Category: Uncategorized

ING Bank supported Digi Romania and Digi Communications, the parent company of the telecommunications operator, in arranging a credit facility worth EUR 150 million for a period of 3 years after the first use.  The loan will be used to repay the group’s bonds, worth EUR 450 mln, due in 2025.  The transaction was led…

The European Bank for Reconstruction and Development (EBRD) has extended loans worth EUR 36 million to support improved access to water and wastewater services in Romania’s Bacau and Braila counties.  The EBRD signed a EUR 22 million loan to Compania de Apa Bacau, the water and wastewater services provider in Bacau county. Another EUR 14.2…

The European Bank for Reconstruction and Development (EBRD) sold a 1.7% stake in Banca Transilvania (BVB: TLV), Romania’s biggest lender, for RON 411 mln (EUR 82.5 mln).  After this transaction, the EBRD still holds a 5.2% stake in the Romanian group.  “By reducing its stake, the EBRD is helping to increase the liquidity of Banca…

The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has approved a synthetic securitization and new lending commitments for Banca Transilvania – Romania’s biggest lender.  The landmark transaction is Banca Transilvania’s first securitization transaction. The agreement provides capital relief for BT for a portfolio of…

The European Investment Bank (EIB) signed guarantee agreements with Banca Comerciala Romana (BCR), Raiffeisen Bank, and UniCredit Bank under the Resilience and Recovery Fund Romania.  The guarantees totaling EUR 98 million with the three banks aim to help Romania’s large enterprises (with over 500 employees), including large mid-caps and small municipalities (up to 100,000 inhabitants),…

A selection of 10 films screened at the 23rd edition of the Transilvania International Film Festival, including the winners of the most important awards, will be shown from Thursday, June 27, to Sunday, June 30, at Cinema Elvire Popesco in Bucharest. From the Supernova section, dedicated to films that have enjoyed international success in the…

Translogjobs.ro, the first platform in Romania dedicated exclusively to job ads in transport and logistics, has been officially launched.  The platform was created to meet the specific needs of this industry, promising to optimize the recruitment process and facilitate the meeting of employers and candidates. Over 50% of companies in the transport and logistics sector…

Uber launched its XL service in Romania, allowing riders to request a car with capacity for up to 6 passengers and extra luggage. The new option is currently available only in Bucharest and includes vans or SUVs such as Mercedes V-Class, Ford Tourneo Connect, and Mitsubishi Outlander. UberXL is the high-capacity version of UberX, being…

At the beginning of June, Austria and Romania coordinated an international operation against human trafficking that led to the arrest of over 200 traffickers. Nearly 1,380 victims were identified, including 150 children.  The joint operation against human trafficking, named Global Chain, involved police forces from 39 countries worldwide, namely Albania, Austria, Belgium, Bosnia and Herzegovina,…

Romania’s modern industrial and logistics facilities stock reached 7.1 million square meters in 2023, which represents the third largest I&L market among 13 of the biggest Central and Eastern Europe (CEE) economies, according to Colliers’ latest “ExCEEding Borders | Navigating the Industrial Landscape and Workforce in CEE-13” report. Moreover, developers have another 500.000+ sqm of…