01.27.2012

Shareholders of insurer BCR Asigurari will discuss on February 27 raising the company’s share capital by 207.1 million lei (EUR47.7 million), to RON250.3 million within its merger with insurer more

01.25.2012

Romania's Constitutional Court on Wednesday overruled the law setting this fall’s parliamentary and local elections are to be held simultaneously. more

01.18.2012

Romania's Constitutional Court has postponed the debate on the constitutionality of the Law combining parliamentary and local elections for January 25, in order to learn its financial impact on the more

01.18.2012

A consolidation of the banking system might occur where the market position and investment level no longer justify the presence of a bank in Romania or if they fail to find certain niches, believes more

01.18.2012

The largest merger on the Romanian insurance market is only halfway to completion, but the outlines of the new company resulting from the consolidation of Omniasig and BCR Asigurari’s business are more

01.18.2012

Bancpost and Alpha Bank, the Romanian units of Greek banks EFG Eurobank and Alpha Bank, which should have completed their merger in legal terms by the end of 2011, do not have a calendar or a plan to more

12.19.2011

Romanian insurer Omniasig has been valued at 996.22 million lei (about EUR230 million) before merger with BCR Asigurari, the absorbing company, according to the merger plan published in the Official more

12.19.2011

Romanian insurer BCR Asigurari will lower its share capital by 80.2 million (EUR18.5 million), to RON43.19 million, to cover losses posted before the merger with Omniasig Vienna Insurance Group, and more

12.14.2011

Romanian insurance regulator CSA approved on November 22 the transfer of insurer Generali Asigurari’ policy portfolio to insurer Ardaf, and the merger of the two companies. more

12.09.2011

Greek-held Alpha and Bancpost are getting ready for the merger that will create the third largest bank on the market with a loan portfolio that is about EUR220 million lighter, and 10% lower deposits more

11.29.2011

Romanian private pension regulator CSSPP on Tuesday authorized the final stage of the merger of voluntary pension funds managed by BRD Pensii Private, Generali Pensii Private and Onix Asigurari more

11.21.2011

Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) will borrow up to EUR2 million from ING Bank to finance investments, the company said in a statement Monday. more

11.18.2011

Two Romanian chocolate makers have joined forces to cope with competition from multinationals: Kandia – a brand that has been around for 120 years in a confectionery market that switched from lack more

10.24.2011

Alpha Bank Romania and Bancpost, two top 10 banks in Romania, and their clients were set to find out on Monday what the merger of their parent banks would look like, in the wake of the extraordinary more

10.14.2011

Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) plans to borrow EUR2 million from ING Bank to finance medium-term investments, the company said in a statement Friday. more

09.30.2011

Romania's Economy Ministry has drafted a government decision on the creation of the Hunedoara Energy Complex, through the merger of energy producers Electrocentrale Deva and Electrocentrale Paroseni, more

09.27.2011

The employees of insurers Omniasig and BCR Asigurari, which are in the process of merging to create the largest insurance company on the Romanian market, with over EUR300 million in revenue, will more

09.20.2011

The company resulting from the merger of Omniasig and BCR Asigurari, which will become the largest insurer on the Romanian market, will take the Omniasig name because the majority shareholder decided more

08.31.2011

Sergiu Oprescu, executive president of Alpha Bank, and Peter Weiss, executive president of Bancpost, had a private meeting scheduled for Monday evening to unofficially discuss the domestic more

08.29.2011

The freshly announced merger between Greek lenders EFG Eurobank and Alpha Bank will propel their Romanian subsidiaries to the third position in the local system, from the lower half of the top 10 more

08.04.2011

The shareholders of Romanian insurer Omniasig VIG on Thursday approved the preliminary merger with BCR Asigurari, the absorbing company, people close to the matter told MEDIAFAX. more

07.26.2011

The Polish subsidiary of Dutch insurance group Aegon will open a branch in Romania, which will merge with local life insurer Aegon Asigurari de Viata, the insurer said in a press release Tuesday. more

06.07.2011

The Communications Ministry agrees with a proposition by Hellenic Telecommunications Organization, or OTE, for a merger between telecom operators Romtelecom and Cosmote Romania, majority owned by the more

05.04.2011

The Romanian Financial Guard and Customs Authority will not be absorbed by government revenue service ANAF, which will be reorganized through layoffs and the closing of some regional offices, people more

04.12.2011

The Romanian Competition Council has fined Asesoft Distribution with 3.18 million lei (EUR1=RON4.1084) for implementing a merger before obtaining antitrust approvals, the regulator said Tuesday in a more