Technology &Telecoms
Samsung Romania: Smartphone Market Seen Up 30% In Volume In 2014
The smartphone market will see growth of about 30% in volume this year, after sales of smartphones rose almost 70% year-on-year in 2013, say the representatives of the local subsidiary of So...
Orange Romania Set To Launch Money Transfer Service In Second Half Of 2014
Orange Romania, leader on the Romanian mobile telephony market, will partner with a bank to launch Orange Money, a service allowing customers to pay bills or send money to other users from a...
Huawei To Hike Investments Value, Employees Number In Romania
Chinese IT&C equipment maker Huawei plans to increase the value of investments in Romania and the number of employees to 1,000 by 2018, out of which 70% are Romanians, the company’s manageme...
Altex Wants To Hit The EUR300M Mark Again In 2015
Dan Ostahie, owner of Altex group and one of the most powerful Romanian entrepreneurs, says the electro-IT retailer he started over two decades ago will, in 2015, post again EUR300 million i...
Deutsche Bank To Open Global Technology Center In Bucharest By End-June 2014
Germany’s largest lender Deutsche Bank Thursday said it will inaugurate a global technology center in Bucharest by the end of June 2014, which will create software applications for the bank.
GTS Telecom 2013 Revenue Slightly Down At EUR19.2M
GTS Telecom Romania, part of GTS Central Europe, reported revenue worth EUR19.24 million in 2013, slightly down from EUR20 million a year earlier, and earnings before interest, taxes, deprec...
Private Equity Fund Catalyst Buys Into Simartis Telecom
Private equity fund Catalyst has bought 23% in Simartis Telecom, a solutions provider for mobile phone companies that specializes in mobile marketing. Two of the three founders of the compan...
Domo And Flanco Set The Stage For Deal To Bring Them Closer To Market Leader Altex
Computer and electronics retailers Domo and Flanco, the number two and three on the local market, are in talks to create a company with a more than EUR250 million revenue, close to the marke...
Is Vodafone Buying Cable TV Operators In Romania, Too?
UK’s Vodafone, which signed deals to buy cable TV operators in Europe worth EUR15.2 billion in the last six months, might take a similar step in Romania to be able to provide integrated fixe...