Romanian software company Arobs Transilvania Software has completed the merger by absorption of five subsidiaries - Arobs Development & Engineering, Berg Computers, Nordlogic Software, Infobest Romania, and Centrul de Soft GPS.
Arobs Transilvania Software has obtained the ISO/IEC 42001 AI Management System certification, becoming the first company in Romania to complete this certification process.
Romanian software company Arobs Transilvania Software has signed an agreement to acquire Quest Global Romania, the local unit of global engineering services provider Quest Global Engineering Services.
Arobs, the largest Romanian tech company listed on the BVB, has purchased a 65% majority stake in Gess Engineering, a Romanian engineering company.
Revenue from the second business segment, "Software Products," grew by 14% compared to the same period last year, reaching RON 57.5 million as of September 30, 2024.
Revenue from software services remained almost at the same level as in the first three months of 2023, contributing 82% to revenue, respectively RON 86.4 million.
CEE is transforming from Europe's periphery into a defence industry powerhouse, according to a new KPMG study. The region's combination of cost efficiency, industrial capacity, and strategic location is attracting investment as European defence spending increases.
ING Bank Romania reported a 5% increase in total revenue for 2025, surpassing RON 4 billion (€800 million).
A consortium of international and local lenders has finalised a €100 million project financing package for the "Dobrun & Sadova" solar portfolio in Romania.
Vodafone Romania has completed the merger of Evotracking and iSYS Professional, two wholly-owned technology entities, into a single company operating under the commercial name Evogps powered by iTrack.
The listing of minority stakes from state companies is beneficial for Romania's economy and can contribute to increased prosperity for Romanians, according to a study by CFA Romania Association.