Finance
Emerging markets climate fund created by EIB and Allianz reaches €450 million
Emerging Markets Climate Action Fund increases to €450 million with final contribution from Germany.
The new application enables users to track specific companies and use predefined lists organized by industries and economic sectors.
The amount saved can be consulted in BT Pay and can be used at any time by transfer to your current account with Banca Transilvania.
The authorities are preparing to launch more than 15 separate funding lines, with allocations ranging from €50,000 to more than €57M.
UniCredit multi-year partnership with Ferrari, the world-famous luxury brand, was first announced in September 2024.
Romanian investors are keeping Tesla in first place in the most-held stocks standings.
Private sector transactions included a €40 million risk-sharing agreement with Banca Transilvania for Omnia Europe SA.
BT is the first banking institution to integrate artificial intelligence into customer communication, services and processes.
Investors are anxiously eyeing the tariff-related decisions Donald Trump may make once he reaches the Oval Office in the White House.
The six-month index, used to calculate interest rates on variable-rate lei mortgage loans, stagnated at 5.97% per annum.
The biggest risk for Romania in 2025 is not Trump tariff's policy, the German recession or the Ukraine war, but the continued deterioration of the fiscal situation.
For households, green loans amounted to around RON 10 billion in September 2024, +50% compared to September 2023, and accounted for 5.7% of the bank loan portfolio to this segment.
The bulk of this debt, RON 780.243 billion, was government securities. Borrowing amounted to RON 131.258 billion.
Total revenues amounted to RON 523.9 billion in the first 11 months of 2024, up 12.7%, while expenditures of the consolidated general budget totaled RON 649.6 billion, up 20.6%.
As of April 2020, Romania has been in the excessive deficit procedure (EDP), as a result of exceeding, in 2019, the 3% budget deficit limit set in the Stability and Growth Pact (SGP).
The elimination of the holiday vouchers will freeze or cancel investments in tourism infrastructure.
As of September 30, 2024, there were 9.03 million participants enrolled in the 17 private pension funds, compared with 8.86 million at the end of the previous year.
Total gross claims paid (including branches) amounted to around RON 8 billion in the first nine months of 2024.
Banca Transilvania's shareholders approved BT's merger with OTP Bank Romania at an Extraordinary General Meeting.
During the EY-led process, the team provided full sell-side M&A assistance, structuring and coordinating the execution of the transaction.
Three in five (59%) global retail investors and 76% of Romanian investors expect the bull market to span 2025, with the majority (55%) backing AI stocks to keep rising.
In recent years, the RCA market in Romania has undergone a series of significant changes, which have caught the attention of both local and international actors.
The team of lawyers has advised throughout the entire process, including on aspects regarding financial structuring, regulatory and due diligence.
The EIB loan provides long-term funding in euros or Romanian lei at favourable conditions compared with alternatives in the market.
74% of Salt Bank clients hold higher education degrees, 12% above the 62% average for the banked population in Romania aged 18-55, according to a study by Mercury Research.
Most valuation reports were in relation to bank loan guarantees (60%), but the impact of this category in the total turnover was of only 33%, as it includes many small properties.
Emerging Markets Climate Action Fund increases to €450 million with final contribution from Germany.
The new application enables users to track specific companies and use predefined lists organized by industries and economic sectors.
Camelia Ene has 25 years of experience in multinational companies, with over 17 years in the energy sector, including 7 years as CEO of a top company in the field.
This strategic agreement is part of TenneT's efforts to modernize the Dutch energy infrastructure, with the aim of increasing the capacity of the electricity grid by at least 30%.