Victoriabank, part of the Banca Transilvania Financial Group, has taken the first step today toward a new acquisition in the Republic of Moldova, in the microfinance sector. Representatives of Victoriabank and Microinvest, the market leader in microfinance in Moldova, signed an agreement in Chisinau through which Victoriabank will acquire Microinvest. The new acquisition will support the growth of Victoriabank, the third-largest bank in the Republic of Moldova, by diversifying its offerings, bringing in a large number of new clients, and gaining expertise in microfinance. Microinvest is the largest non-bank lending company in Moldova, with a solid market share, 40,000 clients (both individuals and legal entities), 350 employees, and 17 branches. It provides financing for SMEs, agribusinesses, as well as clients’ personal plans. “Microfinance is a key niche for the Banca Transilvania Financial Group, developed through BT Mic, BT Direct, and Banca Transilvania. We aim to replicate in Moldova the success we’ve had in Romania in supporting clients through microfinance and in the area of acquisitions,” said Bogdan Plesuvescu, Deputy CEO, Banca Transilvania. “The acquisition of Microinvest reflects Victoriabank’s strategy of growth through acquisitions. Microinvest has always been a company we admired for redefining microfinance in Moldova with innovative products and strong client relationships. We appreciate its success, the professionalism of its team, and its positive impact on the local economy,” said Levon Khanikyan, President of Victoriabank. “We are honored by the trust placed in us and see this change as an opportunity to accelerate our impact on Moldova’s economy. Microinvest remains true to its mission – to provide accessible, personalized, and responsible financing throughout the country. The support of a strategic shareholder like Victoriabank, part of the Banca Transilvania Financial Group, strengthens our ability to innovate, expand our range of financial products, and get closer to clients across all regions,” said Dmitrii Svinarenco, CEO of Microinvest. The transaction will be finalized after obtaining approvals from regulatory and supervisory authorities in both Romania and Moldova. Until then, Microinvest will continue to operate independently. Banca Transilvania Group collaborated with legal and financial advisors from both Romania and Moldova—Filip & Company, Vernon | David and Associates, and PWC—for the evaluation and preparation of the transaction. Victoriabank recently completed its merger with BCR Chisinau, marking the successful conclusion of Banca Transilvania Group’s first acquisition in the Republic of Moldova.
Romanian gas producer Romgaz (BVB: SNG) has filed an action with the European Court of Justice against the European Commission, requesting the annulment of certain regulations that impose CO2 storage quotas on oil and gas companies. The company considers the quotas disproportionate. It is the first time that Romgaz has initiated a direct action against […]
Bucharest residents can donate clothes in good condition, non-perishable food, and toys for the families affected by the explosion that left 3 dead and many others injured, and nearly collapsed the apartment building in District 5 on Friday, October 17. "Following the devastating explosion in District 5, entire families have been left without housing, and […]
RoPower Nuclear, the developer of the SMR (small modular reactor) project in Doiceşti, Romania, announced the signing of a contract with Studsvik Scandpower, one of the global leaders in software dedicated to nuclear fuel analysis, on Friday, October 17. The president of the Swedish group emphasized that Romania is setting an important precedent for the […]
Energy regulator ANRE has launched an investigation into whether the gas distributor followed proper safety procedures before the powerful explosion that killed three people and injured others at an apartment building in Bucharest’s Rahova district on Friday morning, October 17. According to
In the first half of 2025, Romania ranked 52nd worldwide among the countries most frequently affected by cyber activities, according to the new Microsoft Digital Defense Report. The sixth annual report, covering trends from July 2024 to June 2025, emphasizes that traditional security measures are no longer sufficient. Modern defenses and strong collaboration between industries […]
Via Transilvanica, the long-distance trail that traverses Romania’s cultural, historical, and natural landscapes, has been awarded silver in the “Peace, understanding and inclusion” category at the 2025 Europe Responsible Tourism Awards. The initiative is organized by the International Centre for Responsible Tourism Global (ICRT Global). The award ceremony took place at the Press Club Brussels […]
