Technology &Telecoms
TP-Link Sales Up More Than 20% To RON40M In 2016
TP Link, one of the world’s largest providers of networking equipment, saw its revenue rise by about 22% to almost 40 million lei (EUR9 million) in Romania in 2016, as the market in the coun...
Stefanini: We’ll Reach 1,800 Employees In Romania This Year
Brazilian-held IT services provider Stefanini IT Solutions plans to increase the number of employees in Romania by 200 to 300 people this year, for a total of almost 1,800.
RCS&RDS Group Revenue Up 12.4% To EUR843M In 2016, Operating Profit Up 11% To EUR263M
Revenue of telecom group RCS&RDS, controled by entrepreneur Zoltan Teszari, rose 12.4% in 2016, to EUR842.8 million, while its operating profit (EBITDA) climbed 10.9% to EUR263.3 million, ac...
Digi Communications Mulls Listing On Bucharest Stock Market
Digi Communications, provider of telecommunications services in Romania and Hungary, on Tuesday said it plans to launch an initial public offering (IPO) of Class B ordinary shares for the pu...
Fitbit To Expand Romanian R&D Center To 200 Employees
US-held Fitbit, the leader of the global wearables market, has decided to boost the number of employees at its research and development center in Bucharest five-fold to 200 people in two yea...
GSM Retailer Arsis Sales Up To More Than EUR32M In 2016
Arsis Trading, the largest GSM retailer held by a Romanian entrepreneur, posted growth of 5% in sales to more than EUR32 million in 2016.
ANCOM: Romania Ranks First In The EU By Number Of Fast Internet Connections
Mid-2016 statistics place Romania first in the European Union regarding the number of fast internet connections, of at least 100Mbps, Romania’s telecom market regulator ANCOM said in a state...
Coface Chooses Romania For IT Development Center
French-held Coface, one of the leading credit insurance groups in the world, has chosen to expand presence in Romania by opening an IT center in Bucharest at the beginning of April and plans...
Huawei Romania: We Sold More Than 500,000 Smartphones In 2016, Market Share Doubled
The local subsidiary of China’s Huawei ended last year on the second place on the smartphone market, after South Korea’s Samsung and ahead of Brasov-based Visual Fan (Allview), after the com...