Romania’s leading financial group Banca Transilvania (BVB: TLV) announced that its shareholders endorsed the disbursement of RON 1 billion (EUR 200 million) as dividends, out of last year’s RON 2.5 billion net profit, at a gross yield of 4.4% based on the most recent trading price.
The shareholders also approved a capital increase by the issue of 118 million new shares.
The company currently has 799 million shares at face value of RON 10 per share, trading at RON 28.4...
Stadio Hospitality Concepts (SHC), one of the most relevant and forward-thinking players in Romania’s hospitality industry, has undergone a remarkable evolution in recent years, expanding its portfolio, refining its concepts, and continuously enhancing the guest experience across all its venues With each new opening or reinvention, SHC has strengthened its position as a trendsetter. Guests […]
Romanian president Nicușor Dan called for firm security guarantees for Ukraine and the immediate return of children abducted during the war, stressing that both are vital to a just and lasting peace. In a message after European Council and Coalition of the Willing videoconferences on Tuesday, August 19, which followed high-level talks in Washington, Dan […]
The medieval fortress of Orăștie, in western Romania, was reopened on Monday, August 18, to the general public, after several years in which it underwent a process of conservation and restoration. The fortress, located in Hunedoara County, is now part of the local tourist attractions in the Mureș Valley. “We are inaugurating an important project […]
The famous Babele Cabin, located at an altitude of 2,206 meters on the Bucegi plateau near the Sphinx and Babele formations, was put up for sale for EUR 1.6 million. Built in 1970, the building is in an advanced state of degradation and requires renovation. It has a total of 20 rooms and over 1,760 […]
One of Bucharest’s most popular summer events is back as Cinema în Aer Liber kicks off its 2025 edition on the Insula Artelor in Titan Park. Running from August 19 to September 14, the festival will transform the island into an open-air movie theater, offering audiences four weeks of free evening screenings. This year’s lineup […]
Maria Dănilă, from Constanta, is the first woman in Romania to climb the K2 peak, in the Karakoram mountain range on the border between China and Pakistan. With this climb, she completed the list of the highest peaks in the world, according to Protv.ro. K2 is not only the second-highest peak...
