The year 1989 brought along a geopolitical quake of big magnitude, too little anticipated by specialists – historians, politologists, sociologists economists etc. One by one, like in a classic domino scheme, communist regimes in the Centre and South East of Europe collapsed like sand castles. The big and mighty protective power, the Soviet Union, who [...]
Romania's prime minister, Marcel Ciolacu, said in the evening of May 12, speaking for Antena 3, that the minister of defense Angel Tîlvăr expressed in a discussion "serious reservations" about the possibility of Romania giving a Patriot defense system to Ukraine. "But the decision is taken together with the president in the country's supreme defence […]
Banca Transilvania, the financial group that includes the largest bank in Romania by assets, announced its consolidated net profit increased by 35% y/y to RON 1.13 billion (EUR 226 million) in Q1. The bank's net profit was RON 913 million, marking the same 35% annual advance. The group's assets reached approximately RON 176 billion, while […]
Chimcomplex (BVB: CRC) announced it completed a EUR 2.4 million (eligible value) project aimed at implementing innovative green technology to produce new environmentally friendly polyols on April 30. The project was implemented at the industrial platform at Ramnicu Valcea (formerly Oltchim platform), and it was co-financed through the “Business Development, Innovation, and SMEs” program, with […]
The Czech agri-food group Agrofert, controlled by former prime minister Andrej Babis, received the European Commission's approval to take over the Romanian grain and oilseeds trader East Grain. The transaction relates primarily to a 65% stake in the Romanian company, taken over through a capital increase, Ziarul...
Mexican bakery group Bimbo informed its shareholders that a year after it took over Romania’s leading player Vel Pitar for EUR 200 million, it expanded with another deal that includes Trei Brutari and three franchisees owned by local entrepreneur Andrei Siminel,
Bank analysts turned more cautious about predicting an imminent rate cut at the May 13 board meeting of the National Bank of Romania (BNR), as both domestic and external developments over the past month are supporting a more cautious approach on the side of the monetary authority. The concerns are mostly related to the impact […]
