Revolut, which already has 3.5 million clients in Romania out of the 40 million globally, announced it launched the refinancing facility in the country, which is also a global premiere. Revolut has provided unguaranteed loans for personal needs since August 2022 and has extended such loans to a total amount of RON 1.3 billion (EUR […]
Romania’s largest financial group, Banca Transilvania, through its subsidiary BT Asset Management, will manage the largest portfolio on the local asset management market after the BT Group takes over OTP Bank and its subsidiaries. At the end of February 2024, BT Asset Management was the fourth-largest player with assets worth RON 4.2 billion (EUR 840 […]
Romania's troubled flag carrier Tarom, the expansion of Constanta port, and a new terminal at Bucharest airport were on the list of investments discussed by prime minister Marcel Ciolacu during his visit to Qatar on April 16-17. The Romanian state would be interested in selling part of Tarom, which has incurred losses over the past […]
The combined automobile production of Romania’s two car plants, Dacia and Ford Otosan, increased by 7.1% y/y to 152,912 units in the first quarter of the year (Q1) based entirely on the robust performance of the Ford factory in Craiova, where the production of the Courier models gained momentum. Renault’s Dacia plant remains Romania’s leading […]
The Government of Romania on April 17 deferred a decision in the shareholders meeting at Nuclearelectrica on the continuation of the small modular reactors (SMR) project developed in Doicesti, saying that it supports the project but needs “a calibrated and integrated vision of the project.” The shareholders of Nuclearelectrica (BVB: SNN), one of the two […]
Romania's central bank may need more time before delivering the first reduction in borrowing costs in more than three years as inflation isn't slowing as fast as expected and risks remain elevated, Cristian Popa, a member of the Board of Administration of the National Bank of Romania, told
