Technology &Telecoms
New Resources for SEE Tech Startups: Bulgaria’s BrightCap Ventures Launches Second, EUR60M Fund
BrightCap Ventures, a venture capital fund headquartered in Sofia, has has completed the first close of its new fund targeting €60m.
ING Hubs Romania Revenue Up To Almost RON700M In 2023
ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services, posted RON694.1 million revenue in 2023, a...
UiPath Reports RON2.8B Turnover In Romania In 2023, Up 25% YoY
UiPath, the most successful product in the Romanian IT industry and the first Romanian IT company listed on Wall Street, has reported at Romania's finance ministry a turnover of RON2.855 bil...
Cognizant Romania Recruits over 100 IT Specialists
IT company Cognizant Romania is recruiting over 100 IT experts, beside the more than 100 persons hired since the start of the year.
BMW Expects IT And Software Hub In Cluj-Napoca To Grow To 1,000 Employees In A Few Years
Germany’s BMW Group expects its new IT and software it opened in Cluj-Napoca together with Japan’s NTT Data Group to reach 1,000 employees in a few years from the current 120 at the moment,...
Phonetastic GSM Revenue And Profit Shrink In 2023
Phonetastic GSM a local distributor of smartphones, gadgets and other IT&C equipment, posted RON200.3 million (EUR40.3 million) revenue last year, 27% lower than in 2022, Finance Ministry da...
Top Five Video Game Developers Ni Romania See Over RON1B Revenue In 2023
Video game development industry in Romania has been dominated by multinationals for many years, as the top actors are still Electronic Arts (US), Ubisoft (France) and Gameloft (France), but...
Adobe Revenue And Profit Up Again In Romania In 2023
Adobe Systems Romania, the local subsidiary of the US group by the same name, one of the largest software businesses in the world, posted RON444 million (EUR89 million) revenue in 2023, an i...
Brazil’s Stefanini Boosts Romania Profit by 67% in 2023 To RON13.5M
Stefanini Romania, the local subsidiary of Brazilian supplier of IT solutions and services, in 2023 saw its net profit rise by 67%, to RON13.5 million (EUR2.7 million).