IT - Business Review


luciana lixandru

Romanian Luciana Lixandru takes partner role at venture capital powerhouse Accel

IT January 20, 2017 15:12 0 comments

Romanian Luciana Lixandru was named partner at Accel, one of Europe’s largest venture capital firms which has invested in Facebook, Dropbox and Spotify. According to, Lixandru was previously principal investors at Accel and is…more »


Samsung to provide USD 150 mln in venture capital to emerging tech startups

Finance January 10, 2017 13:55 0 comments

Samsung NEXT, previously known as Samsung Global Innovation Center, announced the launch of the Samsung NEXT Fund, an investment fund of venture capital type of USD 150 million, that has the purpose of offering more…more »

Andrei_Pitis_Vector Watch

M&A alert. Vector Watch, founded by Andrei Pitis, gets sold to Fitbit

IT January 10, 2017 11:51 0 comments

Vector Watch, the smartwatch startup founded by Romanian Andrei Pitis, has been sold to Fitbit, the provider of health and fitness devices, for an undisclosed sum. “Today, we are happy to announce that the Vector…more »

sebastian ghita

Businessman Sebastian Ghita named on most wanted list of Romanian police

IT January 06, 2017 08:05 0 comments

The controversial businessman and politician Sebastian Ghita, who has been missing for close to three weeks, has been included on the list of most sought fugitives in Romania and the police forces are trying to…more »


Romanian high school students to miss final of Zero Robotics due to lack of money

IT January 02, 2017 16:23 0 comments

Four Romanian students enrolled at several high schools in Timisoara who qualified for the final of a robotics competition organized by the NASA and the European Space Agency said they cannot attend the event due…more »

"sorin grindeanu pm"

Ex-minister Sorin Grindeanu, Romania’s new PM candidate

IT December 28, 2016 18:50 0 comments

Sorin Grindeanu, 43, has been proposed as Prime minister by the political coalition PSD-ALDE, after president Klaus Iohannis refused to designate Sevil Shhaideh as PM candidate earlier this week. Grindeanu is a member of the…more »

cybersecurity law

Kaspersky: Romanian government institutions are vulnerable to cyberattacks due to old IT systems

IT December 27, 2016 10:54 0 comments

Cyber espionage is a phenomena that will expand next year, Romania having a medium exposure to it, taking into account that the country has very good specialists, but low budgets and the vulnerabilities are present…more »

Competition Council

Competition Council has approved Netcity Telecom’s takeover by Direct One

IT December 23, 2016 13:15 0 comments

The Competition Council has authorized the takeover of Netcity Telecom, the underground optic fibre network operator of Bucharest Municipality, by Direct One S.A., an independent provider of fibre telecommunication infrastructure. Direct One will take over…more »


Bucharest, on eighth place in top IT&Tech destinations from Europe and on fourth on staff growth

IT December 08, 2016 11:24 0 comments

Bucharest is on eighth place in the IT&Tech top destinations from Europe and on fourth based on the growth of number of employees in the industry, according to a report published by real estate consultancy…more »

"ing development center"

ING plans to double staff in global software hub from Romania

IT November 17, 2016 15:57 0 comments

The ING Software Development Center in Romania, which handles the devleopment of banking solutions that are scalable at global level, will double its number of IT experts in the next two years to over 500.…more »