Will OTP Bank announce Millennium Bank takeover?
29Jul
According to unconfirmed information OTP Bank could announce this Wednesday the takeover of Millenium BCP’s operations in Romania. Possible transaction would have great importance for the Romanian banking sector. Romanian subsidiary of Millenium BCP was at a loss EUR 24 million in 2012, this year the losses were cut to EUR 5,9 million. The sale […]
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29Jul
According to data from Financial Supervising Authority, at the end of June on the average Romanian private pension account were EUR 630 (RON 2,770). Mandatory private pensions system has been launched in 2008, it has 6.1 million participants, but only half of them have had monthly contributions since 2008. Almost 190,000 of them didn’t make […]
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28Jul
Romania’s Tax Administration ANAF collected EUR 20 billion to the state budget in the first half of 2014. It is EUR 670 million more than in the same period last year. EUR 670 mln means growth by almost 3,5%. The largest part of revenues was collected in the Constanta county –EUR 586 million, followed by […]
read more 25Jul
The young Romanian investor – Ionut Budisteanu, one of the most talented in his generation, has won the first prize in a technology design contest organized by Intel. The competition took place in Shanghai, China. For Budisteanu it was the first student electronic contest, and as he wrote on his blog – an amazing experience. […]
read more 25Jul
The volume of investments in real estate increased by 222% in the first six months of 2014, compared to last year. Their value accounted for EUR 402 million, according to research from CBRE. Investments in full year 2013 were 15% lower than those in the first half of 2014. The rapid growth is an effect […]
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