Category: Uncategorized

Romanian telecom group Digi Communications (BVB: DIGI) reported 14% higher consolidated revenues due to strong growth in Spain and launch of operations in Portugal. The group’s gross profit went up almost sixfold to EUR 539 mln, following the sale of its fiber network in Spain. “2024 was a transformative year for Digi, as we strengthened…

A new study by Go Voyager has ranked Romania as the most dangerous country in the European Union (EU) to rent a car, mainly due to its poor road infrastructure, which translates into higher risks of getting into a car accident. On the opposite end, France ranks as the best country for car rentals due to…

Accelerated growth of BCR’s business in 2024. An 11% increase in net assets, a 19.2% rise in net profit, 15.6% higher operating revenues, and a 19.3% growth in operating result, all driven by a significantly higher business volume with clients. Financing the economy. Over 6,500 companies, supporting approximately 280,000 jobs, were financed by BCR in…

Romanian police announced they recovered a stolen bronze statue by French sculptor Emile-Antoine Bourdelle, valued at approximately EUR 15,000. The artwork was taken from France in 2018 and surfaced in Constanța, where officers from the Criminal Investigations Directorate intercepted an attempt to sell it. On February 27, 2025, acting on intelligence and ongoing investigations, police…

Marcel Ciolacu, the Romanian prime minister and leader of the Social Democratic Party (PSD), the largest party in the government coalition, extended an invitation to reformist center-right party Union Save Romania (USR) to join the ruling bloc.  The coalition is currently facing a no-confidence vote initiated by the far-right opposition. USR, on the other hand,…

2024, a new year of growth for Sphera Group: sales of RON 1.5 billion (+5,4%), net profit of RON 97.2 million (+22%) and EBITDA of RON 176.9 million (+19.6%) Significantly improved profitability for KFC Romania, which achieved a net profit of RON 100.2 million (+15.5%), and Taco Bell, which increased its net profit almost six…

After being granted permission to leave Romania, Andrew and Tristan Tate, who are being investigated on several charges related to human trafficking and other offenses, also had some of their assets restituted. A Romanian court ruled in favor of an appeal by the Tates to lift precautionary seizure on multiple assets, including several properties, vehicles, and…

Romania has been downgraded to a “hybrid regime” in the 2024 Democracy Index published by The Economist Intelligence Unit (EIU) on Thursday, February 27. Its score dropped from 6.45 to 5.99, pushing it out of the “flawed democracy” category and down 12 places to rank 72nd globally, between Moldova and Papua New Guinea, Agerpres reported.…

Banca Transilvania (BVB: TLV), the biggest financial group in Romania, recorded substantial growth in 2024 through both organic expansion and the strategic acquisition of Hungarian group OTP’s subsidiaries in Romania. At the end of 2024, Banca Transilvania Financial Group reported total assets of RON 207 billion (EUR 41.6 bln), reflecting a 22.4% increase compared to…

The coupons attached by the Romanian Treasury to the bonds on sale under the second issue of the Fidelis scheme (bonds listed at the Bucharest Exchange) were cut for both local currency and euro-denominated papers. This comes after the record demand registered in the first issue this year in February when the Treasury raised over…