Technology &Telecoms
Altex Leaves eMAG Platform Citing High Commissions
Electronics retailer Altex is leaving the marketplace platform of online retailer eMAG after a year and a half citing high commissions, Altex said in a press release Monday.
DB Global Technology Raises Share Capital to Fund Local Development
DB Global Technology, Deutsche Bank's tech center in Bucharest, is raising its share capital by EUR14.6 million to fund the further development of the business locally.
Vodafone/UPC CEO: We Should Be Careful Not to Go from One Extreme to the Other with Telecom Market Consolidation
A reduction in the number of actors on the telecom market in Romania could lead to the creation of stable groups of companies that will have the comfort of investing long-term in the costly...
Top 30 IT&C Employers Had Almost 70,000 Employees and RON30.2B Revenue in 2018
Cable TV provider RCS&RDS, the subsidiaries of US giants Oracle and IBM, the fixed service company of the Telekom group and eMAG, the largest online retailer in Romania, had the highest aver...
Digi Communications Posts EUR368M Revenue for Romanian Operations in 1H
Digi Communications (DIGI.RO), the third largest player on the cable market in Europe, on Wednesday reported 18% growth in revenues for the first six months, to EUR575.2 million, of which EU...
Top 30 Loss-Makers In IT&C Sector RON1.36B In The Red In 2018
The 30 worst net losses posted by IT&C companies in 2018 stood at 1.36 billion lei (EUR292 million), with telecoms leading the way into the red, ZF has found from the companies’ filings with...
Vertiv Relocates Cluj-Napoca HQ to Advancity Business Center
US hardware and software producer Vertiv has relocated its headquarters in Cluj-Napoca after renting 4,500 sqm in the Advancity Business Center office building located downtown.
Telekom Romania Revenue Declines 2.8% in 2Q, to EUR231.2M
Telekom Romania group posted consolidated revenues of EUR231.2 million in the second quarter, down 2.8% on the year on lower mobile phone sales, and an adjusted EBITDA of EUR29.8 million, th...
Oracle Romania CEO Under Judicial Control on Corruption Allegations
Romanian anticorruption prosecutors have placed Oracle Romania CEO Sorin Mindrutescu under judicial control and set bail at EUR500,000 on bribe taking accusations.