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.
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
The minister of economy, Radu Miruţă, announced that the Agency for Monitoring and Evaluation of Public Enterprises' Performance (AMEPIP) fined him, as a natural person, for "wanting a clean and fair management at a state-owned company" - Avioane Craiova. The fine is apparently linked to comments made by minister Miruţă about the management teams appointed […]
The Chamber of Deputies, as a decision-making body, adopted the Law on Combating Antisemitism and Xenophobia on December 17, after the law was first referred to the Constitutional Court and then sent back to Parliament for re-examination by president Nicușor Dan, who indicated ambiguous formulations in the text that would excessively extend its scope, making […]
Greenvolt Group, through Greenvolt Power, a developer of wind, photovoltaic, and battery energy storage projects, announced that it has agreed to the sale of a 253 MW onshore wind project in Ialomița County to Engie Romania, a subsidiary of Engie Group. This agreement follows a series of successful asset-rotation operations announced by Greenvolt in 2025, […]
