Bittnet Systems intends to launch two or three bond issues in 2024, with similar characteristics to the one listed on the Bucharest Stock Exchange (BVB) on Friday, announced Mihai Logofatu, Bittnet's CEO.Bittnet Systems (stock symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), listed a new bond issue on the stock exchange on Friday, worth RON 10 million, according to a BVB press release.The new instruments issued by Bittnet will be traded on the Regulated Market of the BVB, under the symbol BNET28."Bittnet Systems was the first company in the IT sector listed on the Bucharest Stock Exchange in 2015, and in the last nine years it has become the issuer that has regularly accessed the financing instruments that the Romanian capital market makes available for development, increased visibility and expansion. From a capitalization of RON 8 million at the beginning of the transaction, Bittnet Systems has today an investor valuation of RON 174 million and its shares are included in the FTSE Global Micro Cap Index Series of the leading global index provider FTSE Russell," said Adrian Tanase, the general manager of the BVB.Bittnet Systems made the transfer to the BVB's Regulated Market in 2020, making it the first IT sector issuer present on the main segment of the stock exchange. Currently, Bittnet Systems' shares are included in the FTSE Global Micro Cap Index Series of the leading global index provider FTSE Russell.Bittnet Group (stock trading symbol: BNET) is one of the most dynamic technology groups in Romania, being the first Romanian IT group of companies listed on the main market of the Bucharest Stock Exchange (BVB), included in the BET-XT, BET-BK, BETPlus, BET-XT-TR, BET-XT-TRN indices, as well as the FTSE Russell Micro Cap Index and MSCI Frontier Markets Investable Market Index (IMI). Bittnet operates as an integrator of IT&C services and solutions and is a leader in the field of IT professional training in Romania. The group's structure is organized in four main pillars of activity: Education, Digital & Infrastructure, Cyber Security and Business Applications and Software.
Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18. The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be […]
Exorigo-Upos, the Polish company that provides IT technology solutions for the retail sector, is preparing to take its presence in Romania to the next level by establishing an innovation hub in Bucharest. The new center will focus on developing and testing cutting-edge technologies tailored to the Romanian market, in line with the company’s long-term strategic […]
Eva and Victor, ages 16 and 17, respectively, will advocate for climate action as members of Romania's delegation at the United Nations Conference on Climate Change – COP29, held in November 2024 in Baku, Azerbaijan. The two teenagers also have clear roles in the conference. Victor, for example, will co-moderate the Climate Youth Forum, where […]
Natural gas producer Romgaz (SNG), a company in which the majority stakeholder is the Romanian state, listed on Tuesday, November 19, its first corporate bonds amounting to EUR 500 million on the Bucharest Stock Exchange. The bonds, also listed on the Luxembourg Stock Exchange since the beginning of October 2024, are part of a tranche […]
The Bucharest Court of Appeal ruled on Tuesday, November 19, to return the case involving Andrew and Tristan Tate to prosecutors at DIICOT, citing several irregularities. The judges also decided to remove several pieces of evidence and statements from the file, according to
Program empowers women in Romania to step into management or advisory board roles Offering actionable advice for women in businesses seeking strong governance Supporting EU gender diversity targets with inclusive leadership programs The European Bank for Reconstruction and Development (EBRD) celebrates Women’s Entrepreneurship Day on 19 November 2024 by highlighting the EBRD Women on Boards […]
