Romania budgetary gap is expected to be above 8% of GDP in 2025, higher than the official 7% target, although the government is preparing two additional extensive reform packages, targeting mainly the spending cuts and a higher efficiency in the public administration, notes the latest CEE Macroeconomic Analysis & Strategy report drawn up by UniCredit.
Law firm Clifford Chance Badea has assisted Alpha Bank Group and Alpha Bank Romania S.A. with regard to all the aspects of Romanian law for the sale of 90.1% in Alpha Bank Romania S.A. to UniCredit S.p.A.
Romania got EUR9.4 billion in NRRP funds between 2021 and the third quarter of 2024 or 33% of its allotment via this EU program. Estimates for 2024 point to EUR200 million disbursements or 0.1% of the GDP, a quarterly UniCredit report for Central and Eastern Europe shows.
The European Commission has announced it approved the acquisition of Alpha Bank Romania by Italy’s UniCredit S.p.A, under the EU Merger Regulation.
UniCredit analysts expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1% in 2024, with Romania outperforming, and Czech Republic and Hungary lagging, the bank says in its latest quarterly Central and Eastern European report.
UniCredit and Mastercard have announced on Friday (May 26) the global expansion of their payments partnership through an agreement that targets 13 subsidiaries of the bank across 12 markets, including Romania, for all card products, totaling 20 million cards.