How the European Council and European Commission handle Romania’s deficit adjustment path will set the tone for how other EU countries relate to the Union’s fiscal rules, said Mateusz Szczurek, lead EU economist at the European Bank for Reconstruction and Development.
Present at The Economist’s Fourth Romanian Business & Investment Roundtable, held on April 3-4 in Bucharest, Szczurek argued that the EU is in the process of reformulating its fiscal framework and...
Analysts of the Concorde Securities brokerage house, based in Budapest, reiterate their buy recommendation and maintain the target price of RON 84 (versus RON 66.4 current market price) for the shares of the telecommunications operator Digi Communications (BVB: DIGI). The potential return thus amounts to 26.5%. "Key performance indicators are largely in line with our […]
The Terveystalo Group, the largest private healthcare operator in Finland, is reportedly in talks to take over Romanian peer Regina Maria in a deal estimated at EUR 1.0-1.2 billion from the investment fund Mid Europa Partners, according to Ziarul Financiar. The exit process envisaged by Mid Europa Partners...
CEC Bank, the largest state-owned bank in Romania, announced on November 19 at the Bucharest Exchange (BVB) that it prepared a prospectus to update the existing medium-term bond program (MTN Programme), approved by the Luxembourg financial sector supervisor (CSSF), in the sense of increasing its planned size from the equivalent of EUR 600 million to […]
Grants in total amount of RON 350 million (EUR 70 million) were given to two Romanian entrepreneurs under the Investalim scheme aimed at the food industry for developing two sunflower refining plants in Agigea (Constanta County) and Tantareni (Gorj County) under two projects with a total value of RON 650 million. The investments come after […]
Fitch Ratings improved the rating of Romanian financial group Banca Transilvania (BVB: TLV) from BB+ to BBB-, with a stable outlook, bringing the bank's shares in the investment grade area. The Viability Rating (VR) has been upgraded to bbb- from bb+. One week earlier, Moody's confirmed its rating for TLV at the equivalent level (Baa3), furthermore […]
Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18. The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be […]
