A proposed European law that could require communications companies, including WhatsApp, Signal and Facebook Messenger, to scan the contents of private and encrypted messages for child abuse material is likely to be annulled by the European Court of Justice, according to the European Union’s (EU) own internal legal advice. The controversial EU law, known as “chat control”, will allow governments […]

European spending on digital transformation (DX) is forecast to exceed $550 billion in 2023, a year-on-year increase of 15.9% from 2022. According to International Data Corporation’s (IDC) latest Worldwide Digital Transformation Spending Guide, DX spending in Europe will continue to grow in double digits till 2026, with a CAGR of 16.6% for 2021–2026. DX spending will be driven by investments […]

“As AI development affects nearly every aspect of our lives and its influence will further increase in the foreseeable future, member states must take concrete steps to ensure that people’s human rights are safeguarded in the design, development and deployment of AI systems” says Council of Europe Commissioner for Human Rights Dunja Mijatović in a report released today. In her […]

TotalSoft, one of the leading providers of business information systems in Central and Eastern Europe, and Sodexo Benefits and Rewards Services Romania (BRS), the leader of the local extra-salary benefits market, announce the signing of a partnership that improves the digital experience of employers in the recurrent process of administration and loading of meal cards offered to employees. The main […]

Kubeark, a next-generation platform specialized in software operations management, unveils its latest platform release that leverages the transformative potential of sky computing to empower enterprises to innovate and scale with unprecedented ease, regardless of their technology environment. Nowadays, enterprises face significant obstacles in streamlining operations and maintaining strict oversight of their resources in multi-cloud. With 85% of businesses utilizing up […]

MetaWealth, the Fintech startup with offices in Bucharest, Dublin and Toronto, has sold its first real estate asset to 153 retail investors from Romania, Cyprus, Austria, Switzerland, the UK, Denmark, Belgium, the Netherlands, the Czech Republic, Canada, Sweden, and Greece, for a combined value of USD 2.14 million. The sale, achieved in record time since MetaWealth first launched across the […]

Connections Consult (CC), a group of digital transformation companies listed on the AeRO Market of the Bucharest Stock Exchange, is primarily focused on its custom software development line in 2023. The company estimates total revenues of 15 million euros, of which 8 million euros will be generated solely by the software development segment. Connections Consult’s forecasts are based primarily on […]

The mobile network Vodafone GigaNetwork has been certified “Best in test” for the second consecutive year by the independent German auditor umlaut, part of Accenture, which sets industry standards through measurements of over 200 mobile networks in over 120 countries. This is the eighth consecutive year when Vodafone Romania‘s mobile network receives recognition by the German auditor. “In the current […]

The European Investment Fund (EIF) has signed a €5 million loan to Patria Bank, a Romanian lender specialised in financing small and microentrepreneurs with limited access to finance. The Tier II subordinated loan transaction, backed by InvestEU, will help strengthen Patria Bank’s capital position, thus facilitating further growth and development, with the ultimate goal of improving access to finance for […]

Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, today released Volume 28 of the Technology Radar, a biannual report informed by Thoughtworks’ observations, conversations and frontline experiences solving its global clients’ toughest business challenges. With artificial intelligence (AI) becoming even more accessible and embedded in the business, the report states that […]

The Romanian e-commerce market registered an upward trend in the first quarter of 2023, with the total value of orders being over 180 million euros, despite high inflation, according to an analysis by Limitless Agency, one of the largest digital marketing agencies in Romania. In Q1, the largest order placed online was a TV worth more than 148,000 euros. According […]

The freight transport market in Romania continued its growth rate in the first quarter of the year, but below the level of 2022, against the background of the decrease in consumption and implicitly in industrial production, shows an analysis by DSV Road, the third largest service transportation company in Europe. In this context, DSV Road recorded up to a 10% […]