Traditionally, summer has always generated new, alternative spaces for showing films, and generally more diverse screenings: documentaries, fiction, hybrid, features, many shorts. We have already covered some for you
OTP Bank Romania's Q1 consolidated net profit was RON two million, down 88 percent year-over-year, the financial institution said in a release on Friday.The result was influenced by the lower revenues compared to the previous quarter, the higher operating expenses, and the new tax introduced in the banking sector in 2024, which requires the bank to pay an additional 2 percent of turnover. Consequently, the payable tax is now in excess of RON 13 million compared to RON 5 million in the previous quarter.The operating profit posted for Q1 2024 was RON 45 million, by 34 percent lower compared to Q4 2023.Net interest income was 4 percent down from the previous quarter, at RON 177 million, net income from fees and commissions increased 41 percent, while other incomes were 30 percent down.The total risk cost decreased by 19 percent compared to the previous quarter, reaching RON -29 million.The volume of performing loans dipped 3 percent compared to the previous quarter, the volume of deposits decreased 2 percent from the last quarter of 2023, and the volume of corporate deposits went down 10 percent.The bank's assets expressed in accordance with the local reporting standards reached RON 19.7 billion, in line with the figure recorded in 2023.OTP Bank Romania is a subsidiary of OTP Group. After four years of steady and considerable growth in all business lines, OTP Bank Romania is moving towards a process of consolidating its portfolio and operations. In Romania, the members of OTP Group are: OTP Bank Romania, OTP Consulting, OTP Leasing, OTP Asset Management, OTP Factoring, OTP Advisors and OTP Bank Romania Foundation.OTP Group is headquartered in Hungary and has been listed on the Budapest Stock Exchange since 1995.
Traditionally, summer has always generated new, alternative spaces for showing films, and generally more diverse screenings: documentaries, fiction, hybrid, features, many shorts. We have already covered some for you
Tarom, the state-owned Romanian airline, estimates that it will register a net profit of RON 278 million (EUR 55.9 million) in 2024, after losses of RON 99.4 million (EUR 20 million) in 2023, according to this year’s revenue and expenditure budget. The company has been losing money since 2007. The airline’s management states in the budget […]
Dacia and Ford produced 292,378 cars in Romania in the first six months of the year, an increase of 8.66% compared to the same period in 2023, when 269,088 units were produced, according to data published on Friday by ACAROM – the Romanian Automobile Manufacturers Association cited by Economedia. ...
Romanian prime minister Marcel Ciolacu met with Hungarian counterpart Viktor Orban on Friday, July 26. The main discussion topics were the Budapest–Bucharest high-speed train and Romania’s full accession to the Schengen Area. "Today I had a pragmatic discussion with the prime minister of Hungary, Mr. Viktor Orban, on topics of mutual interest regarding our bilateral […]
The Executive Directors of the World Bank Group have approved a Development Policy Loan for Romania amounting to EUR 599.1 million, with a dual focus on economic and environmental sustainability. The loan will allow Romania to make reforms aimed at strengthening the country's fiscal framework, promoting green and inclusive economic growth, and stimulating private-sector investment. […]
Savor chef-crafted masterpieces at live stations while enjoying the beats of our live DJ. For over 20 years, JW Marriott Bucharest Grand Hotel has been the top brunch spot in Bucharest. Every Sunday from 12:30 PM, JW Steakhouse offers a gourmet haven with an extensive menu featuring USDA beef, seafood, French cheese, Italian pasta, and […]