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
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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
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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
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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,
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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
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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
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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
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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
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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
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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
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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,
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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
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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
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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
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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
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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
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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
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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
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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%
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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
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