Fitch Ratings has upgraded the long-term issuer default rating (IDR) of Banca Transilvania (BT) to ‘BB’ from ‘BB-’ and has also announced that it has removed the Romanian bank from rating watch evolving (RWE), according to Business-Review.eu.
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European Primary Elections: Step it up, ahead of 2019
By Dan Luca and Dominique Ostyn, BruxellesNow is the time to start the debate on how to better organise the 2019 European primary elections and Spitzenkandidaten system, especially in light of the forthcoming European political party congresses later this year.
Read MoreAn overseas successful Romanian startup
The second edition of Techsylvania, the biggest international technology and innovation event in the region will take place from June 6 to 9 at Casa de Cultura a Studentilor in Cluj-Napoca, according to digjitale.com.
Read MoreGeorgian judoka wins gold in Romania
A Georgian judoka has won a gold medal in a surprise upset where he defeated athletes ranked more than 100 places higher than him on official world rankings, says Agenda.ge.
Read MoreRoyal Central: Prince Charles pays a visit to Transylvania
The Prince of Wales paid a visit to Transylvania, part of northwest Romania where he owns several properties, says RoyalCentral.co.uk.
Read MoreFrom outsourcing outpost to global tech talent hub: Is Cluj Europe’s Silicon Valley?
Little more than a decade ago many tech professionals may have struggled to find Cluj on a map. But in that time the city’s established itself as a hotbed for tech talent. Andrei Pantelimon, General Manager at Thomsons Online Benefits in Cluj, discusses the city’s evolution and how it has cemented its reputation, into an article published by GrowthBusiness.co.uk.
Read MoreCFR Cluj have 24-point deduction annulled by CAS
Cash-strapped former Romanian league champions CFR Cluj have won an appeal against a 24-point deduction, the club said on Friday after a decision by the Court of Arbitration for Sport (CAS), according to Daily Mail.
Read MoreAfter the elections in Britain, we must quickly launch a debate on the Future of EU
By Dan Luca, BruxellesAfter the election results in Britain, it seems that the brother of the Labour party leader, David Miliband, start to get “heated up” to take over the British Labour leadership. „They have lost five years with Labour”, emphasized experts in Brussels. It’s obvious that David Miliband will not be involved in the Party of European Socialists, a possibility that was discussed before the elections last Thursday. British Left needs him more than the European Union now.
Read MoreSIF Transilvania, unaudited net profit of 24 million lei in Q1
The Financial Investment Company (SIF) Transilvania posted am unaudited net profit of 24 million lei in the first quarter of this year, swinging back to black after having seen loss at the end of the similar period of 2014, shows the quarterly report published on the website of the Bucharest Stock Exchange.
Read MoreArtisan Infrastructure Acquires Neverfail Group (P)
Artisan Infrastructure, the leading channel-only innovator of cloud management software and enterprise-class Infrastructure-as-a-Service has acquired Neverfail Group, a global provider of business continuity and application dependency / service mapping software. Neverfail’s Business Continuity and Application Discovery/Service Mapping Software Helps Accelerate Artisan’s Cloud Architect™ Cloud Management Platform.
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