UniCredit Bank Romania, a subsidiary of the Italian group of the same name, has decided to distribute to its shareholders (the Italian parent group primarily) some 91% of last year’s net profit as dividends, namely about RON 584 mln (EUR 117 mln). This proposal, inked by the management of UniCredit Bank Romania, is to be discussed by the bank's shareholders at the Ordinary General Meeting of Shareholders scheduled for April 6, 2022, Ziarul Financiar reported. UniCredit wants to reinvest only RON 22.9 mln to strengthen its capital base and the solvency ratio. The bank reported a net profit of RON 639 mln (EUR 128 mln) for 2021. The Italian group UniCredit reported for 2021 a net profit of EUR 170 mln from its operations in Romania, increasing by about 81% compared to the consolidated earnings in 2020, according to the financial results announced in Milan in February. On the Romanian banking market, at the end of 2020, UniCredit Bank ranked sixth in the top by assets, with a market share of 8.11%.
Romania’s general government budget deficit can drop below 6.5% of GDP next year, possibly approaching 6% of GDP, to further drop below 5% of GDP if the tax evasion and tax avoidance are addressed, the head of the Fiscal Council, Daniel Daianu, said, speaking in a conference organised by Curs de Guvernare, as reported by […]
The Purchasing Managers' Index (PMI) compiled by BCR Romania for the manufacturing sector plunged to 47.6 points in October – the weakest reading in seven months – dragged down by the deterioration in the volume of new orders and volume of actual output. The decline wipes out the progress seen over the past six months, […]
The Festivalul Brazilor de Crăciun/Christmas Tree Festival charity auction returns in December for its 25th edition, continuing a long-standing tradition of turning art into opportunity for children in need. Since its launch, the festival has raised more than EUR 10 million, with proceeds supporting the socio-educational integration of over 270,000 children. Organized by Save the […]
De ce este esențial un program de gestiune pentru magazine În comerț, viteza și acuratețea contează. Fiecare minut pierdut cu verificări manuale înseamnă timp și bani. Un program de gestiune magazin centralizează toate activitățile într-o singură platformă: recepția mărfurilor, evidența stocurilor, emiterea documentelor fiscale, vânzările zilnice și raportarea financiară. Prin automatizarea proceselor, magazinele reduc erorile […]
The local Google team now counts more than 400 people, having grown from a small staff of a few employees in November 2010, when the US company opened an office in Bucharest. The Bucharest technology hub is currently Google’s largest wearables development center in the EMEA (Europe, Middle East, and Africa) region, and the solutions […]
On Thursday, October 30, 2025, over 150 board members, executives, and thought leaders gathered at the InterContinental Athénée Palace Bucharest for the Future of Boards Awards Gala 2025, organized by Envisia, the first business school in Central and Eastern Europe dedicated to the professionalization of board members and governance leaders. The event recognized responsible leadership […]
