Banks-Insurance
Overdue Loans Up 2.4% To RON20.6B In September
Romanian overdue private loans edged up 2.37% on the month to 20.66 billion lei (EUR4.77 billion) in September, from roughly RON20.2 billion a month earlier, central bank data showed Wednesd...
Romania Faces Difficulties If Mother-Banks Reduce Cash Flows, President Says
Romania might find itself in a difficult situation if foreign banks were to reduce their support to the local subsidiaries, President Traian Basescu said Wednesday.
Nokia Romanian Plant Closedown May Translate Into 0.2% Drop In GDP - Deloitte
Consulting company Deloitte estimates the closedown of Nokia’s plant in Cluj county, northwestern Romania, may translate into a 0.1-0.2% drop in the gross domestic product, which might be ba...
Retail Lending Frozen Again As Most Money Goes To Companies
Private lending was up in September, solely driven by corporate loans, because consumers were again afraid to take on debt.
Greek Banks Take Out EUR0.65B From Market In 2Q, French Banks Add EUR4.7B
Greek banks continued to reduce their exposure to Romania in the second quarter of this year, while French and Austrian banks increased their financing, according to data published by the Ba...
BCR, Banca Transilvania Could Agree To Debt-To-Equity Swap At Oltchim
Romanian banks Banca Comerciala Romana (BCR) and Banca Transilvania (TLV.RO) could agree to a debt-to-equity swap at chemical company Oltchim SA (OLT.RO), the Economy Ministry said Tuesday.
PwC: Romanian Employee Return On Investment Down 12% In 2010
The return on investment of Romanian employees dropped 12% last year, from 1.53 to 1.34, in terms of pre-tax revenue generated by each employee for every monetary unit (euro, dollar or leu)...
Private Pension Funds’ Yield Topped Inflation Over Past Four Years - Association
The average annualized yield of Romania’s mandatory private pension funds and voluntary pension funds reached 12.1% and 7.4%, respectively, since they were set up, and exceeded the average a...
PwC: Wage Hikes In Romanian Pvt Sector In 2009-2011 Merely Covered Inflation
Wage raises in the Romanian private sector in 2009-2011 merely covered the inflation rate, so Romania did not register any real wage growth compared to 2006-2008 when wages climbed 5-10 poin...