Technology &Telecoms
Anticorruption Prosecutors Raid Oracle Romania Headquarters – Sources
Prosecutors from Romania’s National Anticorruption Directorate (DNA) carried out searches at the northern Bucharest headquarters of the Romanian branch of well-known US multinational tech co...
StreamWIDE Relocates Bucharest Office to Timpuri Noi Square
StreamWIDE, a company specialized in the software and telecommunications industry, relocates its office in Bucharest in the Timpuri Noi Square project, joining the new IT hub created in the...
Digi Gets New Syndicated Loan Facilities of Up To EUR250M for Investments
Digi Communications (DIGI.RO) has concluded a syndicated multi-currency facility agreement consisting of two facilities in RON, EUR and HUF for EUR150 million, which may be increased up to E...
Software Developer Connections Enters Asian Market, Eyes EUR3M Revenue In Next Four Years
Connections Consult, a company specialized in software development and the provision of IT services in outsourcing system, announced its entering the Asian market with services of Robotic Pr...
Vodafone Romania To Appoint New Executive Board after UPC Acquisition
Telecom operator Vodafone Romania will appoint a new executive team as of August 1 following Vodafone's acquisition of UPC Romania. Executive members will report to Murielle Lorilloux, CEO o...
UPC Romania CEO Mihnea Radulescu To Run B2B Unit of New Vodafone/UPC Entity
UPC Romania chief executive officer Mihnea Radulescu will become head of the business division of the new fixed and mobile communication group created after the completion of the acquisition...
Orange Romania Turnover Drops 2.4% in 2Q, to EUR268.5M
Telecom operator Orange Romania registered a turnover of EUR268.5 million in the second quarter, down 2.4% on the year, due to lower interconnection fees for mobile voice calls and lower equ...
Top 20 IT&C Wholesalers’ Revenue up 13% to RON3.8B in 2018
The cumulated revenue of the top 20 IT&C wholesalers in Romania rose 13% to 3.8 billion lei (EUR808 million) in 2018, while net profit stood at RON25.4 million, down 54% over the previous ye...
eMAG Adds Online Pharmacy Component
eMAG, the largest online store in Romania, intends to develop the range of health and nutrition products sold in 2019, from the more than 14,000 supplements, vitamins and over-the-counter dr...