Category: Uncategorized

Fitch Ratings improved the rating of Romanian financial group Banca Transilvania (BVB: TLV) from BB+ to BBB-, with a stable outlook, bringing the bank’s shares in the investment grade area. The Viability Rating (VR) has been upgraded to bbb- from bb+. One week earlier, Moody’s confirmed its rating for TLV at the equivalent level (Baa3), furthermore…

Analysts of the Concorde Securities brokerage house, based in Budapest, reiterate their buy recommendation and maintain the target price of RON 84 (versus RON 66.4 current market price) for the shares of the telecommunications operator Digi Communications (BVB: DIGI). The potential return thus amounts to 26.5%.  “Key performance indicators are largely in line with our…

Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18.  The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be…

Exorigo-Upos, the Polish company that provides IT technology solutions for the retail sector, is preparing to take its presence in Romania to the next level by establishing an innovation hub in Bucharest. The new center will focus on developing and testing cutting-edge technologies tailored to the Romanian market, in line with the company’s long-term strategic…

Eva and Victor, ages 16 and 17, respectively, will advocate for climate action as members of Romania’s delegation at the United Nations Conference on Climate Change – COP29, held in November 2024 in Baku, Azerbaijan. The two teenagers also have clear roles in the conference. Victor, for example, will co-moderate the Climate Youth Forum, where…

Natural gas producer Romgaz (SNG), a company in which the majority stakeholder is the Romanian state, listed on Tuesday, November 19, its first corporate bonds amounting to EUR 500 million on the Bucharest Stock Exchange. The bonds, also listed on the Luxembourg Stock Exchange since the beginning of October 2024, are part of a tranche…

The Bucharest Court of Appeal ruled on Tuesday, November 19, to return the case involving Andrew and Tristan Tate to prosecutors at DIICOT, citing several irregularities. The judges also decided to remove several pieces of evidence and statements from the file, according to News.ro.  The Tate brothers face charges of organized crime, human trafficking, and…

Program empowers women in Romania to step into management or advisory board roles Offering actionable advice for women in businesses seeking strong governance Supporting EU gender diversity targets with inclusive leadership programs The European Bank for Reconstruction and Development (EBRD) celebrates Women’s Entrepreneurship Day on 19 November 2024 by highlighting the EBRD Women on Boards…

Planeta Crăciun/Planet Christmas, the holiday market organized by Untold Universe in Cluj-Napoca, opens this Friday, November 22. The event, hosted by the city’s Unirii Square, kicks off with the lighting of the festive decorations, followed by a live concert featuring Carla’s Dreams, Andreea Șilochi, and Kids Sing Academy.  Thousands of visitors are expected to gather…

Human remains and archaeological artifacts dating thousands of years were discovered during construction work at the site of the Regional Oncology Hospital in Iași, in eastern Romania.  Researchers from the Institute of Archaeology of the Romanian Academy’s Iași branch uncovered several important artifacts during the dig. The team led by Dr. Măriuca Vornicu dated the…