Technology &Telecoms
Connections Consult Closes Private Placement Of Shares Early; Raises RON10M
Romanian company Connections Consult, specialized in providing software solutions and IT services, closed on July 9 a primary sale offer in the form of a private placement of shares brokered...
Wizrom Software Turnover Grows 3.8% in 2020, to RON28M
Romanian software solution provider Wizrom Software had a turnover of RON28 million in 2020, 3.8% higher on the year, and a net profit of RON2 million, up 18% compared with 2019.
eMAG Gets Syndicated EUR37.55M Loan from Raiffeisen Bank, EBRD for Logistic Park
Raiffeisen Bank and the European Bank for Reconstruction and Development (EBRD) will extend a syndicated loan totaling EUR37.55 million to Romanian retailer eMag, under an agreement signed T...
Bit Soft Raises EUR1.5M In Private Bond Placement
Bit Soft, a company developing and distributing integrated end-to-end solutions for the hospitality industry, has raised EUR1.5 million through a private placement of bonds, maturing in 2025...
Oracle Acquires Romanian Food Ordering Start-up Gloria Food
US giant Oracle has acquired Romanian online food ordering start-up Gloria Food, funded in 2013 by German entrepreneur Oliver Auerbach and Romanian entrepreneur Mihai Anghel.
Erste Group Merges IT Operations into One of Region’s Largest IT Services Companies
Erste Group, the majority shareholder of Romanian lender BCR, said Thursday it was merging its IT companies to create Erste Digital, one of the largest IT services companies in Austria and t...
Simtel Team Starts Trading on Bucharest Capital Market
Shares of Simtel Team (SMTL.RO), a Romanian engineering and technology company, started trading Thursday on the AeRO market of the Bucharest Stock Exchange.
Romania's IT Industry Revenues Grow 2.5% in 2020, Profit Grows 20%, to RON4.8B
Revenues generated by companies in the local IT industry topped RON33 billion in 2020, up 2.5% compared with 2019, an analysis by Termene.ro showed.
Six in Ten Romanians Would Move to Countryside in 1-2 Years, Good Internet Connection a Must
Six in ten Romanian urbanites say that the pandemic influenced or changed their opinion on living at the countryside and 62% could imagine moving to the countryside in the next one or two ye...