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The shareholders of Banca Transilvania (stock symbol: TLV) have approved BT’s merger with OTP Bank Romania within the Extraordinary General Meeting of Shareholders held on Wednesday (Dec. 18).
Banca Comerciala Romana (BCR) and Erste Group Bank AG have provided EUR107.23 million financing to Enery, a key player in the renewable energy sector in Central and Eastern Europe.
Garanti BBVA Leasing, part of Garanti BBVA Group Romania, has entered into a new finance agreement with the European Fund for Southeast Europe (EFSE).
Poland's LuxVet Group has taken over the RegalVet clinic in capital city Bucharest, which marks its fifth acquisition on the Romanian veterinary services market.
PartnerVet Group, controlled by Romanian entrepreneur Ferenc Korponay and the Dragic family, continues its expansion process by integrating the Vasi-Vet clinic from Botosani into its national network of partner veterinary clinics.
Cornerstone Communications, a local consulting firm specializing in investor relations and capital markets advisory, together with MIA Marketing, a Romanian market research company, and in collaboration with BT Capital Partners, the investment division of Banca Transilvania Financial Group, finalized the 2024 edition of the Market Pulse study, dedicated to the capital market and the behavior of retail investors in Romania.
Bulgaria's investment fund Invenio Partners and Poland's investment fund ACP have acquired 60% in coffee shop chain 5 to go in a transaction worth nearly EUR18 million, according to estimates by Ziarul Financiar (ZF) daily.
The volume of construction works in Romania decreased, in unadjusted data, by 4.1% in January-October 2024 and by 3.3% when adjusted for the number of working days and seasonality, data from Romania’s statistics office INS showed on Wednesday (Dec. 18).
SARMIS Capital has announced the acquisition of Total Technologies, one of the most prominent Honeywell-technology integrators for industrial automation in Central and Eastern Europe.
By 2030, Gen Z will be a key driver of the Artificial Intelligence (AI) future, comprising 30% of global workforce, but Gen Z's over-confidence in using AI must be looked with cautious, according to a new EY report developed with support from Microsoft and TeachAI, How can we upskill Gen Z as fast as we train AI?.
Fitch Ratings has revised the Outlook on Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable, and affirmed the IDR at 'BBB-'.
Investors regard the evolution of their portfolios in the next 12 months with optimism, showing a clear improvement from the previous year, in line with Real Estate Investors Sentiment Barometer drawn up by Cushman & Wakefield Echinox, as 64% of respondents expect an increase in portfolio value and 30% expect stagnation.
ATM Ventures, the investment arm of Autonom group owned by brothers Marius and Dan Stefan, has taken over 30% in Bucharest’s Meridian Taxi.
Dan Ostahie, one of the most powerful local entrepreneurs, Altex founder, has acquired the local operations of DIY retailer Brico Dépôt from Britain’s Kingfisher for EUR70 million (enterprise value, meaning including debts. Bricostore Romania has total debts of almost EUR90 million.
Romania media market will end 2024 on a steady growth trend, despite economic and geopolitical challenges, and will reach around EUR778 million, up 11%, topping previous estimates, reveals Media Fact Book by Initiative Romania analysis.
Salt Bank, the first Romanian neobank, fully owned by Banca Transilvania Financial Group, has gone beyond 330,000 clients after the first eight months since launch on the local market, aiming to reach the milestone of 1 million clients over the next three years.
Electrica (stock symbol: EL), a major player on Romania’s electricity distribution and supply market, said in a stock market report that on Dec. 16, 2024, the company Crucea Power Park SRL (CPP), which is developing the Crucea Est wind farm project and it is 60% owned by Electrica, was designated among the winners of the first round of the Auction for the State Aid Scheme in the form of Contracts for Difference (CfD), within the call launched on November 18, 2024.
Termene.ro, a platform offering Romanian companies a quick and easy access to all official data - financial, fiscal and legal, estimates t reach a turnover of over RON17 million at the end of 2024, up 27% versus 2023, and a net profit of over RON2.5 million.
Aluminium producer Alro Slatina (stock symbol: ALR) has announced in a stock market report on Dec.17 that following an audit carried out between 2023-2024 by Romania's tax administration ANAF, examining the 2016-2021 period, the company received an additional taxation decision in amount of RON13.55 million, representing additional profit tax and VAT, a decision deemed by ALRO as deeply unsubstantiated and illegal.
The European Investment Bank (EIB) is lending EUR200 million to Distributie Energie Electrica Romania (DEER), the distribution operator of Electrica Group, to upgrade its electricity distribution network, Electrica has announced in a report sent to the Bucharest Stock Exchange.18957 items