Technology &Telecoms
Retailer Flanco Expects Sales Of EUR35M During Black Week
Romanian electronics retailer Flanco estimates sales of EUR35 million during its Black Week sales campaign, which started Thursday.
Almost Half Of Romania's Priority EU-Funded Projects Stuck In First Stages Of Execution
Almost half of the EU-funded projects given priority by Romania's Government have seen insignificant progress in the first two months of the year, with some standing at 0.5% completion or no...
HP Romania Suspected Of Abuse Of Dominant Position
Romania's competition watchdog has opened an investigation into a possible abuse of dominant position by Hewlett-Packard Romania (HP), carrying out a series of unannounced inspections of the...
Telemobil To Pay EUR1M Fee For Extension Of 450 MHz Frequency Band License
Telecom operator Telemobil will pay a fee of EUR1 million to have its license for the 450 MHz frequency band extended by one year, until March 24, 2013, the Romanian Government decided Tuesd...
Atlas Telecom Failed To Bounce Back In 2011
Romtelecom’s first competitor on the landline telephony segment, Oradea-based Atlas Telecom Network, has EUR70 million in debt and was unable to make as little as EUR1 million in revenue in...
Austrian Group That Bought Romsys In Talks For Two More Acquisitions In Romania
Romsys, one of the largest IT&C integrators on the local market, held by Austria’s New Frontier Group, is in talks to buy two IT companies in Romania, Horatiu Berdila, chief executive of Rom...
Software Integrator iQuest Posts EUR16M Sales In 2011
German software developer iQuest's turnover rose 40% last year, to EUR16 million, with 94% of its revenue coming in from western European markets, although its Romanian business also grew si...
Vodafone Romania Might Launch 4G Network By Yearend If License Is Affordable
Vodafone Romania might launch a 4G mobile telecommunications network by the end of the year if the license is affordable, similar to those awarded elsewhere in Europe, Inaki Berroeta, genera...
IT&C Minister Frowns On Ministry’s Poor EU Fund Absorption Rate Of Only 9.3%
Romanian IT&C Minister Razvan Mustea on Wednesday said the ministry he runs has a poor absorption rate of European Union funds, of only 9.3%, and added he wants to back small and medium ente...