Seven former United States ambassadors to Romania signed a joint letter one week before the second round of the presidential elections on May 18, warning of the dangers posed by a pro-Putin president, G4media.ro...
Intesa Sanpaolo SpA has concluded negotiations for the acquisition of First Bank in Romania from the American investment fund J.C. Flowers, according to market sources. Some of First Bank’s employees have already been informed about this transaction through an internal communication. Marco Elio Rottigni, Head of the International Subsidiary Banks Division at Intesa Sanpaolo, stated, “We welcome First Bank’s employees and customers to the Intesa Sanpaolo Group. This operation doubles our presence in Romania, a country with significant economic growth and strong ties to Italy, aligning with our strategy to leverage value opportunities while maintaining a focus on organic growth and profitability stimulation. The expansion into Romania reinforces our position as a strong bank in Central and Eastern Europe and actively supports the internationalization of Italian companies. We look forward to soon collaborating with our new colleagues.” The transaction is subject to approval from relevant regulatory and competition authorities and is expected to be completed in the first half of 2024. As of December 2022, Intesa Sanpaolo is Italy’s largest bank with assets totaling €975 billion. Intesa Sanpaolo Bank is the subsidiary of the Intesa Sanpaolo Group in Romania. Initial reports regarding a potential deal had emerged earlier in the summer. Following the acquisition of First Bank, Intesa could potentially secure a position in the top 10 banks in Romania based on assets. This month, PKO Bank Polski, Poland’s largest bank in terms of assets, announced its intention to enter the Romanian market, where it will commence operations in 2024.
Seven former United States ambassadors to Romania signed a joint letter one week before the second round of the presidential elections on May 18, warning of the dangers posed by a pro-Putin president, G4media.ro...
Romania won eight medals, namely two gold, two silver, and four bronze, at the Under-21 European Table Tennis Championships in Bratislava, Slovakia. Eduard Ionescu and Darius Movileanu won gold in the men's doubles, after defeating the pair Andre Bertelsmeier (Germany) / Tiago Abiodun (Portugal) in the final with a score of 3-1. The win came […]
Bog’Art Residential, part of the Bog’Art Group, a developer of premium residential properties in Central and Northern Bucharest, acquired a plot of land in an ultra-central area of Bucharest and formed a strategic joint venture with a Spanish investor for the development of a boutique residential complex valued at about EUR 20 million. The project […]
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded a turnover of EUR 70.7 mln in Q1 2025 and a gross profit of EUR 22.6 mln, while the net profit for the three months stood at EUR 19.3 mln. “The first quarter of 2025 unfolded in a […]
The Romanian team participating in the 2025 Asian Physics Olympiad, held in Saudi Arabia, achieved the remarkable performance of winning seven medals, namely two gold, two silver, and three bronze medals, as well as an honorable mention. The competition, now in its 25th edition, was held in Dhahran, in the Kingdom of Saudi Arabia, with […]
Interim president Ilie Bolojan said on Monday, May 12, that he would vote for independent candidate Nicușor Dan in the second round of Romania’s presidential election. Dan, the current mayor of Bucharest, runs against George Simion, the leader of the far-right party AUR, in the election scheduled for May 18. In an interview with