Fitch Ratings improved the rating of Romanian financial group Banca Transilvania (BVB: TLV) from BB+ to BBB-, with a stable outlook, bringing the bank's shares in the investment grade area. The Viability Rating (VR) has been upgraded to bbb- from bb+.
One week earlier, Moody's confirmed its rating for TLV at the equivalent level (Baa3), furthermore assigning a positive outlook.
The new investment grade rating from Fitch reflects "improved assessment of the operating environment...
The number of construction permits issued for residential buildings in Bucharest has significantly decreased, with the first nine months of 2024 showing a 45% drop compared to the same period of 2021, according to a recent market report by real estate consultant SVN Romania. In the first three quarters of 2024, only 272 construction permits […]
Beyond Business School, a company founded by serial entrepreneurs Andra Ghibuțiu and Grégoire Vigroux, announces the final line-up of the CEOs joining its fast-track Executive Program as guest speakers. The CEO Talks sessions feature influential business leaders sharing their experience, insights, and career advice with its executive students. These talks are scheduled...
CFR Călători began operating Romania’s first new electric train, the Alstom Coradia Stream, on Wednesday, November 20, on the Bucharest-Brașov route. The journey departed from Bucharest’s Gara de Nord at 09:30 and was scheduled to arrive in the mountain city of Brașov at noon. “The Coradia Stream model is the first train supplied by the […]
At the end of September 2024, Romania's M&A market recorded transactions totaling USD 1.7 billion, significantly up from the USD 134 million recorded during the same period last year, according to the global M&A market report by Boston Consulting Group (BCG). For 2023, the total transaction value amounted to USD 2 billion. Romania recorded the […]
The Romanian Diversity Chamber of Commerce (RDCC) is organising the fifth edition of Purple Night Romania, an impactful awareness campaign held annually on December 3rd to honour the International Day of Persons with Disabilities. This meaningful initiative calls on private organisations, public institutions, NGOs, and individuals to illuminate their buildings, offices, and public spaces in purple as a visible expression of solidarity […]
The 13th edition of GoTech World, the largest B2B IT and digital solutions expo-conference in Central and Eastern Europe, showcased the latest technological innovations and business solutions to approximately 14,500 visitors. The event hosted 91 partner companies, 125 international speakers, and over 60 hours of specialized content, marking an edition dedicated to exploring emerging technologies […]
