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.
-
Ericsson: 5G Technology Adoption In CEE Slower Than In Western Europe And North America
yesterday, 17:50
Adoption of 5G technology in Central and Eastern Europe, a region that includes Romania, is lagging behind developed regions, says the latest... more
-
Bento Reports 19% Higher Net Profit, 67% Surge In Operating Revenues YoY In January-September 2024
11.21.2024
2B Intelligent Soft (BENTO – Intellectually Curious), a Romanian entrepreneurial company that provides software development services and IT... more
-
Amazon Closes Machine Learning Department In Romania
11.20.2024
Amazon is closing its Machine Learning department in Romania, a decision that will affect 400 employees, says marketing, management and business... more
-
AROBS Sees Net Profit Shrink 42% To RON16M In Jan-Sep 2024
11.14.2024
AROBS Transilvania Software (AROBS), the largest technology company listed on the Bucharest Stock Exchange, posted consolidated revenue of RON306.2... more
-
Bitdefender Posts $391.9M Net Revenue In 2023, 16% Higher YoY
11.13.2024
Bitdefender, one of the most successful IT businesses in Romania, which became a global leader on the market of cybersecurity solutions, posted... more
-
Britain’s Vodafone Set to Open Cybersecurity Center in Romania in November
11.13.2024
Vodafone group will open a cybersecurity center in Romania this month serving several European markets, in line with an announcement the British... more
-
Inter Computer Romania Achieves 2024’s EUR3M Revenue Target In Nine Months
11.12.2024
Inter Computer Romania, part of Hungary's Inter Computer Group (IC Group), posted EUR3 million revenue in the first nine months of 2024, achieving... more
-
eMAG Overshoots EUR800M Sales Mark In First 12 Hours Of Black Friday Campaign
11.08.2024
eMAG, the region's largest online retailer, has overshot the RON800 million mark for this year’s Black Friday it had set out to achieve. In fact,... more
-
Vodafone and Digi Agree To Jointly Buy Telekom Romania Mobile from OTE/Deutsche Telekom
10.31.2024
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn:... more
-
Romania IT Industry Grew by 12% in 2023 To EUR5.6B, Sharply Down from 33% Advance in 2022
10.24.2024
Romania IT industry continued to expand in 2023, but the growth rate slowed down dramatically, though it stayed above 10%, reveals a survey... more
-
Local Startup easySales is Present in 5 Countries, Targets EUR1M Revenues at End-2024
10.22.2024
Local startup easySales, which which set up an automated B2B management and e-commerce platform, has expanded to several countries in the region,... more
-
Mobile Industrial Robots Launches Software Platform MiR Fleet Enterprise
10.18.2024
Mobile Industrial Robots (MiR), a pioneer in Autonomous Mobile Robot (AMR), has launched MiR Fleet Enterprise, a platform designed for companies... more
-
Early Game Fund I Backed Startups Reach EUR43M Annual Revenue In 2024
10.15.2024
The companies in which venture capital fund Early Game Ventures invested its first fund, Early Game Fund I, have reached annual revenue of more... more
-
Romanian Startup Aysa.ai Launches Adverlink.net Solution
09.27.2024
Romanian startup Aysa.ai, a search engine optimization software dedicated to the e-commerce industry, has recently launched a new solution, called... more
-
Cybersecurity Startup Pentra Gets EUR150,000 Funding From Early Game Ventures
09.24.2024
Romanian startup Pentra (formerly Pentest Copilot), which was among the finalists of the Innovation Labs 2024 and was selected by Early Game... more
-
IT Company Bento Sees Net Profit Up 106% In H1 2024
09.24.2024
Entrepreneurial company 2B Intelligent Soft (BENTO.RO) posted RON12.1 million net profit in the first half of 2024, an increase of 106% on the... more
-
NN Group And Rubio Impact Ventures Launch Competition For Tech Start-ups Across 11 Countries, Including Romania
09.19.2024
NN Group, a Dutch financial services company operating in the local life insurance and private pension markets, and venture capital fund Rubio... more
-
Vodafone Business Director Mihnea Radulescu To Return To US’ Liberty Global As UPC Slovakia CEO
09.18.2024
Mihnea Radulescu, one of the best known executives in the local telecom industry, who has been running the business unit of Vodafone, will return... more
-
Startup Munch Expands To Iasi
09.17.2024
Hungary-based startup Munch, which provides an application designed to help curb food waste and entered the Romanian market this spring, is... more
-
Local Startup Ogre AI Aims to Step Up Europe Expansion
09.13.2024
Ogre AI, the Romanian-British startup that has developed an AI-based platform for prognoses in the energy field, wants to accelerate expansion in... 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.