Technology &Telecoms
Digi Communications To Be Included In MSCI Frontier Markets Index
The shares of telecommunications operator Digi (DIGI.RO) will be included in the structure of the MSCI Frontier Markets Index, following the revision of the list by the equity index provider...
AROBS Makes RON11.7M Net Profit, RON105M Revenue In Q1
AROBS Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange, posted RON105 million consolidated revenue in the first quarter of 2024, slight...
Digi Borrows EUR117M From Citibank Europe For Development In Romania And Spain
Telecommunications operator Digi (DIGI.RO) on Tuesday evening notified the Bucharest Stock Exchange about its subsidiary RCS&RDS having taken out a loan from Citibank to develop operations i...
Amber Studio Forgoes EUR2.8M State Aid To Create 120 Jobs In Botosani And Craiova
Amber Studio, a local video game developer with $45 million revenue in 2022, has decided to waive EUR2.7 million in state aid that came with an obligation to create 120 jobs in Botosani and...
Romania Approves EUR94M Financing Scheme To Help Telecom Operators Develop Fiber Optic Or 5G Networks
Romania's Prime Minister Marcel Ciolacu has announced on May 9 that the government approved a financing scheme of nearly EUR100 million, using funds from the National Recovery and Resilience...
Early Game Ventures Launches Second Investment Fund
Early Game Ventures on April 25 finalized the necessary documents for the official launch of its second investment fund, with a total value of EUR60 million, the firm said in a press release...
Axes Software 2023 Turnover Up 12% YoY To Nearly RON10M In 2023
Romanian company Axes Software, specialized in developing software solutions for the logistics sector for over 18 years, ended 2023 with a turnover of RON9.7 million (nearly EUR1.9 million),...
US Company PDQ Pays Over EUR20M To Acquire Romania's CODA Intelligence
American company PDQ, which provides management solutions for active software, has paid over EUR20 million to acquire the entire package of shares of CODA Intelligence, a Romanian startup sp...
Eviden Romania Opens First Cloud and Cybersecurity Center, CloudSecOps Center, in Romania
Eviden Romania, part of French group Atos, a major IT&C integrator in Europe, announces the launch of CloudSecOps Center in Timisoara, Romania.