OxidOS concluded its first seed round investment of 1.2 million euros. The round was led by EGV and joined by renowned business angels. The DLA Piper team and Nistorescu Law Office provided legal assistance for the transaction. Early Game Ventures is the most active Venture Capital fund in Romania as of 2021, maintaining its position in the second quarter of […]

“Despite the continued high raw materials and energy prices, we again achieved strong earnings in the second quarter,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, presenting the results for the second quarter of 2022 together with Chief Financial Officer Dr. Hans-Ulrich Engel. BASF had already released preliminary figures on July 11. The BASF […]

Bento, Intellectually Curious (BVB: BENTO), a Romanian entrepreneurial company listed on the AeRO market of the Bucharest Stock Exchange, specialized in the development and implementation of software solutions and the provision of IT and Cloud infrastructure services, announces the approval of a project with European funds worth approximately 25 million lei within the Competitiveness Operational Program (POC) 2014 – 2020, […]

Favorite areas for Spanish investors in Romania are real estate market, the construction field, but also the IT&C sector. Also, green energy and retail are among the top sectors in our country that attract investments from Spain, according to the information from the ASEMER Association – an association of Spanish investors in Romania. Spanish companies have identified a very high […]

International retailers are interested in entering the Romanian market and demand for large areas has been increasing. 140,000 sq m modern retail spaces to be delivered by the end of 2022 The stock of modern retail spaces will reach approximately 4.2 mln. sq m in 2022, including 140,000 sq m that will be delivered by the end of the year, […]

InstantSpace announces the launch of its automated booking platform that makes booking of venues and services easy and instant. The company raised an additional new investment, valuating the company at 4 mil euro, to support the commercial launch and expand to Israel. EGV led the round with the participation of Sparking Capital and foreign business angels, while DLA Piper provided […]

Broadcom announced last week that it was seeking to drop $61 billion in cash and stock to acquire VMware. We still don’t know exactly what changes Broadcom plans to make to VMware’s products or business model once the acquisition completes. Still, Broadcom Software Group President Tom Krause made it clear in Broadcom’s earnings call last week: an emphasis on software […]

Vodafone Romania announces the key performance indicators for the financial year ended March 31st, 2022, as reported today by Vodafone Group Plc. The service revenue is at EUR 764 million. Compared with last financial year, the organic service revenue registered a decrease of 0.1%. Vodafone Romania customer base reached 11.1 million at March 31st, 2022, and it includes clients of […]

Softbinator Technologies (stock symbol CODE), a Romanian software development company specializing in the design, development and market launch of innovative products, has chosen the Opera Center One building, part of the CA Immo portfolio, to be its new employee-friendly workspace as part of its strategy to strengthen its position as a leading employer. Softbinator Technologies, a company founded by Daniel […]

The first quarter of 2022 was characterized by significantly higher energy and raw materials prices as well as supply chain disruptions. “Nevertheless, we had a very good start to the year 2022,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, at the company’s virtual Annual Shareholders’ Meeting this year. BASF had already released preliminary […]

Connections Consult (CC) announces the establishment of its wholly-owned US subsidiary, Connections Consult USA LLC (CC USA), in Fairfax, Virginia.  CC USA will focus on digital transformation and the delivery of software solutions to public and private sector customers in the United States of America.  The location of CC USA in Northern Virginia, part of the Washington DC Metropolitan area, […]

SolvIT Networks, a South-Eastern IT company, recently concluded a partnership with 4me for the whole Balkan area. The Romanian branch will cover a region made of Romania, Bulgaria and Moldova, and the Serbian branch the formal Yugoslavian territory. “We are thrilled by concluding this partnership with 4me, a company that built a reputation in providing Enterprise Service solutions at the […]