Technology &Telecoms
Romtelecom, Cosmote Romania CEO Sees Merger As Solution For Higher Efficiency
Nikolai Beckers, the new chief executive officer of Romtelecom and Cosmote Romania, both owned by Greek group OTE, said Wednesday his priority is to turn the two telecom operators into one l...
Catalyst Romania Takes Over 30% Stake In Legal Platform avocatnet.ro
Equity fund Catalyst Romania, administered by 3TS Capital Partners, has completed its first investment on the local market after taking over a 30% stake in legal platform avocatnet.ro, Mihai...
Tower Center Almost 70% Rented
Audit and advisory firm Ernst & Young and Belgian IT company Cegeka rented nine of the 22 floors of Bucharest’s Tower Center in Victoriei Square.
A Quarter Of Romanians Unaware Of e-Government Services Existence - Survey
A quarter of Romanians are unaware of the existence of online public services and only 11% of them are concerned about the protection and security of personal data, according to a survey con...
Fifty Unfavorable Contracts Pushed Posta Romana On Brink Of Bankruptcy
Romanian state-owned company Posta Romana could have been a profitable company had it not been “plundered” through contracts that were definitely unfavorable, Communications Minister Dan Nic...
Posta Romana To Lay Off 3,650 Workers, 11.4% Of Its Staff
Romania’s debt-mired national postal company Posta Romana will lay off 11.4% of its staff, or 3,650 employees, following negotiations between management and unions.
Deutsche Telekom To Launch My Wallet Application In Romania In 2014
German group Deutsche Telekom will launch “My Wallet” application on the Romanian market in 2014, an app that will allow users to make payments directly through their mobile phones, Claudia...
Posta Romana Amassed Loss Of RON532M In 2009-2012
Romanian state-owned postal company Posta Romana amassed losses of 532.9 million lei (EUR123 million) between 2009 and 2012, while it expected profit in each of the four years, according to...
Romania To Seek EC Permission To Convert Posta Romana Debts Into Shares
Romania’s government will ask the European Commission to approve the conversion into shares of the state budget debts registered by postal operator Posta Romana, and the company’s 107 millio...