Technology &Telecoms
Elba Timisoara, US Varroc Lighting Systems Sign JV Agreement To Manufacture Electronics
Romanian lighting systems producer Elba Timisoara, which supplies headlights for Dacia-Renault and Skoda, has signed a joint venture agreement with US automotive headlight producer Varroc Li...
Online Retailer Elefant.Ro Aims To Break Even In 2019
Elefant Online SA, the company that runs elefant.ro, one of the largest local online stores, plans to break even at the end of next year.
CIT Grup Buys EUR6.2M Office Building in Central Timisoara, Enters Real Estate Business
CIT Grup of Timisoara, the main Romanian distributor on the niche of refurbished IT equipment, has acquired the building former Nokia building in the city center for EUR6.2 million, entering...
Romania’s Software And IT Services Market To Overshoot EUR5B Mark In 2019
Romania’s software and IT services market will go beyond 100,000 employees and EUR5.1 billion in 2019, for the first time ever, reveals a report by research and advisory firm Pierre Audoin C...
Romania’s Software & IT Services Market Up A Mere 2% On Year In 2017
Romania’s software and IT services market rose just 2.1% year-on-year in 2017, to EUR975 million, while exports grew by 14% to EUR3 billion, as per a survey by market research and consulting...
Voicu Oprean, AROBS Transilvania: Cluj IT Market Overheated, We Can No Longer Find Employees
The IT market in Cluj, which has reached a growth rate of 20% a year, can no longer meet demand for human resources from companies as the number of college graduates is frozen at the previou...
Bitdefender Acquires Australian SMS eTech, Establishes Australian Presence
Romanian cybersecurity company Bitdefender has acquired acquired long-time Australian partner SMS eTech to establish its physical presence in the country, the company said Tuesday.
Fondul Proprietatea Won't Contribute to Posta Romana Capital Hike
Investment fund Fondul Proprietatea (FP.RO) maintains its decision to not take part in a share capital increase for state-owned postal company Posta Romana and contests the hike, Johan Meyer...
Smartphone Market Grows 40% in 1H in Romania
The smartphone market in Romania grew 40% on the year in the first half, due to purchases of higher-performing models at higher prices, Avenir Telecom, one of the largest distributors of mob...