Banca Transilvania

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TLV

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Banca Transilvania SA

Bucharest Stock Exchange closed upwards the last trading session of the week

Bucharest, Aug 27 /Agerpres/ - The Bucharest Stock Exchange closed upwards the last trading session of the week, with a value of transactions of 49.08 million lei (9.95 million euros). The main BET index appreciated by 0.59%, to 12,389.58 points, and BET-Plus, which shows the evolution of the most liquid 37 shares, recorded a similar increase.

Most probably budget deficit weight in GDP will be close to 5 pct in 2021 (Banca Transilvania opinion)

Romania will manage to decrease this year from a budget deficit of 9.2 pct of GDP in 2020 to 5.4 pct of GDP, said Andrei Radulescu, director of macroeconomic analysis at Banca Transilvania (BT), at the 17th edition of the event "Meeting with the economic press", in central Predeal.

Romanian, Moldovan central banks sign new Cooperation Agreement

The main and enduring message of the National Bank of Romania (BNR) for the National Bank of Moldova is that of a sustainable and robust partnership, BNR governor Mugur Isarescu said on Friday at the signing ceremony of the new Cooperation Agreement between the Romanian and the Moldovan central banks.

Developing local investor community, top priority for Bucharest Stock Exchange

Developing local investor community so as to have a much higher participation of the Romanian population in the capital market is the top priority for the Bucharest Stock Exchange (BVB), CEO Adrian Tanase affirmed. "It is very important to have a dialogue with companies and familiarize them with the mechanisms of the capital market so that entrepreneurs fully understand its advantages.

INTERVIEW/Moldova's Minister of Economy Chiril Gaburici: We want the Union Motorway to cross Prut River

Moldovan officials intend to "cross the Prut" with the Unirii (Union) Motorway running from Targu Mures to Iasi in Romania and on to Ungheni in Moldova, which they want to further extend to reach Chisinau, Moldova's capital city.

Smart Start USA is launched, with USD 500 M for Romanian companies

The Smart Start USA programme with a 500-million USD budget to finance the Romanian companies that wish to extend to the US market was launched on Tuesday, the initiator and coordinator of the programme, Ilan Laufer, also Vice President for the relation with the US of the National Coalition for Romania's Modernization (CNMR) told a news conference.

Romanian Banca Transilvania gets approval to buy Greek Eurobank's Bancpost

Romanian lender Banca Transilvania said on Friday it has received regulatory approval from the country's competition watchdog and the central bank to buy Greek Eurobank's Romanian subsidiary Bancpost.

"Banca Transilvania estimates that the closing of the transaction regarding the acquisition of Bancpost will take place during the first half of April 2018," it said in a statement.

Romanian Banca Transilvania agrees deal to buy Greek Eurobank's Bancpost

Banca Transilvania, Romania's second-largest bank said on Friday it has reached an agreement with Greece's Eurobank to buy its Romanian subsidiary Bancpost and will sign the contract later in the day.

The deal, which will be subject to regulatory approval, will also give Banca Transilvania stakes in ERB Retail Services and ERB Leasing, part of the Romanaian group.

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