* Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a 9.9% stake. Alpha Services and Holdings S.A., 100% parent of Alpha Bank S.A. (“Alpha Bank”), and UniCredit have agreed the key economic terms for the merger of UniCredit Bank S.A. (“UniCredit Bank Romania”) with Alpha Bank Romania S.A (“Alpha Bank Romania”), as part of a broader strategic partnership. Under the terms of the merger, Alpha Bank is expected to retain 9.9% of the combined entity’s share capital and will remain involved in the new combined entity via governance mechanisms including board level representation. Transaction completion is expected in 2024, subject to confirmatory due diligence process, corporate approvals for the merger and all necessary regulatory approvals and consents, including on anti-trust. The transaction will create the third largest bank in the local market in terms of total assets by combining two of the top ten banks in Romania. It brings together two complementary franchises, with UniCredit Bank Romania and Alpha Bank Romania having solid footholds in the corporate and retail segments, creating a major diversified financial institution that will be better positioned to serve its customers and to create new opportunities for growth within the Romanian market. For the first time in Romania, two European banking groups are joining forces in a partnership approach to consolidate the market. This new approach aims to not only support the Romanian economy but also to prioritize the needs of the customers and those communities within which they operate.
Demand for logistics and industrial space in Romania reached 750,000 square meters in the first nine months of 2025, a 30% increase compared with the same period last year, according to the Romania Industrial Marketbeat Q3 2025 report by real estate consultancy company Cushman & Wakefield Echinox. If the current pace continues, the total volume […]
Documentary Mondays and Fiction Tuesdays, the programs of the Czech Center in Bucharest, return between November 10 and November 25 with screenings of six contemporary and classic European films. Documentary Mondays, the Czech Center's longest-running film program, proposes documentaries that reflect on the present, memory, trauma, and the ways in which we relate to the […]
Booking Holdings Romania, Servier Pharma, JYSK Romania, Schneider Electric, and Deichmann are the most appreciated companies by their own employees, according to Top Employers Undelucram.ro 2025. The list is based exclusively on feedback from employees rather than public image or marketing perception. The ranking made by Undelucram.ro, a leading online employee community in Romania, is […]
On New Year’s Eve, the local authorities in Constanța will no longer organize the traditional fireworks display. The decision was made to protect animals as well as the environment. The seaside city of Constanța thus joins a growing list of cities in Romania to ban fireworks, Digi24 reported. Cluj-Napoca, Ploiești, Iași, and Brașov...
The Romanian Patriarchate announced the visiting schedule for the National Cathedral in Bucharest following the conclusion of an 11-day pilgrimage that drew hundreds of thousands of worshippers. Access for pilgrims to the Holy Altar is set to end at midnight on Wednesday, November 5, after continuous day-and-night visitation. According to the official announcement, the National […]
Update: Investigations regarding specialist doctor certificates extended to the Ministry of Health officers on Wednesday morning, according to health minister Alexandru Rogobete. “We are talking here about 12 people who supposedly completed residency training in the Republic of Moldova, even though these people were employed in Romania and in fact did not complete these training stages. […]
