Technology &Telecoms
Senior Software Eyes 20% Higher Turnover, Of Nearly RON29M, In 2019
Business software solutions provider Senior Software plans to boost its turnover by 20% in 2019, to nearly RON29 million. In 2018, the company’s turnover grew 28% to over RON24 million, agai...
UiPath Invests EUR500,000 In RPA Testing Laboratory In Bucharest
The first unicorn in the Romanian IT sector has invested EUR500,000 in "Immersion Lab", a laboratory that enables Romanian startup customers and partners to test their administrative automat...
Samsung Starts 2019 with Highest Share of Smartphone Market in Years
South Korea’s Samsung started 2019 with a 54% market share by number of smartphones sold in Romania in January, the highest market share in recent years, which helped it consolidate its lead...
eMAG Hungary Merges with Extreme Digital, Targets EUR1B Sales in Six Years
Online retailer eMAG Hungary announced Thursday it was merging with Extreme Digital, which expands eMAG's business to five more countries: Czech Republic, Slovakia, Slovenia, Croatia and Aus...
Mobile Device Distributor Phonetastic Sales up 36% to EUR52M in 2018
Mobile phone, tablet and accessories distributor Phonetastic GSM, one of the largest local actors, which also operates on other markets in Europe, posted growth of more than 36% in sales to...
India’s Infosys: We’ll Reach More Than 500 Employees in Romania
India’s Infosys, which specializes in providing outsourcing IT solutions and services, will be hiring more than 300 people in Romania soon for its digital innovation center recently inaugura...
Romania's Finance Ministry Amends Bank Tax This Week
Romania's finance ministry will finish this week a draft of changes to the emergency decree 114/2018 that introduced a tax on bank assets and raised capital requirements for mandatory privat...
Flanco Sales Top RON1B in 2018, Profit Quadruples
Electronics retailer Flanco posted a turnover of RON1.07 billion in 2018, up 9% on the year, and a net profit of RON21 million, four times higher than in 2017.
First Bank To Invest EUR7.5M in Technology
First Bank plans to speed up its digitization process and is investing EUR7.5 million in technology, it said in a statement Monday.