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Stratulat Albulescu

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uuid000lh86

Namestring
Stratulat Albulescu
Legal namestring
Stratulat-Albulescu Attorneys at Law
Company typeenum
Private
Founded yearint
1999
Descriptiontext

Stratulat Albulescu (SAA) is a Bucharest-headquartered Romanian independent law firm (Societatea Civilă de Avocați) founded in 1999 by Silviu Stratulat and Andrei Albulescu. The firm operates from the One Herastrau Office building in Bucharest and employs 50+ lawyers across a partnership of approximately a dozen equity holders. Its service portfolio spans 11 practice areas, including Banking & Finance, Competition/FDI/State Aid, Corporate & Commercial, Dispute Resolution, Employment, Intellectual Property, M&A, Privacy & Cyber Security, Projects & Energy, Public Procurement, and Real Estate.

The firm serves a mix of Romanian corporates, EU institutional clients (European Investment Bank), multinational corporates (OMV Petrom, Renault/Dacia, Liberty Global/UPC, Societe Generale, Medicana), and pan-European PE/VC funds (Catalyst Romania, GapMinder, 3VC). Sectors covered include TMT, automotive, financial services, real estate, energy, healthcare, and retail. Visible mandate scale includes the EUR 104 million EIB financing to Maspex Romania and the EUR 21 million Day Tower acquisition, alongside recurring sponsor-side fund formation work.

The business model is conventional for a mid-tier commercial law firm: project-based hourly and fixed-fee advisory billed through a partner-led, tiered associate structure, with revenue driven by transactional mandates (M&A, financing, fund formation), regulatory advisory (FDI screening, competition, privacy), and contentious work. Recognition in Chambers Europe/Global, Legal 500, and IFLR1000 directories (2020-2022) supports client acquisition, and the firm cites 500+ matters handled and a 98% success rate. No financial results, revenue, or headcount growth figures are publicly disclosed, and there is no indication of a partnership equity event, outside investment, or M&A involving the firm.

Short descriptiontext

Stratulat Albulescu is a Bucharest-headquartered independent Romanian law firm founded in 1999 with 50+ lawyers, advising corporates, EU institutions, and PE/VC funds across M&A, banking & finance, competition, real estate, and regulatory mandates.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersBucharest, Romania
HQ citystring
Bucharest
HQ countrystring
Romania
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
corporate legal services, mergers and acquisitions, real estate law, banking and finance law, employment law
NAICS code2 codes
  • Legal Services5411
  • Professional, Scientific, and Technical Services54
SIC code1 code
  • Services-Legal Services8111
Product category
Legal Services
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Legal Advisory Services
TypeProfessional Services
Description

Professional legal services billed on hourly rates, fixed fees for specific transactions, or retainer arrangements for ongoing advisory work. Revenue generated from serving corporate clients, investment funds, developers, and public authorities across Romania and internationally.

stratulat-albulescu.ro
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Stratulat Albulescu is a full-service Romanian business law firm providing legal advisory and transactional services to corporate clients, investment funds, developers, lenders, and public authorities. Core offerings cover Banking & Finance, Mergers & Acquisitions, Corporate & Commercial, Real Estate, Employment, Intellectual Property, Dispute Resolution, Public Procurement, Competition/FDI/State Aid, Privacy, and Projects & Energy. Services are delivered by 50+ specialist lawyers on a partner-led engagement model.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • 98% success rate across 500+ cases
+1 more record
Product overview1 text field

Stratulat Albulescu is a leading full-service Romanian law firm (SCA) providing comprehensive legal services across multiple practice areas and industry sectors. Rather than a technology product platform, the firm offers legal expertise organized into practice areas (Banking & Finance, Competition/FDI/State Aid, Corporate & Commercial, Dispute Resolution, Employment & Compensations, Intellectual Property, Mergers & Acquisitions, Privacy & Cyber Security, Projects & Energy, Property/Real Estate, Public Procurement) and core sectors (Agribusiness, Automotive, Energy & Natural Resources, Entertainment, Financial Services, Infrastructure, Insolvency & Restructuring, Life Sciences & Health Care, Real Estate, Retail and Consumer, Technology Media & Telecom). The firm's services are delivered through its team of 50+ expert lawyers with 25+ years of combined experience, handling 500+ cases with a 98% success rate.

Product and service11 records
1Banking & Finance Legal Advisory
CategoryBanking & Finance
Description

Full-service legal advisory for the Romanian banking and finance sector, including financing structures, credit agreements, regulatory compliance, and lender/borrower representation on high-value transactions.

2Mergers & Acquisitions Advisory
CategoryCorporate & M&A
Description

Legal advisory on M&A transactions, share and asset deals, corporate restructuring, partial exits, and acquisition financing for corporate clients, investment funds, and strategic buyers.

3Corporate & Commercial Advisory
CategoryCorporate & Commercial
Description

Ongoing corporate legal advice covering corporate governance, commercial contracts, joint ventures, shareholder arrangements, and general corporate matters for business clients.

4Real Estate & Property Law
CategoryReal Estate
Description

Full-cycle real estate legal services spanning acquisitions, disposals, leasing, development, construction, permitting, asset management, and real estate financing for developers, investors, landlords, and tenants.

5Employment & Compensations
CategoryEmployment
Description

Employment law advisory for employers, including employment contracts, terminations, compensation structures, workforce restructuring, and employment-related disputes.

6Intellectual Property Advisory
CategoryIntellectual Property
Description

Legal advisory on intellectual property protection, licensing, IP-related transactions, and enforcement for clients in technology, media, and consumer-facing sectors.

7Dispute Resolution
CategoryDispute Resolution
Description

Litigation and dispute resolution services, including commercial litigation, arbitration, urban planning disputes, and real estate litigation for corporate and public sector clients.

8Public Procurement Advisory
CategoryPublic Procurement
Description

Legal advisory on public procurement procedures, contract preparation, bid management, and administrative litigation for public authorities and private bidders.

9Privacy & Cyber Security Advisory
CategoryPrivacy & Data Protection
Description

Legal advisory on data protection, GDPR compliance, privacy policies, cybersecurity-related regulations, and EU AI Act compliance for business clients.

10Competition / FDI / State Aid
CategoryCompetition Law
Description

Legal advisory on competition law, merger control, foreign direct investment screening, State Aid, and competition compliance before Romanian and EU authorities.

11Projects & Energy
CategoryProjects & Energy
Description

Legal advisory on energy, infrastructure, and natural resources projects, including project development, regulatory matters, and project financing.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierMinorTypeOthersAnnounced on2025-05-20
Description

Leading Romanian travel agency acquired by Polish tour operator Rainbow Tours.

Strategic tierMinorTypeOthersAnnounced on2021-06-08
Description

Major Romanian courier service provider owned by Mid Europa Partners, acquiring QeOPS.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Leading Romanian full-service law firm headquartered in Bucharest with comparable practice breadth (M&A, banking & finance, real estate, competition). Directly competes for the same corporate and PE/VC mandates and is the firm from which SAA's new Head of Banking & Finance, Andreea Nedeloiu, was hired.

TypeDirect peer
Description

Bucharest-based full-service Romanian law firm with strong corporate/M&A, litigation and competition practices. Directly comparable to SAA on practice mix, sector coverage, and target client base; the firm from which Oana Bucsa joined SAA in 2026.

TypeDirect peer
Description

One of the largest and longest-established Romanian full-service law firms with deep M&A, banking & finance, and real estate practices. Competes directly with SAA for Tier 1 corporate, PE and real estate development mandates in Romania.

TypeDirect peer
Description

Historic Romanian full-service firm with strong corporate, energy, regulatory and dispute resolution practices. Overlaps with SAA across M&A, real estate, competition and public sector work and shares the same Bucharest institutional client base.

TypeBroad incumbent
Description

Global full-service law firm with a long-standing Bucharest office competing for the same large corporate, banking, real estate and EU/institutional mandates as SAA, but with substantially greater international network leverage and headcount.

TypeBroad incumbent
Description

Austrian-headquartered CEE regional firm with a Bucharest presence competing directly for cross-border M&A, real estate and PE mandates in Romania, while offering a twelve-jurisdictional CEE footprint that SAA cannot match.

TypeBroad incumbent
Description

Austrian-headquartered CEE-focused law firm with a Bucharest office active in M&A, banking, real estate and competition. Direct competitor for international client mandates targeting Romania and the wider region.

TypeBroad incumbent
Description

Magic Circle firm with a Bucharest presence competing for the largest Romanian M&A, banking, capital markets and EU-financed mandates. Sets pricing and capability benchmarks that constrain mid-tier firms like SAA on the very largest transactions.

TypeDirect peer
Description

Bucharest-based full-service Romanian firm with comparable M&A, real estate, employment and competition capabilities, frequently cited in the same Chambers and Legal 500 rankings as SAA.

TypeRegional player
Description

Romanian law firm affiliated with Deloitte Legal, providing corporate, M&A, tax litigation and employment law services. Competes with SAA in corporate/M&A and employment work with the additional backing of the Deloitte network for inbound mandates.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers20 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles12 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Stratulat Albulescu

Stratulat Albulescu is a Bucharest-headquartered independent Romanian law firm founded in 1999 with 50+ lawyers, advising corporates, EU institutions, and PE/VC funds across M&A, banking & finance, competition, real estate, and regulatory mandates.

What Stratulat Albulescu does

Stratulat Albulescu (SAA) is a Bucharest-headquartered Romanian independent law firm (Societatea Civilă de Avocați) founded in 1999 by Silviu Stratulat and Andrei Albulescu. The firm operates from the One Herastrau Office building in Bucharest and employs 50+ lawyers across a partnership of approximately a dozen equity holders. Its service portfolio spans 11 practice areas, including Banking & Finance, Competition/FDI/State Aid, Corporate & Commercial, Dispute Resolution, Employment, Intellectual Property, M&A, Privacy & Cyber Security, Projects & Energy, Public Procurement, and Real Estate.

The firm serves a mix of Romanian corporates, EU institutional clients (European Investment Bank), multinational corporates (OMV Petrom, Renault/Dacia, Liberty Global/UPC, Societe Generale, Medicana), and pan-European PE/VC funds (Catalyst Romania, GapMinder, 3VC). Sectors covered include TMT, automotive, financial services, real estate, energy, healthcare, and retail. Visible mandate scale includes the EUR 104 million EIB financing to Maspex Romania and the EUR 21 million Day Tower acquisition, alongside recurring sponsor-side fund formation work.

The business model is conventional for a mid-tier commercial law firm: project-based hourly and fixed-fee advisory billed through a partner-led, tiered associate structure, with revenue driven by transactional mandates (M&A, financing, fund formation), regulatory advisory (FDI screening, competition, privacy), and contentious work. Recognition in Chambers Europe/Global, Legal 500, and IFLR1000 directories (2020-2022) supports client acquisition, and the firm cites 500+ matters handled and a 98% success rate. No financial results, revenue, or headcount growth figures are publicly disclosed, and there is no indication of a partnership equity event, outside investment, or M&A involving the firm.

Stratulat Albulescu firmographics

Firmographics
Name
Stratulat Albulescu
Legal name
Stratulat-Albulescu Attorneys at Law
Website
https://stratulat-albulescu.ro
Company type
Private
Founded year
1999
Operating status
Operating
Headcount range
51–100 employees
Short description
Stratulat Albulescu is a Bucharest-headquartered independent Romanian law firm founded in 1999 with 50+ lawyers, advising corporates, EU institutions, and PE/VC funds across M&A, banking & finance, competition, real estate, and regulatory mandates.
Ownership category
akta.pro rank

Where Stratulat Albulescu is headquartered

Location

Headquarters

HQ city
Bucharest
HQ country
Romania
HQ region
Europe

Offices1 record

Markets served

Stratulat Albulescu business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

  1. Legal Advisory Services: Professional legal services billed on hourly rates, fixed fees for specific transactions, or retainer arrangements for ongoing advisory work. Revenue generated from serving corporate clients, investment funds, developers, and public authorities across Romania and internationally.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Stratulat Albulescu product offering

Product offering

Core offering

Stratulat Albulescu is a full-service Romanian business law firm providing legal advisory and transactional services to corporate clients, investment funds, developers, lenders, and public authorities. Core offerings cover Banking & Finance, Mergers & Acquisitions, Corporate & Commercial, Real Estate, Employment, Intellectual Property, Dispute Resolution, Public Procurement, Competition/FDI/State Aid, Privacy, and Projects & Energy. Services are delivered by 50+ specialist lawyers on a partner-led engagement model.

Product overview

Stratulat Albulescu is a leading full-service Romanian law firm (SCA) providing comprehensive legal services across multiple practice areas and industry sectors. Rather than a technology product platform, the firm offers legal expertise organized into practice areas (Banking & Finance, Competition/FDI/State Aid, Corporate & Commercial, Dispute Resolution, Employment & Compensations, Intellectual Property, Mergers & Acquisitions, Privacy & Cyber Security, Projects & Energy, Property/Real Estate, Public Procurement) and core sectors (Agribusiness, Automotive, Energy & Natural Resources, Entertainment, Financial Services, Infrastructure, Insolvency & Restructuring, Life Sciences & Health Care, Real Estate, Retail and Consumer, Technology Media & Telecom). The firm's services are delivered through its team of 50+ expert lawyers with 25+ years of combined experience, handling 500+ cases with a 98% success rate.

Differentiator

Problem solved

Functional benefit

Products and services

  • Banking & Finance Legal Advisory Full-service legal advisory for the Romanian banking and finance sector, including financing structures, credit agreements, regulatory compliance, and lender/borrower representation on high-value transactions.
  • Mergers & Acquisitions Advisory Legal advisory on M&A transactions, share and asset deals, corporate restructuring, partial exits, and acquisition financing for corporate clients, investment funds, and strategic buyers.
  • Corporate & Commercial Advisory Ongoing corporate legal advice covering corporate governance, commercial contracts, joint ventures, shareholder arrangements, and general corporate matters for business clients.
  • Real Estate & Property Law Full-cycle real estate legal services spanning acquisitions, disposals, leasing, development, construction, permitting, asset management, and real estate financing for developers, investors, landlords, and tenants.
  • Employment & Compensations Employment law advisory for employers, including employment contracts, terminations, compensation structures, workforce restructuring, and employment-related disputes.
  • Intellectual Property Advisory Legal advisory on intellectual property protection, licensing, IP-related transactions, and enforcement for clients in technology, media, and consumer-facing sectors.
  • Dispute Resolution Litigation and dispute resolution services, including commercial litigation, arbitration, urban planning disputes, and real estate litigation for corporate and public sector clients.
  • Public Procurement Advisory Legal advisory on public procurement procedures, contract preparation, bid management, and administrative litigation for public authorities and private bidders.
  • Privacy & Cyber Security Advisory Legal advisory on data protection, GDPR compliance, privacy policies, cybersecurity-related regulations, and EU AI Act compliance for business clients.
  • Competition / FDI / State Aid Legal advisory on competition law, merger control, foreign direct investment screening, State Aid, and competition compliance before Romanian and EU authorities.
  • Projects & Energy Legal advisory on energy, infrastructure, and natural resources projects, including project development, regulatory matters, and project financing.

Quantifiable outcome

  • 98% success rate across 500+ cases
  • +1 more outcomes

Companies that use Stratulat Albulescu

Customer profile

Named customers20 records

Segments4 records

Ideal customer profiles4 records

Stratulat Albulescu technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Stratulat Albulescu partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor.

  • Paralela 45minorOthers · 20 May 2025Leading Romanian travel agency acquired by Polish tour operator Rainbow Tours.
  • CargusminorOthers · 8 June 2021Major Romanian courier service provider owned by Mid Europa Partners, acquiring QeOPS.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Stratulat Albulescu competitors and assessment

Company assessment

Direct peers

  • RTPR (Racolta, Zamfirescu, Toncescu, Purda & Radu): Leading Romanian full-service law firm headquartered in Bucharest with comparable practice breadth (M&A, banking & finance, real estate, competition). Directly competes for the same corporate and PE/VC mandates and is the firm from which SAA's new Head of Banking & Finance, Andreea Nedeloiu, was hired.
  • Peli Partners: Bucharest-based full-service Romanian law firm with strong corporate/M&A, litigation and competition practices. Directly comparable to SAA on practice mix, sector coverage, and target client base; the firm from which Oana Bucsa joined SAA in 2026.
  • Nestor Nestor Diculescu King Petersen (NNDKP): One of the largest and longest-established Romanian full-service law firms with deep M&A, banking & finance, and real estate practices. Competes directly with SAA for Tier 1 corporate, PE and real estate development mandates in Romania.
  • Mușat & Asociații: Historic Romanian full-service firm with strong corporate, energy, regulatory and dispute resolution practices. Overlaps with SAA across M&A, real estate, competition and public sector work and shares the same Bucharest institutional client base.
  • Filip & Company: Bucharest-based full-service Romanian firm with comparable M&A, real estate, employment and competition capabilities, frequently cited in the same Chambers and Legal 500 rankings as SAA.

Broad incumbents

  • Dentons (Bucharest office): Global full-service law firm with a long-standing Bucharest office competing for the same large corporate, banking, real estate and EU/institutional mandates as SAA, but with substantially greater international network leverage and headcount.
  • Schoenherr (Romania): Austrian-headquartered CEE regional firm with a Bucharest presence competing directly for cross-border M&A, real estate and PE mandates in Romania, while offering a twelve-jurisdictional CEE footprint that SAA cannot match.
  • Wolf Theiss (Romania): Austrian-headquartered CEE-focused law firm with a Bucharest office active in M&A, banking, real estate and competition. Direct competitor for international client mandates targeting Romania and the wider region.
  • Clifford Chance (Bucharest): Magic Circle firm with a Bucharest presence competing for the largest Romanian M&A, banking, capital markets and EU-financed mandates. Sets pricing and capability benchmarks that constrain mid-tier firms like SAA on the very largest transactions.

Regional players

  • Reff & Associates (Deloitte Legal Romania): Romanian law firm affiliated with Deloitte Legal, providing corporate, M&A, tax litigation and employment law services. Competes with SAA in corporate/M&A and employment work with the additional backing of the Deloitte network for inbound mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Stratulat Albulescu social profiles

Digital presence

Stratulat Albulescu financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Stratulat Albulescu leadership team

Management profile

Number of profiles

Profiles12 records

Stratulat Albulescu funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Stratulat Albulescu M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stratulat Albulescu

What does Stratulat Albulescu do?

Stratulat Albulescu is a full-service Romanian business law firm providing legal advisory and transactional services to corporate clients, investment funds, developers, lenders, and public authorities. Core offerings cover Banking & Finance, Mergers & Acquisitions, Corporate & Commercial, Real Estate, Employment, Intellectual Property, Dispute Resolution, Public Procurement, Competition/FDI/State Aid, Privacy, and Projects & Energy. Services are delivered by 50+ specialist lawyers on a partner-led engagement model.

Is Stratulat Albulescu a public or private company?

Stratulat Albulescu is a private company. It is classified as management employee owned and is currently operating.

When was Stratulat Albulescu founded?

Stratulat Albulescu was founded in 1999. It employs 51 to 100 people.

Where is Stratulat Albulescu based?

Stratulat Albulescu is headquartered in Bucharest, Romania, in the Europe region.

How does Stratulat Albulescu make money?

One revenue line is on record: legal Advisory Services.

Who are Stratulat Albulescu's main competitors?

Direct peers on record are RTPR (Racolta, Zamfirescu, Toncescu, Purda & Radu), Peli Partners, Nestor Nestor Diculescu King Petersen (NNDKP), Mușat & Asociații and Filip & Company. Broad incumbents are Dentons (Bucharest office), Schoenherr (Romania), Wolf Theiss (Romania) and Clifford Chance (Bucharest). Reff & Associates (Deloitte Legal Romania) is listed as a regional player.

Does Stratulat Albulescu have an API?

No public API is recorded for Stratulat Albulescu.

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Live signals
CeelegalmattersOana Bucsa Joins Stratulat Albulescu as PartnerOana Bucsa has joined Romanian law firm Stratulat Albulescu as a Partner, bringing expertise in complex investigations, merger control, foreign investment screening, and competition compliance. She previously served as Partner at Peli Partners, where she was promoted from Senior Associate in 2019 to Managing Associate in 2023. Managing Partner Silviu Stratulat stated that Bucsa's hire will enhance the firm's competition practice and complement its transactional offerings.CeelegalmattersAndreea Nedeloiu Joins Stratulat Albulescu as Partner and Head of Banking & FinanceAndreea Nedeloiu has joined Stratulat Albulescu (SAA) as Partner and Head of Banking & Finance, bringing over a decade of experience from RTPR where she served in progressively senior roles from Trainee (2012) to Counsel (2025-2026). The firm stated that her arrival is expected to give a new direction to its Banking & Finance practice, which is becoming an area of increased interest in Romania.AmchamStratulat Albulescu advises Catalyst Romania on its EUR 1.25 million investment in CarfixStratulat Albulescu law firm advised Catalyst Romania on its EUR 1.25 million investment in Carfix, a Romanian digital ecosystem that integrates automotive insurance, repairs, and related services. The funding will enable Carfix to further develop its technology, expand partnerships with insurance companies and repair networks, and reduce vehicle ownership costs by up to 60%. The transaction reinforces Catalyst Romania's positioning as a leading venture capital investor focused on Romanian technology companies.