The funding was accelerated by the COVID-19 crisis, during which demand for software and automation robots exploded, said co-founder Daniel Dines.
The foreign trade gap in Romania contracted by 15.6% y/y to €1.25bn in May, but the latest foreign trade numbers don’t bring much optimism.
The re-denomination of the Romanian leu in 2005 had lasting economic and emotional consequences for the population and for domestic and international markets.
ING takes on Romanian online retailers Fashion Days and answear.ro, but plans international expansion for its DealWise platform.
Sales lag below 2019 level despite bouncing back in May from their plunge in April.
The Movial office in Iasi will become the fourth technology development centre in the region for Microsoft.
Romania's biggest airline by the number of passengers transported has initiated a preventive agreement as it aims to avoid insolvency by restructuring its overdue debt worth over €100mn.
A law approved by both houses of the Romanian parliament in June bans the teaching of gender studies in schools and universities. Opponents warn Romania is following in the footsteps of Central Europe's "illiberal democracies".
Foreign investors have been pushing for the move that will give them easier access to the Romanian capital market.
The economic sentiment indicators started to pick up again in June across Central and Eastern Europe (CEE), but there are big differences between the countries as they start to recover from the coronacrisis at their own speeds
Romania's largest online retailer plans to open three more showrooms in Hungary and reach a turnover of €300mn in the country.
Several countries in emerging Europe have re-imposed lockdowns and border restrictions to prevent the spread of the novel coronavirus after reporting spikes in new infections.
KPMG report says fewer contraband cigarettes flowing into the EU, but growth in illegal factories within the bloc.
Enterprise robotic process automation software company is reportedly preparing a new round of financing that would increase its market value to over $10bn.
Instead of triggering an increase in remittance payments, which is typical during times of crisis, the uncertainty surrounding the COVID-19 pandemic has caused migrant payments to households in developing countries to slow dramatically.
Vienna Initiative report warns banks heading for a "cliff-edge effect of new distressed borrowers", followed by successive waves of new NPLs.
Bucharest asked Nuclearelectrica to terminate talks with CGN on expanding Cernavoda nuclear power plant, as discussions yielded no results in seven years.
Post-COVID-19, banks in Central and Southeast Europe expect demand for financing to contract sharply, credit standards to tighten and an increase in NPLs, a new EIB survey shows.