Commander of Turkey’s Armed Forces General Hulusi Akar is paying an official visit to Romania, having so far met Romania’s Defence Minister Mihnea Motoc and Chief of Romania’s Army Staff Nicolae Ciuca. Romania’s Defence Ministry (MApN) says in a press statement that discussed at the meeting of Motoc and Akar on Tuesday were regional security […]
The retail investors placed orders for 47 million shares of Premier Energy during the first three days of the one-week IPO carried out by the natural gas and electricity utility company – more than six times the 7.5 million package initially earmarked for them (including the 20% supplementary option), according to
Romania’s trade deficit (goods only) narrowed by 1.5% y/y to EUR 6.7 billion in Q1, marking the fifth consecutive quarter of negative annual dynamics, according to data published by the statistics office INS. Subdued industrial activity and lower imports of automobiles (a significant foreign trade item) due to weak sales driven by delayed government-backed schemes […]
OTP Bank Romania's Q1 consolidated net profit was RON two million, down 88 percent year-over-year, the financial institution said in a release on Friday.The result was influenced by the lower revenues compared to the previous quarter, the higher operating expenses, and the new tax introduced in the banking sector in 2024, which requires the bank […]
- IMF projecting a 2.8% GDP growth for Romania, and 3.1% GDP growth for Emerging and Developing Europe overall - surpassing the 1.7% of advanced economies, CEE is becoming a critical region for international business expansion. - As pioneering global businesses in CEE mature, they share challenges such as managing regional brand perceptions, accessing capital, managing local […]
The European Investment Bank (EIB) released the extensive research conducted by the Vienna Initiative working group on climate change and financial stability, entitled Greening the financial sector: A Central, Eastern and South-Eastern European perspective. The report provides valuable insights and recommendations on navigating the complexities of climate-related risks and fostering sustainable financial practices across Central, Eastern, and […]
NN Romania and ING Bank Romania have supported over 1 million customers to benefit from financial protection through solutions developed as part of the strategic partnership started 10 years ago, including life, health, job loss and loan insurance. In the situations covered, customers who needed their insurance or their families have received a total of 25 million […]
