Editorial Director
Cristian Hostiuc
- Fields
- Banks-Insurance, Companies, Macroeconomics
- Writing for ZF since
- 2011
- Articles
- 29
Oracle Romania Set to Lay Off another 500 Employees in New Reorg Move
US giant Oracle has this morning announced in Bucharest it will make a new reshuffling move: 500 employees will be laid off immediately, as part of a global restructuring and business model...
Italy’s Intesa Joins Battle for Garanti Bank Romania Acquisition
The battle for the acquisition of Garanti Bank Romania is turning increasingly interesting: after ING Bank and Raiffeisen, Italian group Intesa has also entered the game, according to bankin...
ING in One-To-One Talks with Spain’s BBVA for Possible Acquisition of Garanti BBVA Romania
Dutch group ING is in direct talks with Spanish group BBVA to see whether it can buy Garanti BBVA Romania, in a bid to more rapidly grow its foothold on the Romanian banking market and not l...
Romanian Companies Try to Expand to Hungary
Quietly, Romanian company are starting to look at the Hungarian market and even expand concretely by taking over projects or directly acquiring Hungarian companies or production units.
UniCredit Aims to Expand Funding on CEE Market of Micro-Enterprises and Small Companies
UniCredit wants to increase funding on the market of micro-enterprises and small companies, earmarking in 2025 for CEE, hence for Romania as well, a total of EUR2.3 billion via various form...
5 to go in Final Talks with Two Investment Funds for Majority Stake Takeover
5 to go coffee shop chain is in final talks with two new investors, Invenio Partners and ACP, the former Mezzanin Management, which want to take over part of the stock owned by the company’s...
Romgaz Hires Biggest US Bank JPMorgan To Lead Bank Consortium Set to Handle Bond Sale on External Market
Romania’s state-owned natural gas producer Romgaz has selected JPMorgan, America’s largest bank, to lead the bank consortium that will intermediate bond issues abroad, financial market sourc...
UniCredit: CEE Economies Set to Rebound in 2024
CEE economies, including Romania, will not suffer any fiscal and budgetary expense cutback pressures in 2024 as the year is a crucial electoral one and governments must be generous and throw...
Deutsche Bank Set to Expand Bucharest Tech Center Further
The tech center we have in Bucharest is a very good one and it will continue to grow by taking over more responsibilities in putting out products and digital services for the global network...
Omer Tetik, Banca Transilvania, Cautiously Upbeat about 2023
Omer Tetik, CEO of Romania’s biggest bank Banca Transilvania, says 2022 was a challenging year for the financial market, one of the most volatile years he has seen, but the bank ended it wel...
Mexican Group Bimbo Takes Over Vel Pitar in Deal Put at EUR200M
Grupo Bimbo, a Mexican multinational, considered one of the biggest businesses in the global bakery production, has acquired Vel Pitar group, the leader of Romania’s bakery market, controlle...
US IMG Will Pay EUR390M to Ion Tiriac for Madrid Tennis Tournament
Romanian businessman Ion Tiriac will get EUR390 million for the Madrid tennis open which he sold to US group Endeavor at the end of last year.