CEE economies, including Romania, will not suffer any fiscal and budgetary expense cutback pressures in 2024 as the year is a crucial electoral one and governments must be generous and throw money onto the market to counter the rise of populist parties, which are gaining ground.
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages several hotels and restaurants in Romanian seaside resorts, has called shareholders for February 19, 2024 to approve a decision aimed at contracting a medium-term loan from lender Banca Transilvania, in the amount of EUR4 million or the equivalent in lei.
The acquisition of Alpha Bank Romania is going well, the due diligence was fine and nothing to change the course of this deal was found, Teodora Petkova, UniCredit’s global head for Central and Eastern Europe, said at the Euromoney conference in Vienna on Tuesday.
Telekom Romania Mobile, ranked fourth on the local mobile telecom market and held by OTE (Greece) and Deustche Telekom (Germany), has announced that it expanded its 5G network in the town of Ramnicu-Valcea and surrounding areas.
Road freight carrier Criboser, based in Oradea, brings about 80 to 100 trucks with food, flowers and medicines in Romania every week, while sending 20 trucks abroad from Romania and the rest from Hungary.
Farmacia Tei pharmacy chain will add new stores in Brasov, Craiova, Bucharest’s Sector 4 and Focsani along with Bebe Tei, its officials say.