13 iul 2015

Businessman Jean Valvis has taken Aqua Carpatica mineral water brand to US retail chains’ shelves, in an attempt to develop his international operations, which should generate 50% of revenue in more

9 iul 2015

Lucian Anghel refused the position of first vice-president with CEC Bank and agreed to remain at Erste Group and Banca Comerciala Romana, according to sources on the banking market. more

18 iun 2015

Horia Ciorcila, president of Banca Transilvania (TLV.RO) and the main individual shareholder, sold Wednesday a stake of 23 million Banca Transilvania shares worth approximately EUR11 million. more

3 iun 2015

BCR needs to ‘structurally’ improve its relationship with the corporate customers and to do so it will completely reassess the lending products and processes on this segment, says Andreas Treichl, more

15 mai 2015

BCR has put up for sale the largest set of non-performing loans in Romania’s history, worth about EUR3.6 billion in lei equivalent, much higher than initially discussed. The move shows Romania’s more

2 apr 2015

BCR, the largest bank in Romania, is getting ready to sell non-performing loans of EUR1 billion to EUR1.5 billion, the highest amount so far, a move that is bound to draw a lot of attention. more

9 dec 2014

Talks between Banca Transilvania and Volksbank are edging closer to getting the “final signature” from the Austrian bank’s shareholders, and the price of the deal has been the main topic of more

19 sep 2014

Dutch-held financial group ING will continue to invest in Romania, directing its resources mainly towards the small and medium-sized enterprise area and towards retail in an attempt to strengthen its more

11 iul 2014

OTP Bank, the local branch of the largest Hungarian financial group, is one step away from completing talks with Portugal’s Millennium to buy its Romanian subsidiary. The move would allow it to more

13 dec 2013

Romanian entrepreneurs Ioan and Viorel Micula, owners of European Food&Drinks group, have won their legal dispute with the Romanian state regarding the cancellation of a series of fiscal incentives more

9 dec 2013

The Romanian Government is preparing a set of measures aimed at restarting consumption for the beginning of next year. The measures will not affect budget resources, Budget Minister Liviu Voinea said more

9 dec 2013

Central bank governor Mugur Isarescu did not bring about the meeting last Tuesday between Romanian President Traian Basescu and Prime Minister Victor Ponta on the state budget and on the letter of more

22 nov 2013

Volksbank, one of the biggest loss-makers on the Romanian banking market, has put up for sale a bundle of non-performing retail loans worth around EUR600 million in total. The amount includes the more

4 nov 2013

The arrangers of the sale of 15% in Romgaz (Goldman Sachs, Erste, Raiffeisen and BCR) put their own interests before the seller’s, the Romanian government, which hired them and paid them to get the more

12 iul 2013

Romanian telecom operator RCS&RDS plans to launch a bond issue of EUR500 million on the external market and it has already hired a consortium of banks to arrange the transaction. more

25 iun 2013

Stephane Richard, chairman and chief executive of Orange, says the telecom market in Romania is extremely competitive, and one needs to invest a lot and keep an eye on what competitors do at all more

2 apr 2013

Banca Transilvania (TLV.RO) has placed a non-binding bid to buy the operations of the Romanian branch of Bank of Cyprus, market sources told ZF. more

6 aug 2012

The irresponsibility of the entire political class leads to economic decline and weakens the country’s ability to withstand external pressures. more

30 mai 2012

Almost four years since the crash of the Lehman Brothers bank, the officially recognized milestone that marks the start of the most serious financial and economic crisis of the last eighty years, a more

3 apr 2012

Prime Minister Mihai Razvan Ungureanu is to announce the make-up of the board of consultants this week that will advise him on the economic strategy the government should follow and the solutions that more

30 mar 2012

Gabriel Popescu, professor at Bucharest’s Academy of Economic Studies (ASE) is in talks to become secretary of state in the cabinet of prime minister Mihai Razvan Ungureanu, in charge of economic more

23 feb 2012

Bogdan Olteanu, deputy governor of the Romanian central bank, took over at the end of January as president of the Court of International Commercial Arbitration attached to Romania’s Chamber of more

17 feb 2012

The Romanian banking system, which consists of 41 banks, took a tentative step forward in 2011, managing to increase its assets by 3.5% and cut its aggregated loss from 516 million lei (EUR118.6 more

20 ian 2012

As soon as Romanian lender Banca Transilvania (TLV.RO) announced the resignation of its chief executive officer, the question on everybody’s lips was: why did Robert Rekkers leave? more

23 dec 2011

Journalistically speaking, 2011 has been an extraordinary year. So full of events and also so many systems, markets, taboos, customs, people, entire countries called into question that everything more