Technology &Telecoms
Direct One Gets EUR10M Loan from BCR, BRD To Extend Bucharest Fiber Optic Network
Communications network operator Direct One, owned by Romanian entrepreneurs Teofil Muresan and Simion Muresan, has extended a EUR36 million club loan credit facility by another EUR10 million...
Mastercard Expects Smartphone Payments To Become Commonplace In Romania In 2020
Contactless payments with smartphones or smartwatches will become frequent in Romania in two years as users want such services, the infrastructure to accept such payments is there and severa...
OLX.ro Lowers Free Ad Cap To Preserve Strong Profit And Revenue Growth
OLX.ro, the largest online classifieds platform in Romania, held by South Africa’s Naspers, this week introduced new stricter limitations for publishing free ads for the sale of home applian...
Hewlett Packard Enterprise Romania Saw Growth Across The Board In 2017
The Romanian subsidiary of the US Hewlett Packard Enterprise (HPE), one of the largest suppliers of IT equipment and provider of IT services for companies, posted growth on all business segm...
Fintech Company Revolut To Open Romanian Office, Targets 100,000 Users
Revolut, the fintech startup established in the UK almost four years ago, which gives smartphone users an option to the traditional bank accounts and cards, is officially launching operation...
Car Sharing Service GetPony Revenue Up 50% In 2017
Cluj-Napoca-based car sharing startup GetPony posted 50% higher revenue in 2017, while the number of trips was 70% higher. The company was established by entrepreneurs Iulian Padurariu and D...
Iasi Has More Than 20,000 IT Employees And Turns Out 2,500 IT Graduates A Year
Iasi has become one of the biggest hi-tech industry centers in Romania along with Bucharest, Cluj and Timisoara, with its 20,000 employees in the IT industry, in addition to more than 2,500...
Harman Plans To Increase Number Of Employees In Romania To 700 In Two Years
US-based audio systems manufacturer Harman plans to increase headcount in Romania to 700 people in the next two years, more than double the current number. Harman’s research and development...
E.ON Romania And CERT-RO Sign Protocol To Enhance Cyber Security Of Power Grids
E.ON Romania and the Romanian National Computer Security Incident Response Team (CERT-RO) have concluded a collaboration protocol in order to enhance the cyber security of power grids, the c...