Treichl said there are signs that Romania can get out of the present situation in a “pretty good way” next year.
“Although the absorption rate is still relatively low, we believe that the EU fund absorption rate will improve quite a lot next year,” he added.
Romanian President Traian Basescu said Monday the country’s European fund absorption rate stands at 14.8% of the budget allotted by the European Union.
Minister for European Affairs Leonard Orban said recently his target is a EU fund absorption rate of at least 20% by 2012. He warned that Romania stands to lose several billion euros in 2013 if it fails to meet this target.
Erste Bank owns 69.4% in Romanian lender Banca Comerciala Romana (BCR).
Earlier today, BCR group said it switched to a loss of 90.5 million lei (around EUR21 million) in the third quarter, versus a net profit of RON6 million in the same period of 2010.
(EUR1=RON4.3150)