Category: Business

Bento signs a contract for European funds worth 25 million lei

Bento signs a contract for European funds worth 25 million lei

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, […]

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ASEMER: IT industry, green energy, and FMCG have the greatest potential to attract Spanish investments in Romania

ASEMER: IT industry, green energy, and FMCG have the greatest potential to attract Spanish investments in Romania

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 […]

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CBRE: Bucharest can accommodate another 100,000 square meter mall

CBRE: Bucharest can accommodate another 100,000 square meter mall

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, […]

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InstantSpace launches its platform with a new half a million euro round led by EGV

InstantSpace launches its platform with a new half a million euro round led by EGV

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 […]

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Broadcom plans a rapid transition to subscription revenue for VMware

Broadcom plans a rapid transition to subscription revenue for VMware

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 […]

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Vodafone Romania reports the financial results for the financial year ended March 31st, 2022

Vodafone Romania reports the financial results for the financial year ended March 31st, 2022

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 […]

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Expansion after listing on the Bucharest Stock Exchange: Softbinator Technologies moves its offices to Opera Center

Expansion after listing on the Bucharest Stock Exchange: Softbinator Technologies moves its offices to Opera Center

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 […]

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BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices

BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices

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 […]

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Connections Consult announces the establishment of its subsidiary in Virginia, USA

Connections Consult announces the establishment of its subsidiary in Virginia, USA

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, […]

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A new partnership for SolvIT

A new partnership for SolvIT

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 […]

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Luxoft exits the Russian market and offers Relief Package to support employees, families, and communities in Ukraine

Luxoft exits the Russian market and offers Relief Package to support employees, families, and communities in Ukraine

Luxoft Romania, a wholly-owned subsidiary of DXC Technology and one of the largest software development and IT solutions companies in Romania, has undertaken a series of measures to support Ukrainian civilians and refugees, in line with the company’s actions worldwide. Thus, Luxoft Romania, as well as other offices in neighbouring countries, such as Poland and Bulgaria, have been in constant […]

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Emerson to be New Tenant at Globalworth Campus in Bucharest

Emerson to be New Tenant at Globalworth Campus in Bucharest

Emerson, a global technology and software company, is to be a Globalworth tenant starting with April 2022. The company has signed a seven-year lease for a 1,100 square meter office space in the Globalworth Campus C in Bucharest. Emerson, comprised of two global business platforms — Automation Solutions and Commercial & Residential Solutions, is committed to driving innovation that makes […]

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