09.15.2022

Logistics and courier services company UPS has appointed Daniela Constantinescu to the position of Country Manager for its subsidiaries in Hungary, Greece, Romania and Slovenia (HUGRROSI). more

06.16.2022

Technology startup investment platform SeedBlink has opened an office in Athens, Greece, being its second branch outside Romania. more

12.14.2021

TBI Bank, part of 4Finance Group, with activities in Romania, Bulgaria, Germany, Denmark, Sweden, Poland and Lithuania, is expanding its operations into Greece after it has recently obtained the more

08.02.2021

Alexandrion group has expanded to Greece with alcoholic beverage import and distribution operations, a country where it takes 54 brands in 18 categories. The Romanian business therefore sells its own more

06.10.2021

Romanian airline Blue Air will be operating 17 weekly flights towards five destinations in Greece this summer, namely, from capital Bucharest to Athens, Heraklion, Rhodes, Mykonos and Zakynthos and more

08.08.2017

Romanian natural gas transmission company Transgaz in consortium with France's GRTgaz have expressed interest in acquiring a 66% stake in Greece's gas transmission company DESFA. more

07.27.2017

Hungary's OTP Bank has reached an agreement to purchase lender Banca Romaneasca from National Bank of Greece, which is selling assets in the Balkans, including its Romanian operations, to complete a more

07.04.2017

Greece's second-largest lender, National Bank of Greece (NBG), will be selling its assets in Romania (Banca Romaneasca), Serbia and Cyprus, to complete a restructuring plan agreed with European more

09.28.2016

Romania's state-owned EximBank will continue to issue state insurance policies for short term export credits for Romanian exporters, which are temporarily taking over non-market risks for Greek more

07.15.2015

The Romanian banking sector may strengthen furthermore, continuing the positive trend in 2014 and early 2015, while the four branches of the Greek-based banks may be put up for sale as part of the more

07.08.2015

The serious shortage of skills in Romania’s IT sector is making employers look elsewhere for people to be able to meet demand from their customers, Daniela Miritescu, recruitment manager with more

07.06.2015

Romanian interim prime minister Gabriel Oprea on Monday stated that the maintaining of the current situation in Greece could also impact the local economy given that there are many Greek banks and more

07.06.2015

Romania should take advantage of the current situation in Greece and strengthen the partnership with the Greek state, Minister of Economy, Commerce and Tourism, Mihai Tudose, stated Monday. more

07.02.2015

ING Bank has revised its claim that the Romanian state could end up covering the financing Greek-owned banks in Romania currently get from their mother banks in the event Greece exits the eurozone, as more

07.02.2015

KMG International, the former Rompetrol group, is the largest exporter to Greece in Romania. The oil group, which owns the Petromidia Refinery on the Black Sea coast, shipped more than $200 million more

07.01.2015

Greek banks’ Romanian units are not dependent on parent banks and the financing lines coming from parent banks account for 27.5% of total liabilities, Romanian central bank governor Mugur Isarescu more

06.29.2015

The Romanian banking industry association CPBR thinks that, regardless of any upcoming measures in Greece, the impact on the Romanian market will remain limited. more

06.28.2015

The four local banks controlled by Greek financial groups are under the regulations of the Romanian central bank, which can take action in case of interference from shareholders, while their deposits more

06.22.2015

Tension is mounting on the Romanian financial market, too, as Greek banks control 12% of the local banking assets, now that the crisis in Athens has reached that point where capital controls, more

06.02.2015

The Romanian units of Greek lenders Alpha Bank, Bancpost and Piraeus Bank reported total deposits of EUR4.3 billion (nearly RON19 billion) end-March, down 8% compared with December 2014, according to more

08.07.2013

Romanian group Grampet-GFR, controlled by businessman Gruia Stoica, said Wednesday it will participate in the privatization of Greece’s state-owned freight railway operator Train OSE. more

05.27.2013

A possible decision from Greek banks to sell their Romanian subsidiaries would have no negative effects on the local banking system, the head of Romanian Banking Association said Monday. more

04.09.2013

Bancpost and Banca Romaneasca, which were set to merge into a bank with EUR4 billion assets ranking 7th on the Romanian market, will remain two separate entities for the time being after the merger more

02.20.2013

Bancpost and Banca Romaneasca may start preparing for the merger that will create a sounder top ten bank in Romania after the official announcement about the successful bid of National Bank of Greece more

01.06.2013

Greek banks in Romania had deposits of EUR4.3 billion left in September last year, down by the equivalent of EUR600 million compared with September 2011, according to data published by shareholders in more