European consortium introduces new era of intelligent databases

European consortium introduces new era of intelligent databases

Nov 20, 2019

AIT sets new standards for the interdisciplinary exploration of our digital cultural heritage, says GlobeNewsWire.com. The Open Source platform RECOGITO developed by the AIT Austrian Institute of Technology is setting new standards in online-based cooperation between experts in a wide range of disciplines around the globe. The RECOGITO platform has been...

BT buys back 329,604 own shares

BT buys back 329,604 own shares

Nov 19, 2019

Romania’s Banca Transilvania (BT) [BSE:TLV] said that it has repurchased a total of 329,604 own shares in the period November 11-15 at a weighted average price per share of 2.4623 lei ($0.57/0.51 euro), according to SeeNews.com. Banca Transilvania paid a total of some 812,000 lei for the share repurchases during the review period, the lender said in a...

Turnover of EUR 6.2 billion for Romanian software industry

Turnover of EUR 6.2 billion for Romanian software industry

Nov 18, 2019

Romania’s software industry is expected to reach a turnover of approximately EUR 6.2 billion this year, up by about 10.4% compared to 2018, when the turnover in this sector reached EUR 5.7 bln, according to estimates by market research company KeysFin. Some 58% of the turnover is generated by firms located in the capital city Bucharest. Foreign investors...

New Flybe route to link up Newcastle International Airport with Essex and its dozens of destinations

New Flybe route to link up Newcastle International Airport with Essex and its dozens of destinations

Nov 15, 2019

A new route will take flight from Newcastle, helping North East travellers link up with Southend and the rising destinations from the Essex hub, says SunderlandEcho.com. Flybe has announced it will launch a service between Newcastle International Airport and London Southend Airport starting from March, with seats on sale from today, Thursday, November...

Libra Internet Bank boosts 9-mo profit by 21%

Libra Internet Bank boosts 9-mo profit by 21%

Nov 14, 2019

Romania’s Libra Internet Bank said on Wednesday its January-September net profit rose by 21% on the year to 91 million lei ($21 million/19 million euro), according to SeeNews.com. The strong rise was mainly driven by a significant growth of the loan portfolio, the bank said in a press release. Libra Internet Bank’s assets edged up 5% on the year to...

Romania’s eMag expects over 500 mln lei (105 mln euro) in Black Friday sales

Romania’s eMag expects over 500 mln lei (105 mln euro) in Black Friday sales

Nov 14, 2019

Romanian online retailer eMag said it expects to sell over 3.5 million items worth a total of 500 million lei ($116 million/ 105 million euro) to Black Friday shoppers on November 15, according to SeeNews.com. Sales will be supported by a 3 million euro ($3.3 million) investment in servers, hosting and cloud services, eMAG said in a press release. Also, the...