Technology &Telecoms
evoMAG Targets EUR25M Sales in 2018
Evolution Prest Systems, which operates online retailer evoMAG, one of the top ten online retailers in Romania, seeks to raise its sales by 40% this year, to EUR25 million.
Endava Starts Trading on New York Stock Exchange
Software and IT service provider Endava opened for trading on July 27 on the New York Stock Exchange (NYSE) under the ticker symbol “DAVA” following its initial public offering, the company...
Nearly Half of Romanians Buying Online Prefer Payment on Delivery
Romanians, as most Europeans, are more and more attracted to online payments, but nearly half of Romanians (46%) making online purchases prefer to pay cash or card on delivery, compared with...
Orange Romania 2Q Turnover Grows 3.4% to EUR275M
Telecom operator Orange Romania said Thursday it had a turnover of EUR275 million in the second quarter, 3.4% higher compared with the same period last year, driven by growth in mobile servi...
Bittnet Acquires 51% of Elian Solutions
Bittnet Systems (BNET.RO), the first Romanian IT company listed on the Bucharest Stock Exchange, has completed negotiations to acquire 51% of Elian Solutions, a local company implementing ER...
ING Launches Mobile Payment App For Retail Customers
ING Bank Romania on Monday launched ING Pay, a mobile phone payment service for retail customers, currently available for 4.4 Android smartphones.
Vola.ro 1H/2018 Turnover up 18.5%, to EUR4.2M
Online travel agency Vola.ro said Tuesday it had a turnover of EUR4.2 million in the first half of the year, up 18.5% compared with the same period in 2017, and expects EUR8.6 million for th...
Allview: Revenue Halved Because We Dropped Cheap Smartphones From Our Product Lineup
The sales of Visual Fan (Allview) in Brasov saw an abrupt decline from 306 million lei (EUR66 million) to RON157 million in 2017, mainly due to the decision to drop the cheap smartphones fro...
Vitacom Electronics Sells RON25M Worth Of Electronic Products In 1H/2018, 17% More YOY
Cluj-based importer and distributor of electronic products and accessories Vitacom Electronics reported sales of RON25.3 million in the first half of 2018, nearly 17% higher than in the same...