tbi bank, one of the leading challenger banks in Southeast Europe, has announced the appointment of Costin Mincovici, the bank’s Chief Credit Risk Officer, to the bank's Management Board.
Romania's hourly labor costs adjusted to the number of working days climbed 3.18% in the third quarter of 2024 compared to the second quarter of 2024, data from the country's statistics board INS showed on Wednesday (December 4).
Seven out of ten companies in Romania (67%) expect an increase in impact of circular economy regulations from moderate over the last 12 months to high and very high in the next five years, as shown by the Deloitte study “Circular Economy. Perception and the Stage of the Implementation in Romania 2024”, conducted this year among approximately one hundred companies on the local market.
More than half (57%) of interactions Romanians have with their banks for new product purchases are digital, a level that is almost double the 2020 one, of 30%, in line with the European Retail Banking Radar report published by management consulting company Kearney.
High volatility, rising global trade tensions, US dollar strength and a stable EUR/RON exchange rate are several forex market tendencies in 2025, assessed by iBanFirst, a leading global provider of foreign exchange and international payments.
CEC Bank has granted Tu Agrar farm, part of Rodbun group, a EUR3.3 million investment loan for the acquisition of shares of Frontier Invest Goup, a company that owns around 560 hectares of irrigable farmland.
eMAG group, the largest online retailer in the region, in the period April-September 2024, the first half of fiscal year 2025, registered $1.1 billion revenues, up 22% from the year-earlier period, amid strong growth posted in Romania, in line with the financial results posted by Prosus, its majority stakeholder.