ZF newsroom
Razvan Voican
- Fields
- Banks-Insurance, Macroeconomics, Capital Market
- Writing for ZF since
- 2011
- Articles
- 19
Public Debt Strategy: Finance Ministry Wants To Borrow EUR7.2B From External Market Over 3 Years
The government’s foreign currency public debt will not exceed 50% of the total and the annual debt service will not go beyond 10.5% of gross domestic product by 2014, according to the strate...
Wave Of Foreign Capital Outflows Hits Romania: Over EUR2B Gone In May
Over EUR2 billion left Romania in May, in a major wave of foreign capital withdrawals from the local market, which promptly reflected in a depreciation of the leu by 1.5% against the euro.
Former BCR VP Oana Petrescu Becomes Advisory Partner At Deloitte
Oana Petrescu, former retail vice-president at lender BCR, joined consultancy firm Deloitte. She is now in charge of consulting for strategy and operations, human capital, technology and fin...
Millennium Bank Romania To Have New CEO
Portuguese banker Jose Toscano is preparing to leave the position of chief executive at Millennium Bank Romania after a five-year term, according to banking sources.
RBS: We Are Among The Most Profitable, But Giving Up Retail Will Make Us Stronger
RBS Romania, a subsidiary of the British banking group RBS, ended 2011 with a net profit of over 100 million lei (around EUR22.4 million), down 30% on the year, but remained one of the most...
Bancpost Official: Leu Depreciation Is Worrying Us, But It Has Not Reached A Critical Threshold
The weakening of the leu against the euro by around 2% in the past few weeks is a reason for concern regarding clients’ ability to repay their foreign currency loans, but at least for now it...
Citibank Head: The First Quarter Was A Prelude To A Flat Year, In Contrast With The Optimism Of Spring 2011
The biggest risk that the local economy is facing this year concerns the impact that a prospective “disorderly exit” of Greece from the euro zone would have on the risk perception of Romania...
Unicredit Head: We Have To Decide Whether To Join Euro In 2015 Or Start The De-Euroization Of Economy
The target for adopting the euro in 2015 acts as an anchor for macroeconomic balances, but it needs to be reconfirmed because at present it doesn’t seem very achievable, with the alternative...
Erste Wants 100% In BCR, Persuades 339 Individuals To Sell, Continues Negotiations With SIF Oltenia
Austria’s Erste Group (EBS.RO) has only one of the top ten individual shareholders of BCR left to persuade, after nine of them have already accepted the offer to sell at 1.09 lei per share,...
BRD Boss: 2012 Will Resemble 2011, Economy Remains Sluggish
2012 will be another difficult year, it will probably resemble 2011 and will not bring any spectacular developments, said Guy Poupet, chairman of BRD-SocGen, the second largest bank on the m...
Tanasescu, IMF: I Don’t See Any Risks Of Romania Having To Draw Money From Precautionary Arrangement
Securing additional budget revenues through a chain of swaps with state-run companies that are indebted both to one another and to the state budget will be one of the three major sources of...
Stewart, Raiffeisen: Greek Default Not As Shocking As A Year Ago
A potential default of Greece would clearly be bad, but this risk has been talked about so much that if it were to happen, it would not shock the world, as it would have a year ago, says Jam...