Technology &Telecoms
Polish Retailer ANSWEAR: Online Fashion Market Up Some 50% In Romania In 2019
Online sales of apparel, footwear and fashion accessories in Romania went up 50% last year, according to the estimates of ANSWEAR.ro, the local subsidiary of the Polish group by the same nam...
Digi Communications Raises EUR850M On Global Capital Markets
Digi Communications (DIGI.RO), the owner of cable TV service provider RCS & RDS, on Thursday informed the market and its investors that on January 29, 2020, RCS&RDS has successfully priced t...
Dropping Income Tax Exemption for IT Employees Would Translate into RON1B State Budget Revenue a Year
Prime Minister Ludovic Orban continues to say that dropping the income tax exemption some IT employees currently get is a good thing and that equal fiscal treatment for all citizens and comp...
RCS&RDS Launches EUR800M Secured Notes to Refinance Debt
Digi Communications (DIGI.RO) said Monday RCS&RDS has launched an offering of up to EUR800 million in aggregate principal amount of its senior secured notes due 2025 and 2028, seeking to ref...
Andrei Pitis, IT Investor: UiPath Has Already Made 100 Romanian Millionaires
The IT startup ecosystem is booming in Romania, which will become even clearer in the years to come as more and more private equity firms enter the market and the generations of entrepreneur...
RCS&RDS Boss: We’ve Caught Up with Romtelecom Or Even Overtaken It in Terms of Network Size in 25 Years
Cable TV service provider RCS&RDS Digi, the leading actor on the local fixed Internet and cable TV markets with a share of more than 50%, has developed an infrastructure equal or greater to...
Visma Acquires Majority Stake in Romanian Fintech Company SmartBill
Norwegian group Visma, valued at over EUR8 billion, has acquired a majority stake in Romania-based Intelligent IT SRL, whose key product SmartBill has a strong focus on automation and user e...
Endava Leases 12,500 Sqm in Forte Partners' U-Center Office Project
UK software and IT services provider Endava has leased 12,500 square meters of office space in the U Center office project developed by Forte Partners in the Tineretului area in downtown Buc...
FintechOS: We Expect EUR50M To EUR100M Funding Round Next Year
Startup FintechOS, which specializes in development of digital transformation solutions for the financial industry, expects EUR50 million to EUR100 million funding next year to support its g...