The shareholders of private medical service provider MedLife (M.RO) on Friday approved during an Extraordinary General Meeting the authorization of the company’s Board of Directors to negotiate with Banca Comerciala Romana as arranger and other lenders that are syndicate members the terms and conditions to extend the credit limit of EUR228 million taken out last year with an additional amount up to EUR50 million.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers in Romania, announced a change in its executive management team, as Gabriel Loghin, the current general manager and legal representative of the company, decided to step down as of February 1, 2024 to “contribute more significantly to the company's strategic direction and the implementation of new projects, based on the administrator's mandate entrusted by the General Meeting of Shareholders.”
Financial analysts with CFA Romania association says the public budget deficit expected for this year will be 5.7% of GDP and will reach 5.2% in 2024.