INFINEXA, a Romanian entrepreneurial company specializing in the restructuring and financing of distressed businesses, managing assets worth over 155 million Euro, announces that in 2024, Hidroconstrucția, a company undergoing insolvency proceedings, distributed over 16 million Euro to its creditors. Of […]
Earthquakes are one of the main concerns for Bucharest residents. A study conducted recently by the Bucharest Community Foundation, through the Bucurestiul Pregatit program, shows that 82 percent of residents believe that Bucharest is not ready for a major earthquake. […]
Vista Bank announces the agreement with Alpha Bank and Alpha International Holdings for the acquisition of the shares (100%) in Alpha Leasing Romania, which also holds 100% of Alpha Insurance Brokerage Romania. The transaction is expected to be completed in […]
The “Detector for Life” campaign continues in 2025, with the aim of protecting as many homes in Romania as possible from the risks of fires and carbon monoxide poisoning. The action is carried out through the “Together for Safety” partnership, […]
Banca Transilvania announces the successful completion of the merger with OTP Bank Romania. BT consolidates its leading position and reaches 23 percent market share both through organic growth and following the integration of OTP Bank. The merger also meant for […]
As power-intensive Generative AI (Gen AI) consumption grows faster than other uses and applications, electricity consumption by data centers is forecasted to double to 4 percent of global electricity consumption by 2030, according to the latest edition of the Deloitte […]
In a market context characterized by volatility and uncertainty, the Electrica Group managed to exceed the objectives set in the approved budget for all important indicators. Although the 2024 budget estimated a 13.0 percent decrease in EBITDA at the Electrica […]
IMPACT Developer & Contractor reports in 2024 an individual net profit of RON 84.8 million, double compared to the previous year. At group level, consolidated net profit also doubled in 2024, to RON 59.2 million, and preliminary consolidated turnover increased […]
The consolidated net profit of the Romgaz Group was 3,219.43 million RON in 2024, higher by 14.48 percent, or 407.32 million RON, compared to the same period of the previous year, a significant positive influence having the elimination of the […]
Nuclearelectrica recorded a net profit of 1.7 billion RON in 2024, down 31.9 percent compared to 2023, with an operating income of 4.79 billion RON, down 36.9 percent, according to the report submitted to the Bucharest Stock Exchange. The company […]
