OTP Bank Romania announced a 66% increase in the number of digital product users in the last year and a half, and one of the bank's most popular digital solutions, the SmartBank application, was adopted by over 80% of customers."One of the bank's most popular digital solutions, the SmartBank app, has been adopted by over 80% of customers, allowing them to manage banking directly from their mobile devices. This has contributed to an impressive 79% increase in transactions made through Internet & Mobile Banking services. Soon, customers will enjoy a new experience offered by the SmartBank application, upgraded with new functionalities that allow the customization of the dashboard according to individual needs and preferences," according to a press release from the bank.Constantin Mares, Deputy General Director of OTP Bank Romania, Digital Division, showed that the bank has focused, in the last 4 years, on digital transformation, with the aim of aligning itself with the current requirements of clients and offering them personalized experiences.OTP Bank was recognized for its achievements in the digital field, obtaining awards such as "Best performance mobile banking - Largest number of transactions" and "Best performance in internet banking - Quota clients of legal entities" awarded by Finmedia. Also, the PF Online Onboarding Flow was designated by Finnoconsult as "The best flow in the Online Onboarding category", and OTP was recognized in the Top 3 digitized banks in Romania by Finnoscore.
Train ticket prices will rise by nearly 10% starting December 14, when the new 2025–2026 railway timetable comes into effect in Romania, officials confirmed on Wednesday, as reported by Agerpres. The increase of 9.88% reflects the annual inflation index published by the National Institute of Statistics (INS), in line with...
Deputy prime minister Oana Gheorghiu will lead a working group tasked with reforming Romania's loss-making state-owned companies, prime minister Ilie Bolojan said in an interview with ProTV, as reported by G4media.ro. Her predecessor, Dragos Anastasiu,
Romanian prime minister Ilie Bolojan, on November 19, in an interview given to ProTV and quoted by Hotnews.ro, explained that the pension-wage cumulation ban will apply only to the so-called special pensions, namely those not based on past contributions, as opposed to all pensions as implied by Social Democrat (PSD) labour...
Statements by Romanian prime minister Ilie Bolojan about cutting by 10% the total personnel budget for all ministers and other similar contracting units, as opposed to only the central administration of the respective bodies, prompted on November 19 a radical reaction from the Social Democratic Party (PSD) and trade unions in the public sector. No […]
Romania’s Ministry of Labour unveiled for public consultations the revised law on magistrates’ pensions, and the government, in a press release, expressed its hope that the approval process, including by the Superior Council of Magistracy (CSM), will proceed expeditiously. However, CSM vice president Claudu Sandu has already publicly rejected the law as insufficient. The bill is […]
PPC, the largest power supplier in Greece, also active in Romania with distribution, production, and supply operations after it took over Enel's operations in the country, announced at the Capital Markets Day event investment plans worth EUR 3 billion over the next three years in Romania, according to Economica.net....
