ERSTE GROUP
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Erste Group Revises Romania Yearend Inflation Higher to 7.0%
Erste Group has upwardly revised, from 6.4% to 7%, its estimate about Romania yearend annual inflation, after the annual inflation rate climbed again in September, from 6.61% to 6.17% in August.
Green Breeze Wind Farm, Funded By BCR And Erste Group, Reaches Commercial Operation
The Green Breeze Wind Farm, financed by Banca Comerciala Romana (BCR) and Erste Group, has reached commercial operation and is now delivering renewable electricity to the Romanian grid.
Erste Group Downwardly Revises Romania 2026 Inflation Estimate to 6.4%
The steep deceleration of Romania inflation in August was a positive surprise for Erste Group analysts and they announced a downward forecast revision for end-2026, from 6.9% to 6.4%.
Portugal's Greenvolt Secures EUR58.5M Financing From Erste Group, BCR For 49.8 MW Wind Project In Romania
Greenvolt Group, through the Greenvolt Power division, a global developer of large-scale wind, solar, and battery energy storage projects, has obtained EUR58.5 million financing from Erste G...
Austria's Erste Group, The Owner Of BCR, Acquires 49% Stake In Santander Bank Polska Group For Nearly EUR6.8B
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has announced on May 5 that it has entered into an agreement with Banco Santander to acquire a 49% stake in Santander B...
Erste Group Cuts Romania's 2024 GDP Growth Forecast To 0.8% From 1.9%
Erste Group, the owner of Banca Comerciala Romana (BCR), said in a report released on Thursday (Nov 14) that it had lowered its full-year economic growth forecast for Romania to 0.8%, down f...
Clifford Chance Assisted Erste Group and BCR in Funding Development of 99.2 MW Onshore Wind Project Nala Renewables Acquired from OX2
A multijurisdictional team of Clifford Chance assisted Erste Group Bank AG and BCR in funding the development of a 99.2 MW onshore wind project that Nala Renewables bought from OX2.
Erste Group Revises Romania's 2024 GDP Growth Forecast Down To 2.6% From 3.3% Previously
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has revised downwards its forecast on Romania’s economic growth to 2.6% for 2024 from a previous estimate of 3.3%, afte...
Erste Group: Romania Likely to Hit New 8% Inflation Peak in Jan-Feb 2024
Erste Group, which owns BCR in Romania, has upwardly revised its Romania inflation estimate for 2024 amid stepped up inflationary pressures, now expecting a peak of at least 7% in January-Fe...