Technology &Telecoms
Altex Invests EUR1M in Remodeling Two Stores in Bucharest and Brasov
Altex, Romania's leading electronics retailer, said Wednesday it has invested over EUR1 million in remodeling and upgrading two stores, in line with its expansion and modernization plan that...
Simple Capital Buys 10% of DIP Software
Investment vehicle Simple Capital is investing in fintech solutions startup DIP Software by acquiring 10% of the startup's shares, seeking to accelerate its global development.
2Performant Eyes 26% Higher Turnover, Of Over RON25M, End-2021; Preps Share Capital Increase
Romanian technology company 2Performant Network (2P.RO), listed on the AeRO market of the Bucharest Stock Exchange, under the ticker symbol 2P, targets a turnover of RON25.58 million at the...
Visual Fan Raises RON15.5M From Investors In Oversubscribed Offer Closed Early
Brasov-based Visual Fan, which produces electronic devices under the brand Allview, has raised RON15.5 million from investors through an offer oversubscribed six times and closed early by br...
UiPath CEO and Co-Founder Daniel Dines Becomes Richest Romanian
Daniel Dines, 49, CEO, co-founder and shareholder of UiPath, is the richest man in Romania, ranking at number 464 on the Forbes list with an estimated net worth of more than $6 billion.
Orange Romania Turnover Grows 2.5% in 1Q, to EUR264M
Telecom operator Orange Romania on Thursday reported a turnover of EUR264 million for the first quarter of 2021, 2.5% higher compared with the same period last year.
PayU: Romanian Online Fashion Market to Top $1B by Year-End
The online fashion market in Romania will exceed the $1 billion threshold by the end of 2021, according to a report by PayU, the fintech and e-payments business of Prosus.
Altex Opens EUR3M Store in Husi, Eastern Romania
Romania's leading electronics retailer Altex continues expansion and opens a new store in Husi, Vaslui county, eastern Romania, on Thursday, following an investment of EUR3 million.
UiPath IPO Raises $1.34B, Company Valued at Nearly $30B
UiPath, the most valuable company to emerge from the Romanian IT industry, has raised over $1.3 billion in an initial public offering ahead of its listing on the New York Stock Exchange on W...