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The two exchange-traded funds (ETFs) that follow the BET index have drawn total investments of EUR 95 million on the Bucharest Stock Exchange. ETFs are among the simplest instruments through which investors can gain market exposure. The Bucharest Stock Exchange has been one of the top-performing markets in Europe this year, with the BET index…

The European Public Prosecutor’s Office (EPPO) said on Tuesday, July 30, that its Bucharest office brought charges against four suspects, believed to be part of a criminal ring with ties to Italian mafia groups, for a EUR 4.3 million subsidy fraud involving EU and national funds.  Prosecutors say that the defendants formed a criminal group…

Romania’s flag carrier Tarom announced that it suspended its July 31 and August 1 flights to/from Beirut amid worsening tensions in the Middle East and following the warning issued by the Ministry of Foreign Affairs to avoid any travel to this region.  “Tarom advises all passengers affected by these cancellations to contact the company to…

Banca Transilvania (BVB: TLV), the biggest financial group in Romania by assets, said that it completed the acquisition of OTP Bank Romania and other subsidiaries from OTP Group in the local market. The deal has recently received the approvals of both the Competition Council and the National Bank of Romania.  The other subsidiaries acquired by Banca…

Personal financial planning remains a constant growth driver in Raiffeisen Bank Romania’s long-term strategy. In the first half of 2024, the number of newly opened pension, investment and life insurance plans increased by over 40% compared to the same period in 2023. Simultaneously, the digitalization of workflows and the simplification of client interactions remain essential…

Romanians hold 5.7% of the financial wealth in the Eastern European region, according to the Boston Consulting Group Global Wealth Report 2024: The GenAI Era Unfolds.  Romanian financial wealth, valued at USD 300 billion, represented 5.7% of the financial wealth in Eastern Europe in 2023, experiencing an annual growth rate of 15.5% from 2018 to…

Sibiu, Arad, and Oradea have the best bike lane networks in Romania, according to the T.R.A.I index developed by the Storia platform. Sibiu (score of 69.3), Arad (64.5), Oradea (61.6), Miercurea Ciuc (61.3), and Reșița (58.8) top the list and score above Bucharest, which is near the bottom of the list, at 29th, with a…

PPC Renewables, a wholly owned subsidiary of Greek energy group PPC, said it kicked off the construction of a wind power plant with an installed capacity of 140 MW at the location “Deleni” in Vaslui county, eastern Romania. The wind farm is designed with 23 GE Vernova 6.1 MW turbines and will be connected to…

Clinton Liberty, who plays Addam of Hull in the “Game of Thrones” spin-off “House of the Dragon,” is the first actor to be announced for Comic Con at Arena Naţională in Bucharest, taking place from September 13-15. Addam of Hull is a descendant of Corlys Velaryon and the first person outside the Targaryen family to…

The fourth edition of the program Jazz Bastion brings six concerts to the Weavers Bastion in Brașov, between August 1 and August 29. This year’s edition aims to highlight music’s cultural diversity with the theme Together, and artists from six countries – Romania, Ireland, Norway, Italy, the U.S., and Hungary – will perform in the…