Banca Transilvania (BVB: TLV), the largest financial group by assets in Romania, reported a net profit of RON 3.9 bln (EUR 780 mln) in the first nine months of this year, up 70% y/y.
The group took over the local subsidiary of the Hungarian bank OTP Bank in July this year.
The group's market capitalisation is nearly RON 26 bln (EUR 5.2 bln) after its shares rose by 43.8% y/y compared to a 19.5% y/y advance of the blue chips index BET.
Subsidiaries and equity participations...
MerchantPro, local SaaS eCommerce platform, analyzed the performance during the week leading up to Black Friday 2024, confirming the establishment of Black Week as an extended shopping event that captures consumer interest over seven days. Data collected from a sample of approximately 1,000 local online stores shows a 5% increase in the number of orders...
The sixth edition of the Classix Festival takes place in Iași between February 23 and March 2, 2025. According to the organizers, the event's new concept, Revelations!/Revelații!, "outlines moments of profound clarity, unexpected inspirations, and mind-blowing discoveries." "After previous editions focused on the discovery of desires (2024), metamorphoses (2023), and the primal instinct of music […]
A natural Christmas tree was recently installed in Sfatului Square in downtown Brașov, one of the popular mountain resorts in the country, and the City Hall says it is the tallest in Romania. The tree reaches an impressive height of 29 meters, with 26 meters visible above ground, making it one of the tallest ever […]
More than eight out of ten Romanian respondents to the annual Climate Survey commissioned by the European Investment Bank (EIB) recognize the need to adapt their lifestyle due to the effects of climate change. Among the challenges facing Romania, respondents ranked climate change second only to the increased cost of living. The EIB released its […]
European Digital Commerce (EDC), the event organized by VTEX and Amazon Web Services, on 18 November, at Nord Events, brings an exclusive B2B study that provides relevant data on the trends and challenges facing retailers in the digital age. In a permanently changing landscape, VTEX's study with MKOR shows that 65% of retailers have chosen […]
Car insurance comparison experts at Compare the Market AU analyzed various factors, including electric charger availability, average congestion, and accident rates, to reveal the most stressful countries for drivers, and Romania took the top spot. At the other end of the ranking, the Netherlands took the stress-free crown. Romania ranks as the most stressful country […]
