Technology &Telecoms
Medtech Startup Xvision Raises EUR1M In New Funding Round
Romanian startup XVision, the medical platform based on artificial intelligence algorithms, gets EUR1 million in a round of seed funding, with the contribution of bValue as Lead Investor and...
iHunt Completes Capital Increase Early, Raises RON4.46M
iHunt Technology Import Export (HUNT.RO), a Ploiesti-based supplier and manufacturer of cell phones and gadgets, announced on the Bucharest Stock Exchange the completion of the share offer t...
Romanian Elrond Network Acquires Portugal’s Cryptocurrency Payment Processor Utrust
Romanian blockchain start-up Elrond Network has acquired Portugal-based cryptocurrency payments firm Utrust as part of a plan aimed at expanding its foothold across Europe and the type of se...
Visual Fan Eyes At Least 25% Profit Growth After Buying Majority Stake In Intervision Trading
Visual Fan (ALW.RO), owner of the Allview brand, has received favorable approval from Romania’s Competition Council to become majority associate, with an ownership stake of 51%, in the compa...
ABN Systems International Raises RON5.5M from Investors
ABN Systems International, an entrepreneurial company that distributes IT&C products and accessories and owns the Tellur brand, has raised RON5.5 million from investors through an IPO, the f...
Publicis Groupe Acquires Romanian Software Company Tremend
France’s multinational, multifaceted, marketing and communications giant Publicis Group has acquired Bucharest-based Tremend, one of the largest independent software engineering companies in...
Oppo Sees Smartphone Sales Triple in Romania at End-2021 from January 2021
China-held Oppo, one of the world’s biggest players on the smartphone market, which officially entered Romania in mid-2020, at the end of 2021 saw its sales triple against the first month of...
Digi Exits Hungarian Market After 23 Years for EUR625M
Telecommunications operator Digi Communications (DIGI.RO) on Monday evening announced completion of the sale of operations in Hungary for EUR625 million.
Softelligence 2021 Turnover Hits EUR13.6M, Up 20% YOY
Romanian business software solutions provider Softelligence in 2021 reached EUR13.6 million turnover, 20% higher than in the previous year.