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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Update: Seller In eMAG/HeyBlu – Orange Money IFN SA Deal Is Orange Romania
01.31.2025
eMAG and its financial services subsidiary HeyBlu have acquired Orange Money IFN SA from telecommunications group Orange Romania and the main... more
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Oves Enterprise Set to Invest EUR3M in 2025
01.28.2025
Oves Enterprise, a software producer of Cluj-Napoca, has earmarked EUR3 million for investments in 2025, to improve the Nemesis AI platform and... more
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Romanian Startup Examin Raises EUR200,000 In Pre-Seed Funding
01.23.2025
Examin, a Romanian startup specializing in AI-powered automation and video analysis, has raised EUR200,000 in pre-seed funding from a private... more
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Ascendia Signs RON14.9M Contract To Supply LIVRESQ Licenses To Private Educational Sector Customer
01.22.2025
Ascendia (ASC.RO), a developer of e-learning solutions for various fields, such as corporate training, healthcare and entertainment, on Wednesday... more
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TechAngels Members Invested Almost EUR3.8M Or 25% More In Tech Startups In 2024
01.22.2025
Business angel network TechAngels, the largest group of private technology investors in Romania, ended 2024 with total investments of EUR3.777... more
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VAUNT Sees 74% Growth In 2024
01.21.2025
Romanian start-up VAUNT, which developed a platform that helps real estate developers with their sales and marketing processes, ended 2024 with 73... more
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Deloitte: 7 In 10 Global Leaders Boost Investment In Generative AI
01.21.2025
Generative AI (Gen AI) adoption has reached a key phase, with seven out of ten respondents (67%) that participated to the latest edition of... more
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.lumen Completes EUR5M Investment Round
01.21.2025
Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, founded by Cornel Amariei, has finalized a... more
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Softeh Plus Relocates Headquarters To Timpuri Noi Square
01.21.2025
Softeh Plus, a leading medical software system developer in Romania, is moving its headquarters to Timpuri Noi Square, an office project developed... more
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Google Aims to Grow Bucharest Team
01.21.2025
US tech giant Google currently has several jobs available at its Bucharest tech center, particularly related to mobile technology and wearable... more
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CEC Bank Selects Swiss Banking Software Firm Temenos To Modernize Its Core Banking Systems
01.16.2025
Romanian state-owned lender CEC Bank has selected Swiss-based banking software specialist Temenos to streamline its retail and corporate core... more
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EXE Software Sees 18% Growth In 2024, Almost Double The Estimates
01.09.2025
EXE Software, a Romanian bespoke software development company, saw business growth in 2024 almost double the 10% target set at the beginning of the... more
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Softbinator Technologies Signs RON3M Contract With Silicon Valley Firm
01.09.2025
Softbinator Technologies (stock symbol: CODE), a Romanian provider of full software development services (product management, product design,... more
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AROBS Starts Merger By Absorption Of Three Companies Acquired In Last Three Years
12.19.2024
AROBS Transilvania Software (AROBS.RO). the largest technology company listed on the Bucharest Stock Exchange, has started the project of merger by... more
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EY Survey Reveals Crucial AI Literacy Training Needs Among Gen Z Workforce
12.18.2024
By 2030, Gen Z will be a key driver of the Artificial Intelligence (AI) future, comprising 30% of global workforce, but Gen Z's over-confidence in... more
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Romanian Medtech Startup Medicai Sees Revenues Double in Past Year
12.13.2024
Romania medtech startup Medicai has seen its revenues double in the past year and plans to focus on expansion on the US market in 2025. more
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Techbolide Signs with Sweden’s Vastint to Relocate Headquarters to Business Garden Bucharest Project from Orhideea
12.10.2024
Techbolide, a developer of software solutions and IoT technologies, is relocating its central headquarters to office compound Business Garden... more
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Statistics Board: 88.6% Of Romanian Households Have Internet Access At Home In 2024
12.09.2024
The share of households in Romania that had access to internet at home reached 88.6% of the total in 2024, up 2.9 percentage points compared to... more
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Romania National House of Public Pensions Inks RON109.9M Contract for New Integrated Information System with JV Btwn AROBS Systems and WING LEADING EDGE
12.09.2024
Romania’s National House of Public Pensions has signed a RON109.9 million contract, VAT not included, for a new integrated information system,... more
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Oracle Romania Takes Over Local Subsidiary of US Cerner
12.09.2024
The local arm of US giant Oracle has taken over the local subsidiary of US company Cerner, a developer of software for the health industry, which... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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
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.