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%.
Loud screens and noise stress young children and affect their development Sound pollution in Romanian homes affects children's learning, play, and sleep, who are more vulnerable to noise than adults Studies show that children exposed to TV for 2 hours daily are 6 times more likely to experience language development delays Renowned doctor: Experiences actually […]
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
In a ruling handed down on Tuesday, May 13, the Bucharest Court of Appeal rejected a request by US authorities for the extradition of a 17-year-old Romanian student. The youth is accused of sending hundreds of bomb threats and manipulating underage girls into engaging in acts of extreme violence, sexual exploitation, and self-harm. Aside from […]
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
