The National Bank of Romania (BNR) has approved the direct acquisition by Dan Ostahie, Altex founder and CEO (90.10%) and Real Estate SRL (9.89%) of a 100% stake in the share capital and voting rights of Porsche Bank Romania SA.According to the agreement between Porsche Bank AG and Dan Ostahie, the seller undertakes to transfer the ownership of the bank's shares and the buyer undertakes to take over the business on the basis of the balance sheet at the date of the transaction.According to a press release from the buyer, sent to AGERPRES on Wednesday, the agreement does not provide for the transfer of the "Porsche Bank" trademark or the right to use it. The bank's new trade name will be "Credex Bank."The transaction will be finalised by the end of July 2024, and the bank will remain operational both until then and after the takeover by the new shareholder, specifies the source.
The second edition of the FILMIKON International Festival, showcasing films awarded by ecumenical juries, will take place this month in several cities in Romania, including Bucharest, Iași, Oradea, and Cluj-Napoca, as well as in the Vatican. The event, organized by SIGNIS Romania, will feature a selection of films recognized at over 30 international film festivals […]
Romania is set to have the sixth strongest passport in the world after being accepted into the US Visa Waiver program, which grants Romanians visa-free access to the United States, the Romanian Diplomatic Institute said on social media. In the present Passport...
Romania’s Ministry of Agriculture and Rural Development (MADR) participates in the 89th edition of Green Week (Grüne Woche) international trade fair in Berlin, Germany. Romanian agro-food products recognized nationally and internationally will be promoted at the event held between January 17 and 26. At the MADR stand, visitors will have the chance to sample a variety […]
Romania’s Danube Delta will host a large scientific hub where Romanian and international researchers will study floods, droughts, biodiversity, and water quality for the ecosystems of rivers. The center will be built in Murighiol and will be the first international consortium of its kind headquartered in Romania. The building, expected to be completed in 5 […]
Computer Generated Solutions (CGS), a global leader in outsourcing services, software applications, and AR/VR-based learning solutions, announced the appointment of Vladimir Sterescu as president of the Global Outsourcing Division. He becomes the first Romanian to reach a top position in CGS's global leadership structure. In his new role, Sterescu will oversee global teams comprising over […]
Databricks, a tech giant with two Romanians among its founders, secured USD 5 billion in funding from creditors such as Blackstone, Apollo Global Management Inc., and Blue Owl Capital Inc., marking the largest amount raised in the company's history. A group of banks, including JPMorgan, Barclays Plc, Citigroup Inc., Goldman Sachs Group Inc., Morgan Stanley, […]
