With double-digit premium growth and a strong increase in profit, Vienna Insurance Group (VIG) presents a particularly successful financial year 2023.
The value of the company increased by 23% in the two years of its presence on the capital market, and at the time of the transfer it had a capitalization of RON 234.7 million.
Romania was a top beneficiary of EIB financing in 2023, with total financial commitments reaching a record high of €4.1 billion.
2023 report shows great consolidated financial results, with growing profitability and increasing income.
In 2023, Alpha Bank Romania continued to adapt to challenges and changes in the macroeconomic environment.
Europeans are confident about their travel spending power in 2024 despite the ongoing cost of living pressure across the continent.
Banca Transilvania has impressively jumped from being the 7th to the 3rd strongest banking brand in the world in 2024.
Over the last two years, geopolitical tensions have escalated across the world, fragmenting the global trade landscape.
Rodbun Group, a leading Romanian company active in the agribusiness sector, has signed a syndicated credit facility totalling €101.5 million.
Institutional investors and wealth managers expect the correlation between bonds and equities to turn increasingly negative over the next 12 months.
Romanian brands would have resounding success in other countries, but most entrepreneurs are still reluctant to expand their business internationally.
As expected, 2023 recorded a high-speed rebound in insolvencies in three out of four countries (55% of global GDP).
NN paid insurance customers and private pensions participants RON 983 million in 2023, 27% more than the previous year.
UniCredit is making its sailing debut with its support for the third edition of the Youth America's Cup and the naming partner announcement of the UniCredit Youth America's Cup Regatta.
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.