Banca Transilvania , Romania’s third-biggest bank, said on Wednesday it would buy Austrian lender Volksbanken AG’s Romanian business, in a deal that could mark the first move in a wave of sector consolidation in the eastern European country, according to Reuters.com.
Read MoreCategorie: English
Bosch to open new research and development office in Cluj in 2015
Germany’s Bosch on Wednesday said it will open a new office in Cluj-Napoca (northwestern Romania), at the beginning of 2015, where it will develop software solutions for new products, according to Business-Review.eu.
Read MoreStartup Live Cluj-Napoca #3
In this 3rd Cluj-Napoca Startup Live series, we are going to emphasize the lean business principle which is based on customer-driven product development.
Read MoreTwo Viennese orchestras start Christmas tours in Romania
Viennese Strauss Festival Orchestra will start new tour in Romania for its “Vienna Classic Christmas” show, with a concert in Timisoara, on December 11. This is the sixth year when the orchestra tours Romania with a Christmas concert, according to Romania-Insider.com.
Read MoreInfrastructure in ActMedia.eu: International Airport of Cluj-Napoca may record a 10 per cent increase in passenger traffic in 2015
Avram Iancu International Airport of Cluj-Napoca may record a 10 per cent increase in passenger traffic in 2015, David Ciceo, President of the Romanian Airports’ Association and CEO of Cluj-Napoca International Airport said on Tuesday, according to ActMedia.eu.
Read MoreRomania’s Banca Transilvania intends to acquire majority in Volksbank Romania
Banca Transilvania, Romania’s third largest lender, announced on Wednesday that it is currently in negotiations to acquire the majority share package for Volksbank Romania from Volksbank, DZ Bank/AG, WGZ Bank AF in Germany and BPCE in France, writes Mediafax Earlier in the day, Bloomberg published the news regarding BT’s intentions in advance, quoting people near to the situation, says Balkans.com.
Read MoreThe Office in Cluj-Napoca reaches 80 percent occupancy rate
The first building of The Office, a class A project developed in downtown Cluj-Napoca, by real estate investment fund New Europe Property Investments (NEPI) and Romanian businessman Ovidiu Sandor has reached an occupancy rate of 80 percent, according to the developers, according to Business-Review.eu.
Read MoreBanca Transilvania in Talks to Buy Volksbanken Romania
Banca Transilvania SA, Romania’s third-biggest lender, is in talks to acquire Oesterreichische Volksbanken AG (VBPS)’s local unit in a transaction that may help the struggling Austrian bank overcome its capital shortfall, according to bloomberg.com.
Read MoreNew Market Report: Transportation in Romania
Despite the steady growth of the air travel industry in Romania, the air travel load at Romanian airports is still one third that of the major airports of countries in the EU. As much as 76% of all air travel volume is concentrated in the Henri Coanda Airport Bucharest (Otopeni). Large-scale investment projects have been recently undertaken at all major airports of the country including the Henri Coanda Airport; the second airport of Bucharest, the Baneasa Airport; and the regional airports like Cluj Napoca Airport, Targu Mures Airport, Oradea Airport and Suceava Airport. The largest increase in travel volume was recorded at the Targu Mures Airport since Wizzair, the top low-cost airline, has transferred some of its routes from Cluj Napoca and Timisoara airports, according to digitaljournal.com.
Read MoreCluj laughed last month, Bucharest laughing now
Last month, Romania’s second city transformed itself into the national laughter capital, courtesy of the Cluj International Comedy Festival, a celebration of comic film. Festival director Horatiu Dan and programmer Bogdan Besliu looked back over this year’s festival and shared their highlights with Business Review. And what’s more, the film festival comes to Bucharest to give us another good laugh. The event will take place between December 5 to December 7 at Cinema Union, according to Business-Review.eu.
Read More