Romania: Debt recovery specialist APS buys EUR 24 mln NPL bundle from (...)

March 17, 2023

Debt recovery specialist APS buys EUR 24 mln NPL bundle from "major Romanian bank"
Mar 17, 2023

Debt recovery specialist APS buys EUR 24 mln NPL bundle from "major Romanian bank".

APS Group, which, among others, operates in the distressed debt market, announced that it purchased a EUR 24 mln non-performing loan (NPL) bundle ("Osiris project") from an unnamed "major Romanian bank." This deal consists of nearly 7.000 private unsecured loans with an average nominal value (...)

[Read the article in Romania Business Insider]

SEE ALSO IN ROMANIAN NEWSPAPERS

President Iohannis meets Sheikh Mohamed bin Zayed Al-Nahyan in Abu Dhabi : Romania interested in boosting Emirati investments and bilateral trade exchanges with UAE President Klaus Iohannis held talks with the President of the UAE, Sheikh Mohamed bin Zayed Al-Nahyan, on Monday, during his official visit to the United Arab Emirates (UAE), in which he called for increased trade exchanges and higher levels of UAE investment in Romania. “President Klaus (...)

OMV Petrom Budgets 28% Decline in Revenue in 2023 OMV Petrom (SNP.RO), the largest company in Romania, has budgeted RON40 billion revenue from sales in 2022, compared with RON55 billion in 2022 and the net profit should reach RON3.9 billion compared with the all-time high of RON10 billion of (...)

Hidroelectrica Signs Joint Venture Agreement with UAE's Masdar Hidroelectrica signed a joint venture agreement with UAE’s Masdar on Monday, to build offshore wind farms and floating solar parks in Romania.

Softelligence Ends 2022 with 33% Growth in Revenue to EUR18.5M Romanian technology and consulting company Softelligence, which develops and implements digital transformation solutions in finance-banking and insurance industries mainly, ended 2022 with EUR18.5 million revenue, an increase of 33% year-on-year, the company said in a (...)

PepsiCo opens applications for FirstGen PepsiCo Commercial Management Traineeship Program PepsiCo, one of the leaders in the food and beverage industry, has announced the launch of a new Commercial Management Trainee program dedicated to Romanian young people at the beginning of their professional journey. FirstGen PepsiCo Commercial Management Traineeship Program calls on students, (...)

Dino Parc Rașnov offers free access to students during Saptamana "Școala Altfel" and "Saptamana Verde" educational programs From March to May 2023, Dino Parc Râșnov, the largest dinosaur park in South-East Europe and open-air museum, offers Romanian schools and kindergartens the opportunity to visit the dinosaur park in Râșnov free of charge together with children passionate about dinosaurs and natural sciences, in (...)

Steps towards modernizing the higher education system: FJSC - University of Bucharest completes the first modern institutional rebranding and relaunches its brand image Professor Antonio Momoc, Dean of FJSC: Our graduates are the future communication strategists and influencers of Romanian business. This is the first modern institutional rebranding in the Romanian education system. FJSC benefits from a new visual identity and a new website, aligned with the (...)