Romania's GDP is projected to expand modestly from 0.9% in 2024 to 1.2% in 2025, though significant downside risks, including geopolitical tensions, cloud this outlook, finds new research by ING Romania economists.
The European retail banking sector experienced a significant deceleration in income growth in 2024, dropping to 2.9% from 18% in 2023.
OLX Group has announced the sale of its subsidiary, KIWI Finance, to Partners Financial Services, a Czech financial consulting company.
Blacklane, the operator of a premium chauffeur service platform, has started operations in Bucharest as part of its expansion in Romania.
Romania's energy regulator ANRE has approved the establishment of one of the largest wind farms in Romania.
Patria Bank has announced a new €8 million subordinated loan from the European Fund for Southeast Europe (EFSE).