Technology &Telecoms
Cellphone Wholesaler World Comm Trading Revenue Down 27% in 2019
Cellphone and accessory wholesaler World Comm Trading Gfz posted 213.5 million lei (some EUR45 million) sales last year, down 27% on 2018, Finance Ministry data show.
Software Company Life is Hard Boosts Share Capital By RON600,000 To RON3M
Cluj-based software company Life is Hard (LIH.RO) has increased its share capital by RON600,000, from RON2.4 million to RON3 million, per stock market data.
Altex Group Acquires Despec for EUR2M
Electronics retailer Altex has completed its acquisition of Despec, one of the largest wholesalers of IT&C products in Romania, in a transaction of over EUR2 million.
Online Education Boosts Sales Of Laptops, Computer Tablets By Nearly 30%
Sales of laptops and computer tablets grew approximately 30%, with parents getting ready for the online education, according to retailers in the IT sector.
Photo and Video Equipment Retailer F64 Expects to End Year Flat
Romania’s largest photo and video equipment retailer F64 set out to end 2020 with about the same revenue as last year, 111 million lei, after having budgeted growth of 20% at the beginning o...
Orange Remains Top Profit Maker in IT&Communications Industry in 2019
Orange, the leader of the local telecommunications market, was the top profit maker in the entire IT and communications industry of Romania in 2019, posting 384 million lei profit, double as...
Software Solutions Provider Life is Hard Gets RON1M Loan From BCR For Product Development
Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, has contracted a loan of RON1 million from Banca Comerciala Romana (BCR), with a view to developi...
Top Five Software Companies in Romania Post RON3.2B Revenue in 2019
The five largest software companies in Romania posted 3.2 billion lei (EUR668 million) revenue together in 2019, an increase of 13% on the previous year and RON319 million net profit, ZF has...
Bitdefender 2019 Turnover Grows 23% YoY To RON671M
IT security solutions provider Bitdefender, one of the best known Romanian tech brands worldwide and the largest local software developer, held by the entrepreneurial family Florin and Mariu...