Banca Transilvania’s shareholders approved BT’s merger with OTP Bank Romania at today’s Extraordinary General Meeting of Shareholders.The integration of OTP Bank Romania into Banca Transilvania started in August 2024 and ends on February 28, 2025, through the merger of the two banks. Banca Transilvania and OTP Bank Romania will operate independently until the merger and will continue to ensure a smooth transition for OTP Bank Romania customers. February 28, 2025 represents the date on which OTP Bank Romania customers will become BT customers, being also the last day in which they can still use OTP Bank Romania products and services. “I would like to thank our shareholders for this vote of confidence on the plan to merge Banca Transilvania with OTP Bank Romania. It is BT’s fastest integration, realized in just seven months. The period elapsed so far has unfolded according to our ambitious plan, due to the collaboration of 750 people – part of the two banks teams, who have allocated more than 150,000 hours to specific projects. I am confident that the integration will go smoothly until the end, together with BT’s organic growth,” stated Horia Ciorcila, Chairman of the Board of Directors, Banca Transilvania. Banca Transilvania acquired OTP Bank Romania and the other Romanian subsidiaries of OTP Group this year for EUR 347.5 million. The first merger took place in early December 2024 between BT Leasing and OTP Leasing.
If December were a performance, Corinthia Grand Hotel du Boulevard would be its grand stage. This winter, Bucharest’s newest grand dame has reimagined the festive season not only as decoration, but as storytelling: one told through light, music, architecture and flavour. Inspired by Charles Dickens’ A Christmas Carol, the hotel’s concept unfolds in three chapters […]
The HALO Events Center in Bucharest is set to open the largest event space in Europe equipped with a 360° panoramic LED display within the Romexpo complex. The new location is designed for large-scale, fully digitalized events, and it is the result of an EUR 4 million investment. The venue has a maximum indoor capacity of […]
The concept of the mega-project DraculaLand, a privately funded development exceeding EUR 1 billion that aims to become the largest entertainment, retail, and technology destination in Europe, was recently unveiled. The investment is planned for a 160-hectare site not far from Bucharest and aims to position Romania as a new global hub for large-scale entertainment, […]
FEPRA has opened new PET and glass recycling facilities in Brad, Hunedoara county, an initiative expected to boost the recycling capacity of both the region and Romania. The two units, inaugurated on December 1 in the presence of local authorities, come as Brad–Hunedoara continues to search for long-term economic alternatives after years of industrial decline. […]
Ukraine’s Security Service, or SBU, announced on Wednesday, December 3, that all its “Sea Baby” maritime drones engaged in operational missions in the Black Sea region have been identified, that it has not lost any of them, and that none entered Romanian territorial waters. The announcement came after Romania’s Defense Ministry said in a press […]
Rescuers part of the Brașov County Salvamont Service spent the night in the Bucegi Mountains on Wednesday to Thursday, December 3-4, to continue searches for missing 18-year-old British citizen George Smyth. In the morning, the team of 17 mountain rescuers who slept in a chalet resumed the search in the Țigănești area despite difficult conditions […]
