The Bittnet Group received an order from the Competition Council regarding the launch of an investigation into the market for the sale of information and communication technology equipment in Romania, which concerns various procedures from 2019-2024."Bittnet Systems S.A. informs investors about receiving an order from the Competition Council regarding the launch of an investigation into the market for the sale of information and communication technology equipment in Romania. The investigation concerns various procedures from the period 2019-2024 related to some IT&C infrastructure projects and covers several companies active in the IT field in Romania, including 2 companies that are part of the Digital Infrastructure pillar of the Bittnet group: Dendrio Solutions SRL and Dataware Consulting", reads an announcement of the company sent to the Bucharest Stock Exchange on Wednesday.According to the cited source, the investigation launched by the Competition Council is being carried out in compliance with the specific procedure conferred by law. In the framework of such actions, the competition authority pursues the collection of data and information for the purpose of performing all analyzes on the targeted markets and verifying the behavior of companies active in these market segments."Until the procedures are completed and competition violations are found through a reasoned decision, the investigated companies are not considered to be in a situation of non-fulfillment of their legal obligations. The Bittnet Group is not aware that any of the companies in its group are involved in any way in anti-competitive practices where it has offered in the public or private space, the group being actively involved in the implementation of some projects and procedures to comply with the competition rules. The Bittnet Group assures the authorities of its full cooperation in this investigation regarding the conduct of the procedures, once they will be communicated to him by the Competition Council", the cited announcement reads.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
