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.
-
FintechOS Ends 2023 with 40% Revenue Growth, Below Expectations
02.07.2024
FintechOS, one of the best-known tech startups launched locally, a tech provider for banks, insurers, lending institutions and financial services... more
-
Trencadis Ends 2023 with over EUR33M Turnover, Up 39%, EUR1.2M Net Profit, 53% Higher Vs 2022
02.05.2024
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business... more
-
New Issue Of Bittnet System Bonds Starts Trading On Bucharest Stock Exchange On Feb 2
02.02.2024
Bittnet Systems (ticker symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), is listing a new... more
-
Bittnet’s Dendrio Solutions Signs RON67M Contract For Provision Of Integrated Monitoring Solutions
02.01.2024
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
-
Agile Networks Technologies And Salesforce Become ALRO's Partners To Increase Sales Digitalization
02.01.2024
Agile Networks Technologies, provider of IT solutions for digitizing sales processes, together with Salesforce, a global leader in CRM (Customer... more
-
Deloitte: Global Gen AI Enterprise Spending To Surge By 30% In 2024
01.31.2024
Enterprise spending on generative Artificial Intelligence (Gen AI) will grow by 30% in 2024, from an estimated US$16 billion in 2023, according to... 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.