The Competition Council is analysing the transaction by which Intesa Sanpaolo S.p.A. intends to take over First Bank S.A, the competition authority announced on Friday.Intesa Sanpaolo S.p.A. is mainly active in the financial-banking sector, being the parent company of the Intesa Sanpaolo group. The Intesa Group is present in Romania through its Romanian subsidiary, Banca Comerciala Intesa Sanpaolo Romania S.A.First Bank S.A. is a credit institution active on the financial-banking services market in Romania, operating a network of 40 branches and offering services to both individuals and legal entities.According to the provisions of the Competition Law (no. 21/1996), this operation must be authorised by the Competition Council, which will assess it in order to establish its compatibility with a normal competitive environment and will issue a decision within the time limits provided by law.Any comments and points of view may be submitted to the competition authority within 20 days of the date of this notice.
Maia Sandu, the president of the Republic of Moldova, has been awarded the Franz Josef Strauss Prize by the Hanns Seidel Foundation in recognition of her commitment to democratic values, the rule of law, and her support for Ukraine. The award ceremony took place in the Kaisersaal of the Munich Residenz and was attended by […]
Romania’s new ruling coalition, composed of the National Liberal Party (PNL), Social Democratic Party (PSD), Save Romania Union (USR), the Democratic Alliance of Hungarians in Romania (UDMR), and representatives of national minorities, signed a political agreement on Monday, June 23, outlining the structure of the incoming government, the rotation of the prime minister’s office, and […]
InterContinental Athénée Palace Bucharest is pleased to announce that Chef Michael Passarelli has joined the team as Chef de Cuisine at JORJ, the hotel's iconic dining venue, recently reopened following a comprehensive renovation totalling EUR 3.2 million. With a career spanning over 20 years in top restaurants across Romania, Italy, Belgium, the Netherlands, and Switzerland, […]
A powerful story of survival and displacement took center stage at the 23rd edition of the Transilvania International Film Festival (TIFF) in Romania, as To a Land Unknown (UK) claimed the coveted Transilvania Trophy. The EUR 10,000 award was presented during the festival’s Closing Gala at the National Theatre in Cluj-Napoca on Saturday evening, June […]
Romanian star tennis player and former women’s world no. 1 Simona Halep announced that she will play at the Concord Iaşi Open tournament on July 9 during an exhibition match. The former WTA leader will step onto the court alongside Andrei Pavel, as well as other well-known names that have not yet been revealed during […]
Claudiu Târziu, a former leader and co-founder of the far-right party Alliance for the Union of Romanians, or AUR, launched a new conservative party on Saturday, June 21, in opposition to the announced centrist government. Named The Conservative Action party, the new formation “will harshly sanction every deviation of this treacherous coalition,” the leadership said […]
