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Law firm Filip & Company has assisted Alpha Bank in completing the acquisition of retail activities of Orange Money Romania, the digital financial services provider of Orange Romania.
Romania executives started 2024 with much more optimism than they had in 2023, with their perception about the national economy improving, as 37% of them see growth, from 26% in 2023, reveals the 27th edition of global survey PwC CEO Survey 2024, launched at Davos economic forum.
Romania has some of the most affordable mortgages in the European Union, taking into account national average wages and the costs of buying a two-room apartment via a 25-year mortgages, reveals a report drawn up by SVN Romania Credit & Financial Solutions, the financial consulting and mortgage lending part of SVN Romania.
Purcari Wineries (WINE.RO), a winemaker based in the Republic of Moldova, announced in a stock market report on Monday (Jan. 15, 2024) the acquisition of the 90% ownership stake in a newly established company, HTA Danismanlik Turizm Dis Ticaret Limited Sirketi.
Purcari Wineries (WINE.RO), a winemaker based in the Republic of Moldova, announced in a stock market report on Monday (Jan. 15, 2024) the acquisition of the 90% ownership stake in a newly established company, HTA Danismanlik Turizm Dis Ticaret Limited Sirketi.
Romania's Finance Ministry raised RON1.75 billion from banks on Monday (January 15), selling government paper in two auctions, at annual average yields of 6.04% and 6.38%, respectively.
Growth investment fund AGISTA has guided the medical recovery clinic network Centrokinetic to successfully finalize the acquisition of the 2 KineticPlus clinics in Braşov and the opening of a new clinic in the Dristor area of the capital.
Insurance and private pension company NN Romania announces the launch of NN Premium Care Abroad, a health protection solution for critical illnesses such as cancer, cardiovascular bypass surgery, neurosurgery, or transplant.
Entrepreneur Mihai Simiuc buys back health food brands Frufru and Urban Monkey from Unilever, five years after selling them to the group.
Alpha Bank completed the transfer of the operations of Orange Money Romania on January 12, that is the customer portfolio, the digital assets (mobile application), the credit card portfolio and the employees.
Romanian lender Banca Transilvania grants financing of almost EUR32 million to Craiova-based Softronic, Eastern Europe’s sole producer of electric multiple unit trains and electric locomotives, for the modernization of 19 electric locomotives, and the beneficiary is Romania’s state-owned passenger railway carrier CFR Calatori.
Private pension funds in Romania on the mandatory (Pillar II) segment made payments worth over RON2 billion (EUR400 million) to almost 153,000 participants and heirs (beneficiaries) in the last 15 years, from inception, in 2008, until the end of 2023, as per calculations by the Romanian association for private pensions APAPR.
Romania's finance ministry on Monday (January 15, 2024) launched the second edition of the TEZAUR Treasury bills (T-bills) program for the general population.
The number of real estate deals in Romania exceeded 60,000 in December 2023, some 3,000 fewer than in November 2023, data from the national cadaster agency ANCPI showed on Monday (January 15, 2024).
Natural gas and electricity distribution company Delgaz Grid, a member of the E.ON Romania Group, has completed EUR37.2 million worth of upgrade works aimed at replacing high and medium voltage equipment at the transformation stations Husi, Stanilesti, Vetrisoaia, Falciu, Murgeni located in Vaslui County.
A KPMG report forecasts global GDP growth of 2.2% in 2024 – down from 2.6% in 2023, with a return to 2.6% growth anticipated in 2025.
Romania's IT industry shows moderate optimism for 2024 considering that 2023 ended below initial expectations, as per data from the 2024 Sentiment Survey conducted by the Romanian Employers Association in the Software Industry (ANIS).
Bucharest’s 4-star hotel Capital Plaza, owned by four Romanian entrepreneurs, ended 2023 with turnover worth almost EUR3 million, from EUR2.5 million in 2022, and expects a 5-7% increase this year, according to its officials.
DIY retailer MAM Bricolaj of Bucharest plans to focus more on online sales in 2024, as well as on one of its physical stores, whose performance is weaker.
Mirdatod Prod, which owns Telemea de Ibanesti brand, ended 2023 with 10% higher turnover from 2022, when it posted EUR112 million turnover. For 2024, the company’s officials have budgeted a similar advance and earmarked a retooling investment budget.19075 items