Vista Bank has completed the acquisition of the total number of shares in Alpha Leasing Romania (which also holds 100% of Alpha Insurance Brokerage (Romania)) owned by Alpha Bank S.A. and Alpha International Holdings S.M.S.A. (100% subsidiary of Alpha Bank S.A.), having obtained the required approvals from the Romanian Competition Council. Mr. Georgios Athanasopoulos, Chief Executive Officer of Vista Bank says: “The acquisition of Alpha Leasing in Romania will further strengthen our position in the Romanian leasing market, allowing us to better serve our customers and capitalize on the expertise of our colleagues. We sincerely appreciate the responsiveness and professionalism demonstrated by the representatives of Alpha Bank S.A. and Alpha International Holdings S.M.S.A. throughout this transaction.” PWC and David & Baias provided tax & legal advice for this transaction. Vista Bank is operating in Romania since 1998 through a network of 35 branches and 5 Business Centers providing a full range of products and services to local and international clients.
Romania’s prime minister Ilie Bolojan reportedly opposes the idea of further prolonging the price-capping mechanism introduced in August 2023 and repeatedly extended so far, according to Ziarul Financiar. Ambiguous statements over the weekend indicated an incipient conflict among the ruling coalition’s...
Several thousand civil servants rallied in Bucharest on September 15 to oppose government reform plans that would reduce public administration staff, Radio Romania Actualități reported. Protesters gathered in Victoriei Square before marching to the Palace of Parliament,...
A memorandum establishing a new stock exchange in the Republic of Moldova was signed on September 15 in Chișinău, with the Bucharest Stock Exchange (BVB) set to play a key role as shareholder and technology partner, according to Bursa.ro. The new Moldovan exchange will run...
The “service pensions”, also known as special pensions, paid to civilians (military not included in the report), cost the state budget and the state social insurance budget a total of RON 2.2 billion in 2024, over 22% more than in 2023,
The Czech company Tesla has officially announced to the government and local authorities that it is abandoning the project to build the energy storage factory in Brăila, an investment of EUR 90 million that was also to receive state aid, according to
Romanian households' purchasing power has deteriorated in July, both as a result of slower nominal advance (+5.2% y/y, the weakest in four years) but also because of a sharp rise in inflation (7.68% y/y) following the VAT rate hike, according to data published by the statistics office INS. The average net wage dropped by 3.0% […]
