Banca Transilvania Aims to Boost Lending and Profit by 7%, Assets by 13% in 2023

yesterday, 09:41
Banca Transilvania, the biggest lending institution on the Romanian market by assets, expects to generate net profit of above RON2.3 billion this year, 7% above the 2022 level, as it projects rising revenues and lending.
ZF NEWSRSS
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Evergent Investments Calls Shareholders to Vote on RON82.7M Dividends
yesterday, 21:17
Financial investment company Evergent Investments (EVER.RO) has called shareholders for April 27 to vote on the distribution of dividends of up to... more
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Turbomecanica Proposes Shareholders RON8.5M Diviends on 2022 Profit
yesterday, 19:33
Turbomecanica (TBM.RO), a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, has called shareholders for April 27,... more
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Competition Council Approves MedLife’s Acquisition Of Centrul Provita
yesterday, 17:28
Romania’s Competition Council on Friday announced it had given the greenlight for the acquisition by MedLife of Centrul de Diagnostic si... more
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PwC and D&B David si Baias Assisted PPC in Acquisition of Enel’s Romanian Assets
yesterday, 14:11
An integrated team of specialists from PwC Romania and Greece and lawyers from D&B David si Baias, the partner law firm of PwC in Romania, assisted... more
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CEC Bank Grants about RON40M Loan to Egg Producer Toneli Holding
yesterday, 13:33
CEC Bank has granted an about RON40 million loan to Toneli Holding, part of the Toneli Group, the largest egg producer in Romania, guaranteed by... more
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ONV LAW: Romania Main Airports and Critical Aviation Infrastructure Set to Attract Almost EUR1B Investment by 2024
yesterday, 10:52
The main airports of Romania have investment projects worth above EUR530 million underway and investments of above EUR400 million will be shortly... more
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CFA Romania Analysts Expect 8.62% Average Inflation, See Leu at 5.0390 Units Per Euro in Next 12 Months
yesterday, 10:38
Financial analysts part of CFA Romania Association forecast an average 8.62% inflation rate for the next 12 months and expect the local currency to... more
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Romanian Startup easySales Attracts New Funding, Hits EUR1.1M Overall Investments
yesterday, 10:21
Local startup easySales, which has set up an automated B2B management and e-commerce platform, has attracted new funding from Fortech Investments,... more
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Medima Health Plans to Expand Further in 2023
yesterday, 10:02
Medical imaging clinic network Medima Health has reached five units nationwide in the wake of fast expansion and wants to grow further, targeting... more
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Velocità Wants to Cement Foothold in Bucharest
yesterday, 09:52
Adnana Popa, cofounder and CEO of homemade gelato shop chain Velocità, plans to strengthen its foothold in Bucharest and open another two shops. more
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DN Agrar Wants to Grow on Milk Market, Set to Start Compost Production by Yearend
yesterday, 09:32
DN Agrar Group, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics,... more
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Alumil Rom Industry Proposes RON0.2 Dividend/Share, At 10.5% Yield
yesterday, 00:24
Romanian aluminum processor Alumil Rom Industry (ALU.RO) on Thursday (March 23) said it would convene its shareholders on April 24 to put to the... more
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Transavia Aims To Double Production Capacity To Overshoot 200,000 Tons/Year Threshold
yesterday, 00:10
Romania’s largest poultry producer, Transavia, seeks to double its production capacity in three-four years in order to exceed the threshold of... more
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Romgaz Extends Mandates Of Company's CEO, Deputy CEO And CFO For Two More Months
03.23.2023
The Board of Directors of natural gas producer Romgaz’s (SNG.RO) convened on Thursday (March 23, 2023) and approved the extension of Razvan... more
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Finance Ministry Raises RON500M From Banks On March 23
03.23.2023
Romania's Finance Ministry raised RON500 million on Thursday (March 23) selling bonds maturing in April 2025, at an annual average yield of 7.09%. more
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eMAG Extends Fulfilment by eMAG Program To Hungary And Bulgaria
03.23.2023
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Roofing Maker Bilka Posts 3% Growth in Revenue to RON1.5B in 2022
03.23.2023
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IULIUS Group Installed Photovoltaic Panels On All Its Properties, Expects To Produce 5,500 MWh Annually
03.23.2023
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Transelectrica Plans to Pay RON52M Dividends from 2022 Profit
03.23.2023
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Romgaz Calls Shareholders to Vote on RON1.3B Dividends
03.23.2023
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BA Glass Unveils EUR150M Investments In Romania In Next Five Years
03.23.2023
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Auchan Enters Discount Retail Format
03.23.2023
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Romania To Launch On March 27 This Year’s First IPO For FIDELIS Govt Bonds
03.23.2023
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Study: Romania Ranks Last Among EU Countries By Online Learning
03.23.2023
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Law Firm Filip & Company Assisted Digi Group In Concluding EUR300M Investment Agreement With abrdn Fund
03.23.2023

The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.
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Central Bank: Romania's Economic Growth Expected to Decelerate Considerably in 2022 and 2023Romania’s economic growth is expected to decelerate considerably in 2022 and 2023, after having reached very high dynamics from a historical perspective in 2021, yet significantly lower than previously forecast (in November 2021), the minutes of the monetary policy meeting of Romania’s central bank (BNR) say.
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