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.
Brașov, the popular mountain city in central Romania, will no longer host a fireworks display on New Year’s Eve, the City Hall announced. The decision, the authorities say, aims to protect pets and wildlife from the stress and harm caused by loud explosions, as well as the environment from chemical pollution. Instead of fireworks, the […]
Romania’s Social Democratic Party (PSD), part of the governing centrist coalition, is backing District 4 mayor Daniel Băluță for the general mayor of Bucharest. Elections will take place on December 7. Interim party leader Sorin Grindeanu first talked about the appointment following discussions with the PSD in Bucharest. “We had a meeting with colleagues from […]
More than one year after its launch, Attractive Romania/România Atractivă - part of the country’s first national program dedicated to cultural tourism - announced a major expansion. The platform added 450 new tourist landmarks and launched multilingual access in six languages. The digital platform, developed as part of the National Recovery...
Romanian-born author Patricia Furstenberg invites readers into the shadowed heart of Transylvania with her 1000-word story The Night of Returning Souls. “Let me show you the world as it once was,” she told Romania-insider.com, introducing a haunting tale set on All Saints’ Night, when the veil between the living and the dead grows thin. “In […]
Three tourists climbing Romania’s Făgăraș Mountains died this past weekend in separate accidents after slipping hundreds of meters down steep, ice-covered slopes. According to the mountain rescuers, two of the victims may not have had the necessary equipment for winter conditions. Their bodies could not be recovered immediately because of the late hour, officials said, […]
Timișoara mayor Dominic Fritz and environment minister Diana Buzoianu signed the financing contract for the construction of the city’s first photovoltaic park, with a value exceeding RON 32 million (EUR 6.29 million), on Monday, October 27. The new photovoltaic park will have a capacity of 5.6 MW and will produce annually, on average, nearly 7,800 […]
