A multijurisdictional team of law firm Clifford Chance, from its Bucharest and London offices, assisted the investment banking syndicate in the EUR500 million AT1 bond issue of Banca Transilvania S.A on the international markets, the first such issue of the lender and the largest in Central and Eastern Europe.
Franklin Templeton (FT), as sole administrator of Fondul Proprietatea (FP), a minority shareholder in the Bucharest Airports National Company (CNAB), has reaffirmed its support for the listing of CNAB on the Bucharest Stock Exchange, which may represent an important moment for the development of the Romanian capital market and an opportunity for the development of the airport infrastructure in the capital area.
60% of Romanian entrepreneurs are considering investing in innovation, despite 63% deeming the business environment unfavorable, according to the EY Entrepreneurship Barometer.