The new funding round comes as FintechOS celebrates significant business achievements, including a 40% year-over-year growth and a 170% increase in operating margins.
The rate cut will be a moderate 25 basis points, but it comes at the right time for two reasons: economic growth in Europe is starting to pick up after reaching its lowest level.
The agreement signifies a joint commitment to enhance healthcare infrastructure in Romania.
Thanks to continuous and prudent lending policies, provisions were still low at approximately RON 58 million, but higher than in the same period last year.
Eurohold Bulgaria and Euroins Insurance Group have filed a Request for Arbitration against Romania at the International Centre for Settlement of Investment Disputes.
In 2024, the strength of the dollar could trigger a new currency war. The market is concerned about the risk of competitive devaluations in Asia to counter the strong dollar.
The newest ETF on the local capital market will start trading on the Bucharest Stock Exchange on May 29th, 2024, with symbol ICBETNETF.
tbi bank's consolidated unaudited financial results for the first quarter of 2024 show net profit of €11.3 million – almost 40% higher than the profit in Q1 2023.
Although significant strides have been made in recent years, international relevant bodies estimate that between $800 billion and 2 trillion are laundered globally every year.
The planned €24.7 million investment will give the fund a majority stake in Sescom, once the current majority shareholders acting in concert have, i.a., completed a squeeze-out.
May 17th is the first day of trading for FORT shares on the AeRO market of the Bucharest Stock Exchange, under the stock ticker 4RT.
Total assets reached €4.7 billion at the end of the first quarter, up 8% compared to the first quarter of 2023.
Tavex experts recommend holding investment silver for at least five years to achieve a return above the rate of inflation.
Household goods insurance against disaster risks, providing homeowners peace of mind regarding the costs of repairing or replacing affected personal belongings.
The success rate of requests for bank loans registered on the 123credit.ro platform was approximately 4%, in the first quarter of the year.
Over 70% of the study participants anticipate an increase in the number of completed transactions in Romania by investment funds, after 20 were completed in 2023 transactions.
Garanti BBVA Romania recorded a net profit of RON 177 million in 2023 and operating revenues of RON 521 million.
The portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved.
Capital ratio climbed to 23,36% underscoring the institution's financial strength, providing a solid foundation for future growth and stability.
The transaction was signed in April 2023 and concluded in April 2024, following approvals received from the Competition Council.
Massive investments, and hence long-term finance, are needed to decarbonise the electricity sector in Central, Eastern and South-Eastern Europe and improve energy efficiency.
Sale of private healthcare provider to the American Heart of Poland Group, backed by Gruppo San Donato Italy and GKSD Srl, will deliver an outstanding return to Abris investors.
At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking application.
BRD individuals' loan production touched a new record level, RON 2.35 billion in Q1 2024, +43% YoY, building on consumer loans' best quarter ever, with a growth of +51% YoY.
PPC Blue, the electric mobility division of the PPC Group in Romania, has acquired the Hermes Flow network with 116 charging points to expand its national infrastructure.
Romania's consolidated general budget recorded a deficit of €21.8 billion (RON 108.87 billion) in the first ten months of 2025, representing 5.72% of GDP. This marks a decrease of €110 million compared to the same period in 2024, when the deficit stood at 6.22% of GDP.
The European Bank for Reconstruction and Development (EBRD) is participating in a €43 million loan by Raiffeisen Bank Romania to Altex Romania, the country's leading electro-IT retailer.
Romanian entrepreneurial group Agroland, active in retail, agribusiness, food production and animal nutrition, continues its expansion strategy by opening two new stores in Mega format in Odorheiu Secuiesc and Orăștie. With these openings, the Mega network reaches 36 units nationwide.
Although heat pump technology for heating and cooling is increasingly present in public discussions, the actual level of knowledge and usage remains low in Romania, according to research conducted for the despre-energie.ro platform, a project by E.ON and Delgaz Grid companies.