February 12, 2025
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EBRD acquires minority stake in AROBS Transilvania Software
Petre Barac Posted On July 16, 2024


EBRD has made a minority equity investment into a leading Romanian technology company, AROBS Transilvania Software to support it in pursuing its regional growth strategy in central and eastern Europe. The EBRD investment was part of a larger primary and secondary […]


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STC Partners secures financing from Banca Transilvania for second phase of Quartier Azuga project
Petre Barac Posted On July 15, 2024


Real estate developer STC Partners obtains financing from Banca Transilvania for the development of phase 2 of the residential project Quartier Azuga, located near the Tei area in Bucharest, worth 10 million Euros. “Securing the Phase 2 development credit prior […]


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iBanFirst Romania posts 203 percent increase in international payment volumes in the first half of 2024
Petre Barac Posted On July 11, 2024


iBanFirst, a leading global provider of foreign exchange and international payments for businesses, has processed 660 million euros in international payments for Romanian trading companies in the first half of 2024, marking a substantial 203 percent increase compared to the […]


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Nor Real Estate receives 21 million euro loan from OTP Bank Romania
Petre Barac Posted On July 9, 2024


OTP Bank Romania has concluded a 21-million-euro financing agreement with Nor Real Estate, part of Atenor, for the development and administration of @Expo project phase 1 (B1/B2), an office building located in the Expoziției area of Bucharest. “At OTP Bank […]


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tbi bank capitalized its 2023 profit to support future growth
Magda Purice Posted On July 5, 2024


tbi bank, one of the leading challenger banks in South-East Europe, announces that it has capitalized its entire consolidated net profit for 2023 for the amount of 42.5 million euro. tbi’s profit for the first six months of 2023 has […]


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Schoenherr Romania managing partner Sebastian Guțiu appointed to ICC International Court of Arbitration
Magda Purice Posted On July 4, 2024


Schoenherr și Asociații SCA’s managing partner Sebastian Guțiu has been appointed as an Alternate Member of the International Chamber of Commerce (ICC) International Court of Arbitration. He will be a representative for Romania for the 2024-27 term, starting 1 July 2024. A […]


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Forvis Mazars’ 2024 CEE Tax Guide highlights key taxation trends
Magda Purice Posted On July 3, 2024


The global minimum tax introduces a new standard for multinational taxation Digitalisation in tax systems is enhancing transparency and compliance globally Significant disparities in tax rates and competitiveness indicators across the CEE region Forvis Mazars Group, the international audit, tax […]


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Raiffeisen Asset Management manages total assets of more than 1 billion euro, invested mainly in Romania
Magda Purice Posted On July 2, 2024


RAM manages 13 investment funds and one voluntary pension fund The value of RAM’s assets is €1.050 billion from investment funds and optional pension fund  Raiffeisen Romania Dividend reached € 120 million Raiffeisen Asset Management (RAM) has surpassed 1 billion […]


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The Foreign Investors Council welcomes the amendments of the normative act regarding e-VAT
Magda Purice Posted On June 28, 2024


The Foreign Investors Council welcomes the amendments of the normative act regarding e-VAT, as it was agreed with the representatives of the Ministry of Finance in the meeting organized on 27 June.   The modifications decided during the meeting regard: […]


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Global IPO divergence widens as Americas and EMEIA surge and Asia-Pacific slows
Magda Purice Posted On June 28, 2024


H1 2024 global IPO volumes fell 12%, with proceeds down by 16% year-on-year Industrials led the way in volume of IPOs with technology raising the most capital Globally, in the first half (H1) of 2024 there were 551 listings raising […]


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