Sees 2023 Turnover Drop 10%, Net Profit Shrink 18% YOY
05.08.2024
Software and hardware provider Smart ID Dynamics in 2023 registered an annual 10% turnover decline, to RON103.6 million (EUR20.8 million). more
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Enterprise Investors Wants to Invest in IT and Financial Firms in Romania
05.08.2024
Enterprise Investors, the oldest private equity firm in the region, plans to invest on the Romanian market on the IT segment, targeting both IT... more
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Star Storage Ends 2023 with over RON4M Losses, RON33M Turnover
05.02.2024
Star Storage, one of the best-known local IT companies, which entered insolvency this January with total debts of RON52 million, in 2023 registered... more
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Orange Promotes Adela Guedon, Replaces Her With Carl Al Khawand As CFO Of Orange Romania
04.29.2024
Orange, the telecom market leader in Romania, has announced appointment of Carl Al Khawand chief financial officer (CFO) of the Orange Romania... more
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SoftOne Group Eyes Nationwide Expansion
04.29.2024
SoftOne group, a leading business software provider in Greece and SE Europe, which operates in Romania via SoftOne Romania, wants to expand... more
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SD Worx Bets On Romania Growing Faster Than Group, By 20% In Coming Years
04.26.2024
The market for payroll and human capital management solutions in Romania is going digital fast, creating significant growth potential for Romanian... more
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OVES Enterprise: Investing In Innovation And New Product Development May Lead To 30% Growth In Romanian IT Industry In 2024
04.25.2024
The deadlock in the Romanian IT market, characterized by layoffs, project suspensions, and the current political-economic context could end this... more
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Startup nPloy Expands Job Ad Offering With Over 1,000 Fully Remote Jobs From Over 100 Global Tech Companies
04.25.2024
CEE startup nPloy, which developed an online job ad platform and launched in Romania early in 2023, has expanded its job ad offering with... 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.