Specifically, with this functionality, the ID images retrieved through the CEC app are automatically forwarded for processing for remittance for cashing.
Fintech solutions are currently the main driver for the development and differentiation of the offer of financial-banking institutions in an increasingly competitive and dynamic market.
Target: 200 clients for the Discretionary account in 2024 and 500 by the end of 2025.
In a transformative leap from local innovation to global sensation, Romanian startup .lumen is on a mission to restore mobility to the blind and visually impaired.
Nearly half of EIB Group lending and investments in European Union last year went to cohesion regions, according to new report.
Expected to begin operating commercially by the end of 2025, the first phase of VIFOR Wind Farm will supply clean electricity to approximately 108,000 households.
These results position Romania and the Central and Eastern Europe (CEE) as the market with the highest trading volume growth for the iBanFirst Group in the first half of 2024.
Relock provides real-time protection of access to company's APIs and data they exchange, while ensuring immediate threat detection and fail-safe disconnect of any attack attempt.
Twelve students from a secondary technical school in Bratislava, Slovakia, have been honored with the UniCredit Foundation Re-Power Your Future Award for their impactful business project.
The real estate project is supported by Atenor, a European company with extensive experience in large-scale urban development.
According to the NBR release, the annual inflation rate accelerated its decline in the first two months of Q2 2024, falling to 5.12 percent in May.
While Romanian M&A deal volumes increased in H1 2024 compared to H2 2023 by 13.8%, the decrease in deal volumes during the H1 of 2024 reflects the global trend in deal volumes.
tbi's profit for the first six months of 2023 has already been capitalized upon approval by the Bulgarian National Bank at the end of 2023.
Electronic invoicing also generates advantages in terms of operational efficiency, flow control, elimination of costs and risks associated with sending and storing paper documents
In the first half of 2024, the fund returned almost 20%. Raiffeisen Asset Management's assets under management have increased by €180 million since the beginning of the year.
Investment led by the European Bank for Reconstruction and Development (EBRD), Sofina, Index Ventures, Quadrille, and TCF Capital, complemented by growth capital funding from the European Investment Bank (EIB) under its Scale-Up Initiative.
The agreement signed with the European Investment Bank is supported by the Ministry of Investments and European Projects, through the State aid and de minimis Scheme.
he annual interest rate of the bonds is 9% (paid quarterly) with maturity at the end of 2026. However, the bank has the right to redeem the bonds one year earlier.
EIB Vice-President Ioannis Tsakiris meets Romanian finance, investments and transport ministers as well central bank head.
In total, in the last 10 years, ING has granted facilities of €3 billion for the Digi group.
Most companies in Romania, 7 out of 10 cases, risk severe damages or the closure of the activity, because they are not insured for their specific needs.
The transaction, which consists of performing consumer loans having a balance of approx. RON 97 million as of 30 April 2024, is expected to close in September 2024.
Rolling Facility is a new service available on SeedBlink Syndicates that consolidates multiple small investments into a single entity to streamline cap table management.
Customers can choose to block cash withdrawals from ATMs, internet payments or POS payments, but also operations that fall under the most common types of fraud.
Private equity fund MidEuropa has agreed to sell private healthcare chain Regina Maria to Mehiläinen Group, the largest private healthcare provider in Finland backed by investment fund CVC.
Romania's insurance market saw a total volume of gross written premiums of RON 23.4 billion (€4.7 billion) during 2024, up 11% compared to the previous year, according to a report by the Financial Supervisory Authority (ASF).
Romania's informal economy represents about one eighth of its GDP, according to an EY report.
Low-cost airline Wizz Air has opened a new base at Bucharest Băneasa Airport, offering flights to seven destinations including Naples, London, and Budapest.
Public food service company Sphera Franchise Group has earmarked approximately RON 100 million (around €20 million) for investments in 2025.