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.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
