Orange Romania had a consolidated business figure of 430 million euros in quarter 4, 2021, with an organic growth of 3% against quarter 4, 2020. In Romania, quarter 4 marked the completion of the transaction through which Orange Romania purchase the majority package of 54% shares owned by fixed telephone operator Telekom Romania Communications. The consolidated business figure for 2021 is 1.235 billion euros, with an organic increase of 4% against 2020, the contribution of Telekom Romania Communications being only in quarter 4. On December 31, 2021, Orange Romania offered mobile services to 10.6 million customers, broad band fixed services to 1.4 million customers, cable TV and satellite services to 1.5 million clients. Throughout 2021, Orange extended the 4G network to 254 localities, while 4G+ extended to 1637 localities. In quarter 4, 2021, thousands of people in the rural area got access to 4G, the coverage being 98.31% of people , while 366 new localities in the rural and urban areas enjoyed advantages of 4G+ network. 5G network is available in 17 cities. Independent measures made by ANCOM in the first half of 2021 through Netograf.ro showed that Orange has the best speeds for fixed and mobile Internet in Romania. In 2021, total incomes from B2B services recorded a significant increase compared to 2020. The most dynamic IT&C area in 2021 was Cloud, where the increase was 25% against 2020. At the end of 2021, Orange Money had 300,000 clients, on the rise by 15% against the end of 2020. Last year, Orange Money launched its first credit card, which had one of the most competitive offers in the market, confirmed by the trebling of sales in Q 4, 2021 against Q3, 2021.
CIJ EUROPE, the organizer of the annual CEDER conference—one of the biggest real estate conferences in Romania—brings together top leading property professionals from the industry at this year's exhibition and conference. Big companies such as Globalworth, Nusco Imobiliara, AFI Europe Romania, Vastint, North Bucharest Investments, Ceresit, Carbon Tool by Build Green, WIREN, Energy Pal, Avitech, […]
Genezio, a startup launched in 2023 to create tools to help developers automate app creation, raised a $2 million pre-seed round led by Gapminder Ventures. Genezio will use the funds to implement the go-to-market strategy and develop enterprise features, as current use cases include web, mobile, blockchain, AI, and automation apps. This is the first […]
BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction that will free up capital for BRD to boost the financing of impactful sustainability-related projects in Romania. Under the transaction, IFC will provide a risk guarantee on an up to €700 million […]
A painting estimated at EUR 2 million that was stolen from an Oxford university art gallery roughly four years ago was recovered in Romania and returned to the UK judicial authorities last month, the Romanian Police announced. According to the BBC,...
Romania's national team will play in Group B at Debrecen in the 2024 European Women's Handball Championship alongside the teams from Montenegro, the Czech Republic, and Serbia, according to the draw held in Vienna. The Romanian team was part of the second pot and was the first drawn. Romania qualified undefeated for the final tournament, […]
Bucharest City Hall, through the General Directorate of Social Assistance of the City of Bucharest (DGASMB), and UNICEF Romania inaugurated on Thursday, April 18, a new integrated social services unit for vulnerable children in the capital city. The Respiro center for children with disabilities and their families, named The Magical Rainbow, will provide free services such as […]
