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US private equity investment firm J.C. Flowers, which has bought two banks in Romania - Piraeus Bank and Leumi Bank in the past two years, forming what is now known as First Bank, is in pole position to make another acquisition, Credit Agricole Romania.

The shares of Romanian company THR Marea Neagra (EFO.RO), which manages several accommodation units in local seaside resorts, grew 10% on Monday, amid deals worth RON100,000, after the company announced that its shareholders approved the distribution of dividends in the amount of RON10.4 million from the company’s reserves, per ZF’s aggregate data.

The European Commission has approved, under EU State aid rules, a loan guarantee of up to around EUR19.3 million (approximately RON94 million) in favor of the Romanian state-owned airline TAROM, the Commission said in a statement sent to news agency MEDIAFAX on Monday.

Shareholders of Romania's natural gas transmission company Transgaz (TGN.RO) on Monday approved the conclusion of a transaction with the European Bank for Reconstruction and Development (EBRD) consisting in latter’s subscription of a participation interest newly issued by Vestmoldtransgaz for the amount of EUR20 million, enabling EBRD to become a Vestmoldtransgaz shareholder with 25% of its share capital.

Swiss Straumann Group has acquired local company Artis Bio Tech, active on the dental services market and held by three entrepreneurs – Ion Nicolescu, Manuela Agatstein and Nicolae Nicolescu, per public data.

Romania's antitrust body has cleared a deal whereby auto importer Trust Motors SRL plans to take over Opel Automotive SRL.

Nearly 60% of employees miss their office, especially among millennials, and while there is a lot of talk about remote work as a new trend set by the coronavirus, the reactivation of office spaces is inevitable and is gaining momentum, real estate consultants of JLL Romania said Monday.

Real estate developer Forty Management has reached an agreement with Butan Gas Romania to acquire a land of approximately 40,000 square meters located in the Straulesti area in Bucharest, for an estimated EUR8.2 million.

The Banking Union was Eurozone’s response to the financial crisis of 2010. It became apparent to the Eurozone countries that the stability of the banking sector is paramount to the well-being of the economy and the society, and that national supervision was often inadequate and lacking in independence. As a result, the sector was developing systemic risks and distortions in competition, while preventing the flow of lending to the rightful recipients and distorting the local economy.

Retail sales in Romania dropped 1.2% on the month in August and 1.6% when adjusted for seasonality and number of working days, as sales of non-food items dropped 2.6% and fuel sales dropped 1.4%, data from the country’s statistics institute showed Monday.

Spanish group BBVA has decided to not sell Garanti Bank Romania and the deal with OTP Bank, which submitted a financial bid for the lender, has fallen through, market sources told Ziarul Financiar.

Romania's finance ministry has granted state aid to companies in the past 11 months totaling RON664 million for 21 projects with a major impact on the economy and regional development projects.

Romania is borrowing EUR4 billion from the European Union to protect citizens affected by the COVID 19 crisis. The government will use the money to implement protective measures adopted since the start of the epidemic.

Prebet Aiud (PREB.RO), a manufacturer of precast products made of reinforced and prestressed concrete, said in a stock market report that Anodin Assets, a company almost entirely held by Ileana Motoc, has increased its holding in Prebet by 5.5%, reaching an ownership of 21.64% of Prebet’s share capital.

Insurance companies in Romania underwrote gross premiums of RON5.6 billion in the first half of 2020, up 3.4% from the same period in 2019, due exclusively to the positive evolution in the first quarter of the year, which saw the biggest value of the past years (RON2.95 billion) per data from the country’s Financial Supervisory Authority (ASF).

NN Pensii, the manager of the largest private pension fund on the Romanian mandatory segment known as Pillar II, had investments worth a total RON4.1 billion in 15 companies listed on the Bucharest Stock Exchange, on June 30, 2020, per ZF’s aggregate data from the half-year financial report.

Romania's financial supervisory authority has fined insurer Euroins Romania a total of over RON2 million for irregularities found at a check-up conducted in July-September.

Romania's finance ministry on Thursday raised a little over 1 billion lei (EUR215 million), above its RON700 million target, selling bonds maturing in July 2025 at an average yield of 3.22%, central bank data showed.

Global Vision and Globalworth are renting out to PepsiCo a part of the first logistics unit delivered within the Constanta Business Park – the latest project with multiple functions in the region of Constanta, which was developed on a 100-hectare land.

Dental clinic chain Dr. Leahu, the second largest player on the local dental services market, reported a loss of RON1.8 million in January-June 2020, compared with a net result of RON3 million in the same period in 2019, and total revenue of RON21.7 million, down 2.4% on the year.