Technology &Telecoms
Greece’s OTE Hires Investment Bank Barclays to Find Buyer for Telekom Romania Group
Greek-held OTE, the majority shareholder of Telekom Romania, has hired investment bank Barclays to start looking for a buyer for the local telecommunications group, telecom industry sources...
Greek OTE Injects EUR800M into Romanian Mobile Division Capital, Paves Way for Exit
Greek group OTE, the main shareholder of Telekom Romania, decided in April to inject EUR800 million to the share capital of the mobile telephony division, the former Cosmote Romania, by issu...
Allview: Entry on TV Market A Good Move, Sales Up 20%
Visual Fan, the vendor of various gadgets under the Allview brand, posted 20% growth in sales this year and expects the upward trend to continue until the end of the year, ending a three-yea...
Phone and Tablet Wholesaler Gersim: We Chose to Be Cautious In 2018
Gersim Impex, the largest wholesaler of mobile phones and tablets in Romania, posted 713.1 million lei (EUR153.2 million) sales in 2018, down 11% over 2017, according to Finance Ministry dat...
IT&C Wholesaler ELKO Set to Expand into New Market Segments
Latvia’s ELKO group will expand from the traditional IT equipment wholesale business to new market segments in Romania, as well, adding gadgets like smartphones and electric mobility solutio...
Survey: Labor Shortage Drives Companies to Invest in Digitization
Two thirds of Romanian companies are determined to invest significantly in digitization in the next three years, as 80% of them are confronted with lack of qualified employees, among other r...
Dante International Gets Antitrust Clearance to Acquire Extreme Digital of Hungary
Dante International, which operates eMAG – the biggest online retailer in Romania, and Fashion Days – the biggest fashion online retailer in Romania, has received antitrust clearance to acqu...
Worst Hit Companies If Income Tax Exemption for Programmers Is Dropped
Oracle, IBM, Ericsson, Endava, Luxoft and Nokia, which have thousands of employees in the biggest cities in Romania will have to increase their salary budgets by 10% if the tax exemption for...
ING: One in Two Romanians Willing to Adopt New Technology in Banking
Romanians are more and more aware of the benefits of tech innovation I banking and 54% are willing to adopt new banking solutions and share their financial data, a study by ING showed Thursd...