We are pleased to announce the successful completion of Project Delta on April 30, 2024. This significant transaction involved the acquisition of a participation in a portfolio of sub-performing and non-performing loans secured with real estate collateral in Romania, as well as unsecured loans, with a total transaction size of approximately €400 million. The portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved. The European Bank for Reconstruction and Development (EBRD) financed 30% share of the participation in the portfolio, with the remaining funding provided by APS funds and managed accounts. APS Investments, which has diligently worked on this transaction since February 2023, underwrote the process, ensuring a seamless and successful outcome. "We are proud to have finalized the Project Delta transaction, which represents a significant achievement in one of our core markets," stated Martin Macho?, CEO and owner of APS Investments. "The collaboration of EBRD and APS has been instrumental in navigating this complex transaction." "This is the largest NPL portfolio transacted in the last 4 years in Romania. We are glad to have supported EBRD and our investment branch with this strategic opportunity, once again solidifying our corporate asset portfolio", said APS Romania CEO, Radu Dobre. The participation in the portfolio was acquired from Piraeus Bank, Greece, which successfully concluded the transaction, marking a strategic move in their divestment strategy. The closing of the Project Delta transaction underscores our commitment to driving financial stability and growth opportunities in Romania, setting a positive trajectory for future endeavors in the region. APS is a leading NPL investor and servicer active in 15 countries. APS currently manages over 100 NPL portfolios with a total nominal value of more than EUR 11 billion. About APS Group APS Group was established in 2004, and during its 18 years of existence, the company has managed to take a top position in 15 other countries. It operates mainly in the Central and South-Eastern European markets. The group's area of expertise consists of 3 pillars: distressed debt investments, alternative asset management, and real estate investments. APS Group currently manages 100 non-performing loan portfolios with a total nominal value of over EUR 11 billion. About APS Romania APS Romania was established in 2007 and currently operates with 250 employees. In 2022, its revenues were over EUR 7 million.
Representatives of the “Agrippa Ionescu” hospital in Bucharest confirmed on Monday, June 16, that former president Ion Iliescu has lung cancer. Earlier this month, former president Traian Băsescu also underwent a planned heart surgery at a hospital in Paris. Iliescu, who is 95 and was president of Romania from 1989 until 1996 and from 2000 […]
The phenomenon of violence against women perpetrated by their partners is more prevalent in Romania compared to other EU states, according to Eurostat data processed by Monitorul Social, a project of Friedrich-Ebert-Stiftung Romania, or FES. Almost half of the women in Romania (45.5%) have suffered psychological violence from their intimate partner, compared to the EU […]
The European Bank for Reconstruction and Development, or EBRD, is set to invest EUR 40 million in the company behind the region’s Burger King franchise, the Polish holding company Rex Concepts. The money will go toward supporting the chain's expansion by opening new quick-service restaurants in Poland, Romania, and the Czech Republic. Rex Concepts, backed […]
Via Transilvanica, the long-distance trail that crosses the country, has unveiled a kilometer milestone on Șimian Island, an island on the Danube located downstream of Drobeta-Turnu Severin. It is a symbolic extension for the trail, which stretches from Putna, in northern Romania, to Drobeta Turnu Severin, marking seven years since the Via Transilvanica project began […]
In 1905, the first Siemens company was established in our country. Siemens S.R.L. has consistently invested in education and human capital development, providing scholarships worth nearly €1,900,000 to undergraduate, Master's, and PhD students, for over 10 years. The company maintains long-term collaborations with prestigious technical universities in Bucharest, Brașov, Cluj-Napoca, and Iași. In 2025, Siemens […]
The organizers of Bucharest's Neversea Kapital festival, scheduled for July 4–6, announced the names of two more guests that will complete the lineup, namely house sensation John Summit and techno star Paul Kalkbrenner. John Summit is a big name in the house and electronic dance genres. Recognized by Rolling Stone as “The Hottest Name in […]
