November 16 (SeeNews) - Bulgarian system integrator Telelink Business Services Group (TBS Group) [BUL:TBS] said it has established a wholly-owned subsidiary in Romania, Telelink Business Services S.R.L.
The unit was entered into Romania's commercial register on November 11, TBS Group said in a statement published on Monday.
TBS Group decided to establish a wholly-owned unit in Romania with a registered capital of 10,000 euro ($11,400) on March 25.
TBS Group was spun off from Telelink Bulgaria in 2019, becoming the sole owner of Bulgarian IT infrastructure, information security and digital transformation solutions provider Telelink Business Services and several other units of Telelink Bulgaria, engaged in similar activities.
As at 09:50 CET on Tuesday, shares in TBS Group traded up 0.63% at 16.10 levs ($9.41/8.23 euro) on the floor of the Bulgarian Stock Exchange.
($ = 0.875 euro)
(1 euro = 1.95583 levs)