Senior Editor
Bogdan Neagu
- Fields
- Capital Market, Macroeconomics, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 1.841
Bucharest Stocks End Flat, Fondul Proprietatea Rises 1.5%
The Bucharest stock exchange closed almost unchanged Thursday, after staying for most of the session in the red.
ING Bank Romania Posts 19% Higher Profit In First Quarter
ING Bank Romania reported a net profit of 82 million lei (EUR18.6 million) for the first quarter, up 19% on the year, the lender said in a statement Thursday.
Erste Group Bank 1Q Net Profit Rises to EUR225.8M
The net profit of Austria’s Erste Group Bank (EBS.RO) more than doubled in the first quarter against the same period of 2014, following an extensive balance sheet clean-up process implemente...
Average Net Salary In Romania Up 5.7% In March
The average salary in Romania rose 5.7% in March to 1,829 lei (around 415 euros) from RON1,731 in the previous month, data from the statistics bureau showed Thursday.
BCR Swings To Profit After Balance Sheet Clean-Up
Romania’s largest lender BCR, a unit of Austria’s Erste Group Bank (EBS.RO), switched to profit in the first quarter of 2015 after a record loss last year caused by huge provisions for non-p...
Isarescu: Lower Requirements Will Free Up RON3B
Romanian banks will have available for lending an additional 3 billion lei (EUR675 million) after the two-percentage point cut of the minimum reserve requirement ratio for leu deposits adopt...
BNR Sees Inflation Down To 0% Over Next 12 Months
Romania’s central bank sees the inflation rate hovering around zero for the next three to four quarters, following the government’s decision to cut the value added tax rate for all food prod...
BNR Cuts Key Rate To Record Low 1.75%; Leu Requirements Also Lowered
Romania’s central bank on Wednesday surprisingly lowered its main monetary policy rate by 25 basis points to a new record low of 1.75%, the seventh rate cut in the current reduction cycle st...
BRD Triples 1Q Net Profit of Declining Risk Costs
BRD-Groupe Societe Generale (BRD.RO), the second largest lender in Romania, almost tripled its first-quarter net profit following a sharp decline in the net cost of risk, the company’s finan...
Jiru: Not Nervous About Romania's Budget Deficit Target
Romania’s government is not worried about keeping the budget deficit within the agreed terms in the convergence program, as the results after the first quarter are very good, Finance Ministr...
EU Sees Romania’s Budget Deficit Widening to 3.5% of GDP in 2016
The European Commission expects Romania’s budget deficit to sharply deteriorate next year due to tax cuts envisioned in the new tax code draft, the EU’s executive arm said in its spring fore...
Romania Could Launch Government Bond Sale To Population In June
Romania’s Finance Ministry prepares for June the first sale of government bonds to population since 2005, the treasury chief said Tuesday.