Romania's foreign exchange reserves stood at EUR62.5 billion at the end of February 2025, higher by EUR1.75 billion than the EUR60.8 billion level reported on January 31, 2025, Romania’s central bank announced on Monday (March 3, 2025).
Vista Bank has announced on March 3 the agreement with Alpha Bank S.A. and Alpha International Holdings S.MS.A. 100% subsidiaries of Alpha Services and Holdings S.A., for the acquisition of the shares (100%) in Alpha Leasing (Romania) (which also holds 100% of Alpha Insurance Brokerage (Romania)).
Anglo-Dutch giant Unilever, a leading player on the consumer goods market, has appointed Irina Urechean to the position as General Manager of Unilever’s Ice Cream Division for Romania and Moldova.
Sameday, held by eMag Group and one of the leading players in the courier services industry, has become shareholder in IT and digital marketing services provider Zitec by acquiring the 24.9% stake previously held by eMAG over the last eight years.
As power-intensive Generative AI (Gen AI) consumption grows faster than other uses and applications, electricity consumption by data centers is forecasted to double to 4 percent of global electricity consumption by 2030, according to the latest edition of the Deloitte Technology, Media and Telecommunications (TMT) Predictions report.
Banca Transilvania, the largest lending institution in Romania, has announced the successful completion of its merger with OTP Bank Romania in the wake of which it has reached a 23% market share and assets climbed by 9%.
Oil drilling company Foraj Sonde Videle posted RON167.3 million turnover in 2024, up 29.2% from 2023.
Rompetrol Well Services, one of the leading wellbore special services companies in Romania, registered RON10.3 million net profit in 2024, 12.6% below the 2023 level.
Trump’s 25% threatened tariffs on EU products risk to pummel the local economy as the US is Romania’s second largest trade partner after UK, reveals an analysis by iBanFirst, a leading global provider of foreign exchange and international payments.