The planned €24.7 million investment will give the fund a majority stake in Sescom, once the current majority shareholders acting in concert have, i.a., completed a squeeze-out.
May 17th is the first day of trading for FORT shares on the AeRO market of the Bucharest Stock Exchange, under the stock ticker 4RT.
Total assets reached €4.7 billion at the end of the first quarter, up 8% compared to the first quarter of 2023.
Tavex experts recommend holding investment silver for at least five years to achieve a return above the rate of inflation.
Household goods insurance against disaster risks, providing homeowners peace of mind regarding the costs of repairing or replacing affected personal belongings.
The success rate of requests for bank loans registered on the 123credit.ro platform was approximately 4%, in the first quarter of the year.
Over 70% of the study participants anticipate an increase in the number of completed transactions in Romania by investment funds, after 20 were completed in 2023 transactions.
Garanti BBVA Romania recorded a net profit of RON 177 million in 2023 and operating revenues of RON 521 million.
The portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved.
Capital ratio climbed to 23,36% underscoring the institution's financial strength, providing a solid foundation for future growth and stability.
The transaction was signed in April 2023 and concluded in April 2024, following approvals received from the Competition Council.
Massive investments, and hence long-term finance, are needed to decarbonise the electricity sector in Central, Eastern and South-Eastern Europe and improve energy efficiency.
Sale of private healthcare provider to the American Heart of Poland Group, backed by Gruppo San Donato Italy and GKSD Srl, will deliver an outstanding return to Abris investors.
At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking application.
BRD individuals' loan production touched a new record level, RON 2.35 billion in Q1 2024, +43% YoY, building on consumer loans' best quarter ever, with a growth of +51% YoY.
And a new class of information providers is making its way toward the mind of retail investors: the financial influencers, who are active on platforms like Tik Tok or Instagram.
Through PIES ("Simplified Execution Investment Portfolios"), investors can create a portfolio of stocks with customised weights.
The GIA virtual assistant is available on all devices and can respond to customer inquiries in two languages, Romanian and English.
The shareholders approved, among other items, the distribution of the second tranche of the dividends from 2023 profits.
Signal Iduna brings even more flexibility to who have health insurance, simplifying both the classic reimbursement process
Until 12 May, customers can make purchases worth up to RON 2,000 from more than 1,500 online shops present in the app.
OTP Bank Romania announces the conclusion of a financing agreement with Nusco Imobiliara for the construction of 3 residential buildings.
A society without cash would not be beneficial for people, because it would lead to violations of individual autonomy and human rights.
The amount of loans granted by non-banking financial institutions (NBFIs) in Romania reached a record level of almost RON 50 billion in 2023, after an annual advance of 13,9%.
Lower discount rates make their future cash flows more attractive, leading to higher valuations.
Fagura, the fintech platform that connects entrepreneurs and investors, announces a new €1 million funding round secured through convertible notes.
Strong investor demand allowed initial indicative price of 6% to fall by 37.5 basis points to a price of 5.625%, while the peak value of orders reached more than €800 million.
The transaction adds to a record portfolio of nearly 5 GW of renewable energy projects advised in 2024, across various areas.
The Agreement's key priority is the expansion of the existing exploration and production cooperation and the application of MOL technology in Kazakhstan.