General Director of the Romanian Commercial Bank (BCR) Dominic Bruynseels said on Thursday he expects a higher lending in the last quarter of 2011, given that
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BRD-Groupe Societe Generale ended H1 of this year with a net profit of 282 million lei (some 66.5 million euros), the net banking income having stood
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Transilvania Bank (BT) has obtained a net profit almost doubled in the first six months of this year, 65.67 million lei (about 15.5 million euros), compared
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President Traian Basescu says the economic programme implemented by the Romanian Government essentially contributed to the strengthening of economic growth in Romania, creating conditions for 'relatively
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Romania seems to be saved after two years of sacrifices during the financial crisis and the arrangement with the International Monetary Fund (IMF), the World Bank
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Officials of the International Monetary Fund (IMF) believe Romania is very likely to continue positive economic growth in 2012 and even to accelerate it, according to
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The H1 general budget deficit stood at RON 11.3 billion, ie 2.07 pct of GDP, below the RON 12.6 bln deficit target set forth in the
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The time deposits and the deposits redeemable at notice in lei in June 2011 amounted to over 81 billion lei (approximately 19 billion euros), out of
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President Traian Basescu believes the recent attempt to sell a stake in the Petrom oil corporation by a secondary offering was a failure, insisting that Romania
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The Romanian Commercial Bank (BCR) reported a net profit of 158.2 million lei (37.8 million euros) in the first half of the current year, an amount
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The European Union's eastern members are bolstering the economic defences they have set up over the last two years to guard against growing contagion risks from
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The euro zone attempted to draw a line under Greece’s mounting debt problems Thursday (21 July) as banks holding the country's government bonds agreed to contribute
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The entry of Greece in default, and /or banks, will not make Greek banks to withdraw funding from subsidiaries in Central and Eastern Europe, and branches
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Years 2009 and 2010 have brought into the public pension system the largest number of beneficiaries of such social insurance, the early retirements rising the most
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A second rescue package for Greece will likely exceed the size of its predecessor, sources told EurActiv, as finance ministers take heed of investors' reluctance to
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Romania has the lowest financial brokerage level in Europe alongside Poland, while the money supply created in the prior years does not represent the inflation problem,
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OAO Sberbank will use the acquisition of Volksbanken International AG as a springboard to expand into the former communist part of Europe and Turkey as it
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Romania currently has a stable economy and no additional measures on taxation are considered, said on Thursday, Finance Minister Gheorghe Ialomitianu.
He admitted, however, that any turbulence
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The capital market could be encouraged through two measures, namely through the tax reduction for the listed companies and the tax reduction for the revenues gained
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Romania's capital market is well-outlined, but, inside, there is still much to do, Authorization-Regulation Director General in the National Securities Commission /CNVM/ Radu Toia told a
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