Analysis
Romanians Put Aside EUR5B During Crisis
Deposits at Romanian banks climbed by almost EUR10 billion in the past three years, as customers adjusted their financial behavior to the economic crisis.
Ernst&Young: Romania M&A Market Down 28% To $909M In 2011
Romanian mergers and acquisitions market fell 28% on the year to $909 million in 2011, despite a slight increase in the number of closed deals, according to Ernst&Young data.
Fashion Retailers Come And Go In Romania, Triaged By The Crisis
Nobody knows which came first, but we know the latest ones to leave. Esprit, Etam and Celio join the ranks of fashion retailers leaving the local market. They are not the only ones, but they...
Shattered Confidence Of Romania's Young Generation: Number Of Weddings At Record Low
Romanians have lost their confidence in the economy and about their future in the Eastern European country, statistics show: only 105,000 marriages were registered in 2011, almost half of th...
KPMG: Banking System Might See Consolidation
A consolidation of the banking system might occur where the market position and investment level no longer justify the presence of a bank in Romania or if they fail to find certain niches, b...
Romanian Leu, Stocks Unfazed After Street Protests, May Falter If Things Escalate
Violent protests that left 59 Romanians injured over the weekend had no effect on the local financial markets so far, but an escalation may lead to the government’s collapse and implicitly t...
ING: Pre-Election Spending To Mitigate Romanian GDP Drop In 1H
Romania might be able to fend off some of the external pressure following the economic downturn in the euro zone in the first half of 2012, aided by pre-election spending, but the boost will...
Romania's Financing Costs May Increase After S&P Cut Euro Zone Ratings
An increase in euro financing costs and a higher leu/euro exchange rate volatility could be the first effects of rating agency Standard & Poor’s (S&P) decision to downgrade nine euro zone co...
BCR Sees EUR120M Pretax Profit In 2012
Romania’s largest lender by assets Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG, estimates a pretax profit of 516 million lei (EUR120 million) in 2012, people in the...