Category: Uncategorized

The extraordinary general shareholder meeting at Romania’s state controlled Hidroelectrica group (BVB: H2O) approved the company’s plans to develop its major, 1,000 MW Tarnita-Lapustesti pumped hydropower project under a 50:50 JV with EDF Power Solutions International and also approved preliminary procedures (due diligence) for taking over a 50% stake in another reversible hydropower project with…

Raiffeisen Bank has entered the race, submitting an offer for the acquisition of Garanti Bank Romania, owned by the Spanish group BBVA, according to banking market sources consulted by Ziarul Financiar. ING Bank and Intesa SanPaolo have also reportedly placed bids. The final date for submitting bids is February 13, according to Profit.ro. For both…

The stock of loans and deposits in the Romanian banks, at the end of 2025, increased by 6.2% y/y and 6.9% y/y, respectively, according to data published by the National Bank of Romania (BNR). Discounting the consumer price inflation, the stock of loans and deposits contracted by 3.2% y/y and 2.6% y/y respectively – indicating…

The current conditions component of Romania’s CFA Macroeconomic Confidence Indicator compiled by the CFA Society following a survey among its members on a monthly basis plunged by 10.6 points to 31.8 points on a 0100 scale in December – the lowest level in years. The plunge was prompted by the weak retail sales readings in…

A delegation of the international rating agency Fitch discussed with the government in Bucharest on January 27 the fiscal consolidation actions undertaken by Romania, as well as the main fiscal-budgetary policy measures being implemented, according to a statement sent by the executive. Romania’s sovereign rating is BBB-/negative. “Fitch will publish the announcement regarding Romania’s rating…

Romania’s general government budget deficit contracted by 4.2% y/y to RON 146 billion (EUR 28 billion) in 2025, according to preliminary data published by the Ministry of Finance. The deficit-to-GDP ratio contracted by 1 percentage point (pp) from 8.67% in 2024 to 7.65% in 2025, mainly driven by expenditure held under control by the executive…

Over the past five years, the financial ecosystem across Central and Eastern Europe has undergone a quiet but profound transformation. What began as an urgent push for digitisation has evolved into a deeper reconfiguration of how finance is built, distributed, and experienced, from the unbundling of legacy banking infrastructure and the rise of embedded finance…

Dental Holding announced that it signed an agreement to acquire Greece-based Memodent Group, the country’s leading distributor of dental supplies. This marks the Romanian company’s seventh add-on acquisition and further strengthens its presence in the Greek market. The transaction follows Dental Holding’s expansion into Croatia and Hungary in the first half of 2025 and is…

Cluj-Napoca and Sibiu maintained their top positions in the Storia Index in 2025, registering the highest overall scores, according to a statement from the real estate platform. The Storia Index integrates both objective information, obtained from sources such as Google Traffic, Google Places, Airly, and Storia, and the subjective opinions of over 110,000 residents from…

Bucharest and eight other cities are competing to host a new European customs agency, which will control millions of cheap parcels, many of them coming from China, according to a Politico analysis.  The EU’s customs union was established in 1968, but it has been poorly maintained and only partially harmonized, with national agencies overlapping in…