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.
SoNoRo Musikland, the chamber music festival celebrating the architectural heritage of Transylvania, has scheduled this year concerts in Sibiu and Copșa Mare, in addition to Cincu, Saschiz, Meșendorf, Criț, Viscri, Codlea, Făgăraș, and Brașov. This year's program spans 16 days and 23 events, comprising 16 concerts, two jam sessions, and five concerts for children held […]
The General Prosecutor's Office sent to trial former presidential candidate Călin Georgescu for promoting the cult of war criminals and spreading fascist, legionary, racist, and xenophobic ideas, News.ro...
DP World has inaugurated the first drive-through cargo scanner in Central and Eastern Europe at its RO-RO terminal in the Port of Constanța. According to the company, the new system significantly cuts truck inspection times, boosting trade efficiency across the region. The high-tech scanner reduces inspection times for import and transit trucks from up to […]
Quality of life and social well-being slightly improved in Romania in 2024, while it stagnated or declined in the majority of the countries globally, according to the Social Progress Index, measured in 170 countries worldwide by the non-profit organization Social Progress...
Intelligent process automation solutions provider FWF, part of the AROBS Group, has been recognized by Romanian-born unicorn UiPath, a global leader in agentic automation, as an Agentic Automation Fast Track Partner, joining an elite group of UiPath partners. The distinction recognizes FWF by AROBS’s commitment to being at the forefront of innovation in enterprise automation, […]
Only 27.7% of Romanians had basic digital skills in 2023, below the EU average of 55.56%, according to the Digital Decade 2025 Country Report – Romania, conducted by the European Commission. In Romania, the authorities responsible for building a digital skills framework for public...
