The Italian group UniCredit announced on November 4 that it had completed the transaction by which it bought the majority stake in Alpha Bank Romania in a cash and equity deal that created the third-largest banking group in the country (after Banca Transilvania and BCR) with a market share of 12% by assets.
Under the deal, Italian group UniCredit has acquired a 90.1% stake in Alpha Bank Romania from parent group Alpha International Holdings SMSA for a price composed of 9.9% of the share...
Romania’s General Prosecutor’s Office announced the reclassification of the charges brought against former presidential candidate Călin Georgescu from instigator to accomplice in the “commission of actions against the constitutional order.” The statement published Monday, August 4, by the General Prosecutor’s Office does not name Georgescu directly, but refers both to the case in which the […]
Roughly 130,000 cartridges prepared for delivery were destroyed after a fire broke out at a warehouse part of the Cugir Mechanical Plant, in central Romania, on Saturday, August 2. No victims were reported, and an investigation is currently ongoing. The fire started around 2 AM, initially over an area of 300 square meters, which later […]
Uber and Bolt, the two alternative transportation platforms that dominate the Romanian market, have together registered over 100,000 affiliated drivers by the end of May 2025, according to official data from the Romanian Road Authority (ARR) reported at the request of Ziarul Financiar. The drivers who...
Romania’s president Nicuşor Dan signed 96 decrees approving the retirement of magistrates on August 1, with most leaving the judiciary immediately and the remainder scheduled to retire on September 1, Cursdeguvernare.ro reported. Among those stepping down is Corina Corbu, President of the High Court of Cassation and Justice (ICCJ). The wave of retirements...
The number of new cars registered in Romania dropped by 16.4% y/y to 80,718 in January-July despite a 25.3% y/y rise to 16,362 units in July, according to data published by the Romanian Car Manufacturing Association ACAROM. The lack of state grants for new car purchase, promised by the Ministry of Environment for December, certainly contributed […]
Raiffeisen Bank has cut its projection for Romania’s economic growth in 2025 to 0.7%, citing the impact of a challenging global trading environment and slowing international demand, the Austrian lender said in its semi-annual report. The bank now expects Romania’s gross domestic product (GDP) to grow by 1.3% in 2026,
