ING: NBR will cut main rate to 6.5% (08-03-2010)

ING analysts said the central bank was likely to continue easing the monetary policy in its next rate-setting session scheduled for March 29. The central bank Full story

Romanians change savings from foreign currency to lei (08-03-2010)

The foreign currency saving process sharply dropped in the last couple of months, in parallel with the stabilization of the exchange rate, daily Ziarul Financiar informed Full story


BNP Paribas Real Estate: real estate is rock ‘n’ roll (08-03-2010)

Earlier this year, Edit Vesser, one of the big-league property advisers in Romania, took up the chief executive role at BNP Paribas Real Estate. “The thought Full story

General Insurance In Romania Least Profitable In CEE (08-03-2010)

Romania has the least profitable general insurance sector in Central and Eastern Europe, mainly because of loss on the auto insurance segment, said Thursday Cristian Constantinescu, Full story


Austrian banks reduce exposure to Romania (08-03-2010)

Austrian parent banks have decreased their exposure to Romania by a collective €1.79 billion between July and September to €28.31 billion, after the €178-mln reduction a Full story

Romanian Private Pension Funds Lack Enough Liquidity For Long-Term Investments (08-03-2010)

Private pension funds in Romania don’t have enough liquidity yet to invest in long-term treasuries and prefer short-term investments, Bogdan Dragoi, state secretary with the Finance Full story

Salans advised Franklin Templeton in the selection process for FP (08-03-2010)

Legal adviser Salans advised Franklin Templeton Investment Management Limited, the UK-based investment management company, part of Franklin Templeton Investments group, throughout the selection process for the Full story

Central Depository settles deals worth bln. 7 lei, in 2009 (08-03-2010)

The Central Depository settled 1.5 million transactions totaling seven billion euros, in 2009, reads institution's release.Last April marked a peak with 180,380, while last Jan came Full story

IMF: Without fiscal policy decisions budget deficit may reach 8.4 pct (01-03-2010)

Romania's budget deficit may reach 8.4 percent of the GDP in 2010 in the absence of some new fiscal policy decisions, which would impose an adjustment Full story

Bankers to get 5.5% pay rise in 2010 (01-03-2010)

Nearly 70% of the employers in Romania gave pay raises last year, compared to only 60% of the companies in the finance sector, according to a Full story

Farmache: Alpha Bank has above-average capital ratio (01-03-2010)

Alpha Bank’s risk-adjusted capital ratio topped banking sector average, after the earlier 288.37 million lei (around €70 million) cash inflow from its parent group, Stere Farmache, Full story

Pension funds bet 70 million euros on Stock Exchange (01-03-2010)

Private pension funds have constantly boosted their capital market exposure in the past year, with their investments in listed stocks now standing at 283 million lei Full story

Romania BCR 09 Net Profit At RON871.7M, Down 43% YY (01-03-2010)

Romania’s largest lender Banca Comerciala Romana, or BCR, on Friday reported a net profit after taxes and minority interests of 871.7 million lei (EUR206.3 million) for Full story

Erste Group’s 2009 profit rises 5% amid crisis (01-03-2010)

Erste Group, the parent bank of Romania’s Banca Comerciala Romana said its 2009 net profit rose 5.1% from 2008 to €903.4 million, as almost all its Full story

Fondul Proprietatea, Franklin Templeton wrap up agreement (01-03-2010)

Franklin Templeton Investments completed the signing of the investment management agreement, appointing it as investment manager of the Fondul Proprietatea Romanian equity assets. Templeton Emerging Markets Team Full story

Banks will have to amend all loan agreements (01-03-2010)

Banks will have to modify the clauses of the loan agreements, including of those already sealed, in order to comply with the European Directive 2008/48/C that Full story

Fitch downgrades Bancpost and Banca Romaneasca (01-03-2010)

Fitch Ratings has revised yesterday the long-term issuer default ratings of Banca Romaneasca and Bancpost, a day after lowering ratings of their parent banks, National Bank Full story

EIB invests bln.1.473 euros in Romania, in 2009 (01-03-2010)

About 1.9 percent of the record credit volume worth 79.102 euros that the European Investments Bank (EIB) provided last year, went to Romania which benefited from Full story

Erste Group forecasts 1.44 bln lei profit for 2009 for Petrom (01-03-2010)

Erste Group expects the oil and gas company OMV Petrom (ticker: OMV) to report a net profit of 1.44 billion lei (€340 million) for 2009, 41% Full story

Stere Farmache Reelected Bucharest Bourse President (22-02-2010)

The Bucharest Stock Exchange’s shareholders on Friday reelected Stere Farmache as Chairman of the Board. Farmache received 57% of the votes, while his main opponent, Bucharest Full story