Finance | 3 March, 2025 at 11:49 AM
Banca Transilvania and OTP Bank Romania become one bank
Banca Transilvania Group has Romania's richest track record in acquisitions and integrations.
Banca Transilvania Group has Romania's richest track record in acquisitions and integrations.
Early Game will remain an investor in the new merged entity.
The company is also launching the new Rețele Electrice Romania website, www.reteleelectrice.ro, with a series of new features.
The Romanian government has approved a new state aid scheme with a total budget of RON 578 million (up to €150 million) to assist large energy consumers in Romania.
Romania's unemployment rate at the end of February 2025 was 3.37%, a decrease of 0.01 percentage points compared to the previous month.
Electrica saw a net profit of RON 376.5 million (€75.5 million) in 2024, down 39.3% compared to 2023, while its operating revenues totaled RON 10.87 billion (€2.1 billion).
Romania's Ministry of Finance successfully raised RON 75 million (€15 million) from commercial banks on Friday.
Distribuție Energie Oltenia (DEO), the electricity distribution company part of Evryo Group, has signed a large scale syndicated loan.