Category: Uncategorized
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Romania’s Banca Transilvania lays out plans to acquire banks in other markets
The management of Banca Transilvania, Romania’s largest bank, presented plans to acquire banks in other markets on Friday, October 2, as part of BT Investor Day, a flagship event for the group. According to the document presented on this occasion, BT aims for organic growth “significantly above the market level and selective mergers and acquisitions.”…
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Fitch Ratings confirms the financial strength of Exim Banca Romaneasca
Exim Banca Romaneasca obtained the first rating from the international rating agency Fitch Ratings, a favourable assessment that reflects the Bank’s financial and risk profile and its ability to continue its development on a sustainable basis, marking an important milestone in its development, and strengthening its active role in financing and supporting the Romanian economy.…
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Bucharest redesigns Herăstrău lake-shore works to protect healthy trees
Bucharest City Hall has revised the technical plans for reinforcing the shores of Herăstrău Lake following a specialist assessment of every tree along the waterfront. Information and photographs for all 1,844 inventoried trees are also being added to a digital registry accessible to the public. The assessment was conducted by the Bucharest-Ilfov branch of the…
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Romania’s Oscar entry: Photos taken by Cristian Mungiu in lead-up to Fjord go on display in New York
A series of photographs taken by director Cristian Mungiu while preparing his Palme d’Or winner Fjord, also Romania’s Oscar contender, will be on display at the Romanian Cultural Institute (ICR) in New York. Taken exclusively with a phone, the photographs in the exhibition are neither set photographs nor a direct record of the making of…
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Fourfold increase in number of Romanian merchants selling on Trendyol, platform says
Trendyol, a large Turkish-born e-commerce platform, held the third edition of Trendyol Partner Gathering in Bucharest this week, focusing on the platform’s development in the Central and Eastern European region. During the event, the company said that more than 12,000 Romanian merchants were active on Trendyol in 2026, nearly four times more than last year.…
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Romanian prosecutors reportedly extend investigation against former MP Laura Vicol in Nordis case
DIICOT prosecutors have extended the criminal investigation against former Social Democratic parliamentarian Laura Vicol in the Nordis case, charging her with continued false statements, continued money laundering, and complicity in fraud, according to G4Media sources. Specifically, DIICOT prosecutors claimed that Laura Vicol failed to include in her asset declarations income of more than RON 15.6…
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Water flows in Romanian section of Danube to decrease further in early October
The flow of the Danube, one of Europe’s largest rivers and the most important one in Romania, will remain steady over the next three days, at 1,350 cubic meters per second in the Romanian section. Afterwards, the flow will decrease slightly until October 8, to 1,250 cubic meters per second, according to Agerpres. Downstream from…
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Euro surges to all-time high amid pressure on Romanian leu
Romania’s national currency saw an important depreciation on Thursday, October 1, as the euro reached an all-time high of over RON 5.34 on the interbank market. The leu-euro exchange rate shifted suddenly around 3 PM from nearly RON 5.28, where it had stabilized in recent days, to over RON 5.33, according to Goldring analysts. The…
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Another drone crashes in Romania after attacks on neighboring Ukraine
Romania’s Defense Ministry announced on Friday, October 2, that a drone had fallen in the area of Plauru, Tulcea County, southeastern Romania. The incident followed new drone attacks on civilian and infrastructure targets in Ukraine, in the vicinity of the river border with Romania. “Around 5:00 AM, an object, possibly an aerial drone, was reported…
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Romania’s interim prime minister heard as witness in corruption case
Ilie Bolojan, Romania’s interim PM and head of the National Liberal Party (PNL), arrived at the Iași headquarters of the National Anti-Corruption Directorate (DNA) on Friday, October 2, to be questioned as a witness in the case of businessman Fănel Bogos, accused of attempting to remove the head of the Vaslui Sanitary-Veterinary Directorate from office…