Technology &Telecoms
Around 95% of Outsourcing Companies Plan Hybrid Working Model after Pandemic
Around 95% of the companies in the outsourcing industry in Romania will implement a hybrid working system after the pandemic and 55% of industry employees will work 8-12 days a month from th...
Tech Mahindra Extends Office Space in Vox Technology Park Timisoara
IT giant Tech Mahindra, present in Romania since 2019, has extended its office space in Vox Technology Park Timisoara by an additional 1,500 square meters, reaching a total office area of 2,...
FintechOS Raises $60M in Series B Financing Round to Fuel Global Expansion
FintechOS, global technology provider for banks, insurers and other financial services companies, announced Tuesday it has raised $60 million (EUR51 million) in Series B funding.
IT&C Product Distributor ASBIS Romania Revenue Up 29% to EUR45M in 2020
ASBIS Romania, the local subsidiary of Cyprus-based IT product distributor ASBIS, ended 2020 with EUR45.85 million revenue, an increase of 29% on the previous year, fueled by the greater dem...
Vivre Deco Raises EUR7M in Corporate Bond Sale
Online furniture and home decor retailer Vivre Deco has raised EUR7 million selling corporate bonds via private placement brokered by TradeVille.
Ascendis Buys into .lumen, a Start-Up Developing Glasses for the Blind
Ascendis, the leader of the local training and organizational development consultancy market, said Thursday it has invested in .lumen, a local start-up that designs, develops and produces sy...
Amazon Development Center Revenue Rises 40% to RON443M in 2020
Amazon Development Center, part of US-held Amazon, the largest online retailer in the world, with offices in Bucharest, Iasi and Timisoara, ended 2020 with more than RON443 million (some EUR...
Forte Partners Unveils Digital Solution For Office Building Resources Management
Forte Partners, one of Romania’s most active real estate developers, held by Jabra and Geo Margescu brothers, is launching on the market a digital solution for the management of office build...
Online Retailer Vexio Aims for 25% Growth in Sales to EUR25M in 2021
Romanian-held Vexio, an online retailer of consumer goods, computer and electronics products, home and garden products and school supplies, expects a 25% increase in sales to EUR25 million t...