Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Biggest financial group in Romania celebrates 30 years...

Biggest financial group in Romania celebrates 30 years since launch: from USD 2 mln initial capital to EUR 4 bln capitalization

February 16, 2024

Founded in February 1994, in Cluj-Napoca, by a group of 46 Romanian entrepreneurs, Banca Transilvania (BVB: TLV) has grown into the biggest financial group in Romania and Southeast Europe, with over 4 million clients.

Launched with an initial investment of USD 2 million, Banca Transilvania now boasts a market capitalization of EUR 4 billion and 53,000 shareholders, which makes it one of...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/banca-transilvania-celebrates-30-years-annyversary
Read in full - click here
Head of Romanian Orthodox Church highlights “united voice of Christians” in message to pope Leo XIV

The Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]

Organizers of Romania’s Untold festival offer RON 150 voucher for voters

The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]

Bucharest's Open Streets program brings vintage cars, shows, lights festival this weekend

The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]

Stimulating exports eases deficits, Nobel-awarded economist Joseph Stiglitz says at event in Romania

Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits.  Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]

Romania's Constitutional Court validates results of presidential elections' first round

The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections.  It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]

Olea - Middle’terranean breeze seasonality reopens with an elevated dining experience

Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]