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.
Traffic (Jaful Secolului), a Romania-Belgium-Netherlands co-production directed by Belgian-Romanian director Teodora Ana Mihai from a screenplay by Romanian filmmaker Cristian Mungiu, has received the award for best film at the Tertio Millennio International Film Festival in Rome. The jury of the festival noted in its motivation the film's "ability to combine formal rigor and human […]
Cultural center Apollo111, located in downtown Bucharest’s Universul Palace, has announced the program of arthouse films Apollo111 Cinema. The performance venue of Apollo 111 has been refurbished and endowed for professional film screenings. It will run a weekly program of contemporary and classic auteur films, meetings with filmmakers, and an experimental area, meant to “explore […]
Chinese consumer electronics manufacturer Xiaomi announced the official opening of its first own store in Romania, in Bucharest, inside the ParkLake shopping center, on the ground floor, on November 22. The new store will have a surface area of 150 square meters and will bring to the public the latest smartphones, accessories, and smart devices […]
Two Romanians were injured in an armed incident in Taksim Square in Istanbul on Sunday, November 9. The two were part of a group participating in a cultural event, according to foreign minister Oana Ţoiu. “Last night, in Taksim Square in Istanbul, an armed attack with a pistol also injured two Romanian citizens visiting Turkey. The […]
The 15th edition of Black Friday, organized by retailer eMAG on November 7 this year, generated orders worth over RON 986 million (EUR 193.9 million), 10% more than last year. On a single day, over 702,000 customers ordered 3.5 million products from all categories. Customers bought over 8,500 tickets to festivals and experiences, almost 6.2 […]
The Romanian Film Festival in Washington, D.C will line up for this year’s edition six feature films and documentaries, each accompanied by introductions, post-screening discussions, and Q&A sessions. The event, organized by the Embassy of Romania to the United States and the Romanian Cultural Institute in New York, will take place from November 13 to […]
