Category: Uncategorized

The shareholders of Banca Transilvania have approved the merger with OTP Bank Romania during the December 18 Extraordinary General Meeting. The integration process, which began in August 2024, is set to conclude on February 28, 2025, when the two banks will officially merge. Until the merger is finalized, both institutions will continue to operate independently,…

Dan Şucu, owner of furniture retailer Mobexpert and the main shareholder of the Rapid Bucharest football club in Romania, officially took over a 77% majority stake in the Italian football club Genoa CFC following a EUR 45 million capital increase. “The Romanian entrepreneur, through his own investment vehicle, fully subscribed to this capital increase, obtaining…

The Romanian coffee shop chain 5 To Go announced that the investment funds Invenio Partners from Bulgaria and Accession Capital Partners (ACP) from Poland have taken over 60% of the company’s shares. For Invenio Partners, this is the first direct local transaction, while ACP (formerly Mezzanine Management) already has several active deals in Romania. The…

Hungarian prime minister Viktor Orbán is set to meet with Bulgarian leaders in Sofia on Friday, December 20, before traveling to Bucharest for talks with Romanian prime minister Marcel Ciolacu, Hungarian government spokesperson Bertalan Havasi announced on December 18, as reported by state agency MTI and Economica.net. Orbán’s visit comes as Romania and Bulgaria celebrate…

ATM Ventures, the investment division of the car rental group Autonom (with bonds traded at Bucharest Exchange), owned by brothers Marius and Dan Ştefan, has taken over 30% of the shares of the Meridian Taxi company operating in Bucharest, according to Ziarul Financiar. The transaction takes place one year after Meridian, under the leadership of…

Romanian telecommunication group Digi Communications (BVB: Digi) announced that it launched a 100 TV channel package in Spain, where it operates in parts of the country while working to expand at the national level. The package is available for EUR 7 or as part of a EUR 17 bundle that includes fiber internet, Economica.net reported.…

Speaking about the reasons that led to the annulment of the presidential elections in Romania, president Klaus Iohannis invoked a “subtle and complex” foreign intervention and admitted that there is not enough direct evidence to allow the country to name Russia as the origin of the intervention. Asked about why the decision to scrap elections…

Romania’s reformist party Save Romania Union (USR) on December 18 outlined a list of 8 actions the future ruling coalition should take, including the disclosure of the 2025 budget planning by December 23, the dismissal of the heads of Permanent Electoral Authority (AEP) and the intelligence service (SIE) for their involvement in the scrapped presidential…

In 2024, investors on Romania’s stock exchange showed a marked preference for low-risk assets such as bank deposits and government bonds driven by a more predictable evolution of inflation, according to a new study on investor behavior. The preference change is part of the findings of the 2024 edition of the Market Pulse study, put…

Jay-Jay Johanson, a Swedish artist known for his melancholic and minimalist vocal style, is returning to Romania for a concert in Bucharest on Wednesday, March 5, at Expirat – Halele Carol.  Johanson, born in Trollhättan on October 11, 1968,  began composing music during his teenage years. In 1996, he released his debut album, Whiskey. The…