Banks-Insurance
Tanasescu: Romania’s 2012 Budget To Be Computed Against RON4.3 To The Euro
Romania’s 2012 state budget will be computed using an average exchange rate of 4.3 lei to a euro, up 0.09 lei compared with the exchange rate used to compute the budget for 2011, the country...
Government To Set List Of Major Investment Projects For 2012 - Tanasescu
The Romanian Government will set a list of about 60 major investment projects whose implementation next year will be closely monitored by authorities, the country’s representative to the Int...
Tanasescu: Private Consumption To Contribute To GDP Growth In 2012, Offset Exports Slowdown
Exports will slow down next year and agriculture will probably not have the same weight in the gross domestic product, so the country’s economic growth will be supported to a higher extent b...
Erste CEO: Romania’s EU Fund Absorption Rate To Improve Considerably In 2012
Romania’s European fund absorption rate will improve considerably next year and will help the economy recover, Erste Group Bank chief executive Andreas Treichl said Friday.
Erste Vows To Make BCR Number One Bank In Romania
Austrian Erste Group Bank (EBS.RO) will allocate more resources to improve the efficiency of its Romanian unit Banca Comerciala Romana (BCR) and make the bank the number one player on the lo...
Erste Could Buy Half Of SIFs’ Holding In BCR By Year-end
Austria's Erste Group Bank AG (EBS.RO) Friday said it could strike a deal by year-end with the minority shareholders SIFs in its Romanian unit Banca Comerciala Romana (BCR) for half of their...
BNR: New Regulations Won’t Limit Foreign Mortgage Lending
Romanian central bank’s new lending regulations don’t include restrictions for mortgage loans in foreign currency, governor Mugur Isarescu said Friday.
Erste Switches To 9-Mo Loss After Goodwill Write-downs, CDS Portfolio Cut
Austria's Erste Group Bank AG (EBS.RO) Friday said it has switched to a net loss of EUR973 million in the first nine months, due to goodwill write-downs in Hungary and Romania, additional ri...
BCR Net Profit Falls Sevenfold In January-September
Romanian leading bank group Banca Comerciala Romana (BCR) Friday said its net profit dropped sevenfold on the year to 67.6 million lei (EUR15.6 million) in the first nine months, hurt by ris...