The cross-border merger by absorption of Credit Europe Bank Romania S.A. into Dutch parent company Credit Europe Bank N. V. was initiated and, after the merger, the former will continue its activities in Romania as a subsidiary of the latter, as per data provided on June 10 by the representatives of the institution.
Romania's Finance Ministry raised RON1.03 billion from banks on Monday (June 10), selling government paper in two auctions, at annual average yields of 6.29% and 6.69%, respectively.
Forty Management, a Romanian developer of real estate projects with mixed destination and green urban reconversion, has announced that it will inaugurate on June 12 the Lagoon Park Bucharest project, the first artificial urban beach in Europa, following an investment of EUR33 million.