04/06/2021 10:26
Bucharest-based tech company Connections is planning investments of up to one million euros to expand in the coming 3 - 5 years its business to the US, Northern Europe and the Middle East, company representatives said in a release on Thursdayagerpres reports.
An important pillar for this bold move to foreign markets is getting listed on the Bucharest Stock Exchange this year, together with retail broker TradeVille, company representatives added. Connections has built its expansion plans for the coming years so as to capitalize on the post-COVID moment, an extremely favorable time for technology business. The company is betting on automation, not just as an effect of forced digitalization during the COVID crisis, but also as a natural stage in the development of labor and social relations and as an emblematic imprint of the 4.0 industrial revolution. Digitalization is one of the areas that benefit most from offshoring. According to the survey Top Strategic
EBRD President pays first visit to Morocco EBRD President Odile Renaud-Basso made her first official visit to Morocco in a virtual format on 24 and 25 May. She held high-level meetings with the Moroccan authorities, the business community and civil society. Meetings focused on Morocco’s post-Covid-19 recovery and EBRD investments to support it. In an interview with the newspaper Aujourd’Hui le Maroc, the EBRD President said: “The EBRD’s new strategic framework focuses on three main priorities, namely the strengthening of social cohesion and the reduction of regional disparities for an inclusive growth, the facilitation of a private sector led economy by improving competitiveness and supporting Morocco s governance reform programme as well as increasing the transition to the green economy through more sustainable energy and infrastructure.”
Romania s Banca Transilvania buying Idea Bank Romania for 43 mln euro Banca Transilvania
BUCHAREST (Romania), June 3 (SeeNews) – Romania s Banca Transilvania [BSE:TLV] said that its board of directors has approved the acquisition of the total holding owned by Polish financial holding company Getin n the capital of Idea Bank Romania for 43 million euro ($52.4 million).
As a result of the transaction, Banca Transilvania will acquire holdings in the companies which are part of the Idea Bank Group in Romania - Idea Leasing IFN SA and Idea Broker de Asigurare SRL, the bank said in a statement filed with the Bucharest Stock Exchange, BVB, on Wednesday.
BUCHAREST (Romania), May 31 (SeeNews) - A 1 billion lei ($247 million/203 million euro) bond issued by Banca Comerciala Romana (BCR), part of Austria's