Banks-Insurance
ING: Romania’s 2Q GDP A Positive Surprise, After Sector Performances
Romania’s second-quarter gross domestic product data is a positive surprise, as sector performances were weak, with only constructions posting a small growth, ING Bank Romania chief economis...
MedLife Borrows EUR40M From IFC, Erste To Fund Network Expansion
Romanian private healthcare operator MedLife on Tuesday signed a syndicated loan agreement worth EUR40 million with the International Finance Corporation (IFC) and Erste Group Bank to financ...
Leu Opens Up Vs Euro, Unaffected By GDP Data
The Romanian leu opened up Tuesday, to match quotations on the foreign markets as Monday the local market was closed for a national holiday, but it soon lost some ground, in line with the ot...
Wimmer, Erste: People Have Yet To See Benefits Of Economic Stabilization
BCR (Banca Comerciala Romana) has put behind it the lowest point in terms of net interest income – a bank’s main source of profit, but recovery will be slow as long as sales of new retail lo...
Romanian Government Replaces Banks As Short-Term External Debt Driver
The Romanian government doubled its short-term external debt in the first half of the year to over EUR3 billion, triple compared to last summer, while banks’ indebtedness rose by just EUR360...
Erste: We Financed Your Deficit Because We Had A Strategic Interest In Romania
The strategic interest of Austria’s Erste Group in Romania allowed the government to get financing at good rates, says Manfred Wimmer, chief financial officer of Austrian group that controls...
Economic Growth To Slow Down In 2Q
Romania’s statistics institute is set to announce Tuesday a second-quarter economic growth close to zero or even a minor contraction, analysts say.
Fitch Upgrades Bucharest To 'BBB-' With Stable Outlook
Fitch Ratings Friday upgraded the Romanian city of Bucharest's long-term foreign currency ratings to 'BBB-' from 'BB+' and the long-term local currency ratings to 'BBB' from 'BBB-', with sta...
Leu Ends Higher Vs Euro On Positive Sentiment
Romania’s leu gained 0.4% versus the euro Friday, partly recouping a 0.6% loss in the previous session, after news that the US retail sales advanced to a two-month high in July, dampening in...