March 19, 2025
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EIB announces 30 million Euro financing for one of Romania’s largest onshore-wind projects
Petre Barac Posted On March 13, 2025


The European Investment Bank (EIB) is committing up to 30 million Euro to a major wind-power project in Romania, accelerating the country’s green transition and energy independence. The EIB support will co-finance a planned second onshore wind farm in Pestera, […]


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Patria Credit IFN reported a net profit of 8.3 million lei, up 3 percent in 2024
Petre Barac Posted On March 13, 2025


Patria Credit IFN, the oldest non-banking financial institution dedicated to microfinance in Romania, reported its financial results for 2024. As of December 31, 2024, Patria Credit’s loan portfolio was worth 185 million lei, up slightly compared to December 2023. The […]


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Finance Minister Tánczos Barna: “Romania supports the increase in the European Union’s defense capacity”
Petre Barac Posted On March 11, 2025


The Finance Ministers in the European Union met on March 10-11 in Brussels to continue discussions on defence financing solutions, on the sidelines of the Economic and Financial Affairs Council (ECOFIN) and the Eurogroup in enlarged format (EU27), at which […]


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Vista Bank acquires Alpha Leasing Romania
Petre Barac Posted On March 3, 2025


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 […]


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Banca Transilvania completes merger with OTP Bank Romania
Petre Barac Posted On March 3, 2025


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 […]


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Banca Transilvania reports operating profit of 4.5 billion RON, up 28 percent in 2024
Petre Barac Posted On February 28, 2025


BT Financial Group’s consolidated net profit reached RON 4.7 billion in 2024, of which the bank’s net profit amounts to RON 3.5 billion. The Group’s subsidiaries and equity holdings contributed with approximately RON 384.6 million to BT Group’s profitability. For a […]


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BCR reports net profit of 556 million Euro, up 19 percent in 2024
Petre Barac Posted On February 28, 2025


BCR achieved a net profit of RON 2,767 million (EUR 556 million) in 2024, up by 19.2 percent against RON 2,321 million (EUR 469 million) in 2023, driven by improved operating result underpinned by significant advance in customer business. Operating […]


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Economics  / Editor Choice  / Finance  / Latest News
Garanti BBVA grants 7.5 million Euro loan to Romania’s leading paper tissue producer MG Tec
Petre Barac Posted On February 27, 2025


Garanti BBVA has granted a 7.5 million Euro loan to MG Tec Industry SRL, the leading Romanian producer of paper tissues. The financing benefits from a state guarantee issued by Exim Banca Românească, covering up to 75 percent of the […]


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Economics  / Editor Choice  / Finance  / Latest News
Ministry of Finance attracted over 864 million Euro through Fidelis government bond offering on BVB
Petre Barac Posted On February 20, 2025


The Ministry of Finance attracted over 4.3 billion RON (864.6 million Euro), through the first primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems. ‘The first FIDELIS issue of […]


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tbi bank: Only 1 in 10 Romanians say they have saved enough money
Petre Barac Posted On February 18, 2025


The challenges of 2024 and the uncertain outlook for this year continue to impact Romanians’ purchasing power and their ability to save. Rising prices and expenses exceeding available budgets in more and more households are driving an increasing need for […]


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