Romanian neobank Salt Bank has recorded over 500,000 customers in the first year of operation, a figure that is double compared to its initial launch projections.
74% of Salt Bank clients hold higher education degrees, 12% above the 62% average for the banked population in Romania aged 18-55, according to a study by Mercury Research.
Salt Bank's clients are mainly individuals with medium and high social status, with almost half (46%) of them earning more than €1,000 monthly.
Nova Power & Gas, part of the E-INFRA group, has announced the commercial operation of Romania's largest battery energy storage facility, with a capacity of 200 MW and 400 MWh, located in Florești, Cluj County.
Vlasceanu & Partners has advised Econergy on a €40.5 million project financing from UniCredit Bank for the development of an 87 MW photovoltaic project in Oradea, Romania.
Romania leads the European Union in both VAT and corporate tax collection failures, losing approximately one-third of potential revenue from each tax, according to a European Commission analysis published this week.
Romanian farmers will gain access to additional financing through a €25 million loan from the European Investment Bank (EIB) to Agricover Credit IFN. The non-bank financial institution will channel the funds to micro agricultural businesses seeking to improve productivity and environmental sustainability.
Oil major OMV Petrom has started preparations for exploration drilling in Bulgaria's Han Asparuh offshore block, which is operated together with NewMed Energy.