Moody’s Ratings has reaffirmed Banca Transilvania’s deposit and issuer ratings, maintaining the bank’s ratings at Baa1/P-2 and Baa2/P-2, respectively. The agency also maintained the bank’s baseline credit assessment at ba1, as well as its counterparty ratings and ratings associated with bonds issued by the bank. Moody’s assessment reaffirms Banca Transilvania’s key strengths, including its robust capitalization, profitability, operational efficiency and broad customer funding base. These factors support the resilience of the bank’s business model, the stability of its funding sources, its strong liquidity and its ability to continue supporting the Romanian economy and millions of customers over the long term. For investors, the confirmation of Banca Transilvania’s ratings represents an independent validation of the bank’s ability to deliver financial performance. For customers, it reflects the bank’s financial strength as it continues to finance the development of the Romanian economy and the entrepreneurial sector. The outlook for Banca Transilvania’s long-term issuer rating remains stable, while the outlook for its long-term deposit rating remains negative, in line with Moody’s assessment of the macroeconomic environment and the risks associated with Romania’s sovereign rating.
The gondola lift in the popular mountain town of Sinaia has been temporarily closed to passengers after monitoring reports showed significant and progressive movement of one of its support towers, the local authorities announced. Subsequent measurements confirmed that tower 2 on the Cota 1000-Cota 1400 section had shifted beyond safety limits. Sinaia is one of […]
L'Oréal Romania has appointed Guillaume Pitoiset as Country HR Director, starting in September 2026. With a 15-year career within L'Oréal Groupe, he combines experience in Corporate HR, project management, and leadership across benchmark European markets. Guillaume Pitoiset joined L'Oréal Groupe in 2011, initially working within the L'Oréal Luxe division, and in November 2012 took on […]
The National Liberal Party (PNL) has called on the Social Democratic Party (PSD) to publicly explain the participation of former Labour Minister Florin Manole in a private jet trip to Mykonos, Greece, alongside Constitutional Court judge Cristian Deliorga, former Prime Minister Victor Ponta, other former ministers and businesspeople. PNL said...
A total of 48% of Romanian 15-year-olds who took the OECD Program for International Student Assessment (PISA) tests in 2025 reached the minimum proficiency level (Level 2) in Mathematics, compared with 52% in Reading and 54% in Science. This is below the OECD averages of 65%, 69%, and 74%, respectively, according to the PISA 2025 […]
PNL Accuses PSD and AUR of Hypocrisy Over Political Reactions to CCR Controversy BUCHAREST, September 8, 2026 – The National Liberal Party (PNL) criticised the Social Democratic Party (PSD) and the Alliance for the Union of Romanians (AUR) on Tuesday, accusing the two parties of applying double standards in their political...
Türkiye were crowned European champions in women’s volleyball on Sunday evening after defeating reigning Olympic and world champions Italy 3-2 in a dramatic CEV Trendyol EuroVolley 2026 final in Istanbul, securing both the European title and a place at the Los Angeles 2028 Olympic Games. Playing in front of more...
