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Tag Archives: operations

Aforti Finance, providing financing to SMEs, enters the IFN register of BNR, ready to start operations in Romania

Aforti Finance Romania IFN S.A. announced that it will enter the register of the non-banking financial institutions of the National Bank of Romania (BNR) and is thus ready to begin operations in Romania as a fully-fledged lender. Aforti Finance is ...

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Watford Insurance, the newest player in the Romanian insurance market, marks the start of its operations in Romania

Watford Insurance Company Europe (Watford Insurance), has announced the launch of its operations in Romania on Wednesday. Watford Insurance is a 100%-owned subsidiary of Watford Re Ltd., a global reinsurance and insurance company. Watford Group has a capitalization of $1.2 ...

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CSAT meeting called on June 27

President Klaus Iohannis has summoned  a special meeting of the Supreme Defence Council (CSAT) on June 27 to discuss about upcoming NATO Summit in Brussels. The meeting is due at Cotroceni Palace at 12:00hr, the Presidential Administration informed. The Presidency says ...

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Polish online foreign exchange company posts record turnover after 7 months of operations in Romania

Polish fintech Aforti Exchange, which offers online foreign exchange services, has reached approximate EUR 3 million monthly turnover in just 7 months since establishing operations in Romania. As a comparison, the same result was accomplished in Poland only 32 months ...

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Intesa Sanpaolo finalizes the migration to take over the operations of Veneto Banca in Romania

Intesa Sanpaolo has finalized the migration for the transfer of certain assets and certain liabilities from the former Romanian branch of Veneto Banca, including its 19-agencies network, to the newly-established Intesa Sanpaolo SPA Torino Bucharest Branch, a press release informs. ...

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All Telekom Romania mobile entities merged under Telekom Romania Mobile Communications SA

Telekom Romania group announced the merger of all its mobile entities into one, with the aim to concentrate the entire mobile telephony operations of Germanos Telecom Romania SA, Sunlight Romania Filiala Bucuresti SRL and Telemobil SA, as absorbed companies, under ...

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Ikea buys 33,600 hectares of wood in Romania

Ikea bought 33,600 hectares of wood in Romania, being the first such acquisition in the world of the Swedish furniture retailer. “Ikea Group decided to invest in wood operations. This acquisition enables the access to the timber working material (…) ...

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Sweden’s Rosti buys Bianor’s operations in Romania

Rosti Group, Swedish privately-owned plastics processor, with annual sales of EUR 400 million, signed an agreement regarding the acquisition of 100 percent of the shares in the Dutch holding company Boog B.V., and indirectly the Bianor group of companies, from ...

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Wizz Air suspends operations in Craiova, due to rehabilitation of the runway

Low-cost operator Wizz Air has announced on Friday that it has suspended operations in Craiova Airport due to the runway rehabilitation works taking place during the summer, the company informs. “Temporary suspension of operations should help the airport representatives to ...

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