12 dec 2011

Romania’s largest lender Banca Comerciala Romana (BCR) has a big opportunity in terms of repricing and competitiveness, as its main rivals are undergoing a series of management or structural more

12 dec 2011

Buying Romania’s bank Banca Comerciala Romana (BCR) has proved to be a very “expensive venture” for Erste Bank, as the global financial and economic crisis severely impacted the region, said more

12 dec 2011

Some 10% to 15% of the non-performing loans of Romanian bank Banca Comerciala Romana (BCR) are due to frauds committed by dishonest employees and by outside persons, Chief Risk Officer Michael Beitz more

12 dec 2011

Romania’s Finance Ministry on Monday sold 1.42 billion lei (EUR327 million) in 11-month treasury bills, above the planned amount, at an average yield of 6.6% a year. more

12 dec 2011

The weak level of competitiveness in the Romanian banking system is allowing banks to dump some of their costs on to their customers, central bank governor Mugur Isarescu said Monday. more

12 dec 2011

Romania’s leu lost early gains versus the euro by midday Monday and the central bank’s reference weakened slightly to 4.3409 units, from 4.3397 units in the previous session. more

12 dec 2011

Romanian central bank Monday injected 7.63 billion lei (EUR1.7 billion) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the monetary policy more

12 dec 2011

Moody’s Investors Service Monday warned Romanian banking system could come under increasing pressure due to the escalation of the European banking and sovereign debt crisis. more

12 dec 2011

Swedish Sweco Monday said it has won a EUR3 million contract to provide consultancy service for the modernization of the Stejaru-Bicaz hydropower plant, a unit of Romania’s hydropower generator more

12 dec 2011

Romanian dairy maker Prodlacta Brasov (PRAE.RO) has entered into insolvency proceedings after a local court approved in November the request filed by the company’s legal administrators. more

12 dec 2011

Bucharest-listed shares were mostly lower Monday morning, with the composite index BET-C shedding 0.26% amid low volumes. more

12 dec 2011

ATE Bank Romania Monday said it has increased its share capital by 84.47 million lei (around EUR20 million) to RON220.94 milion, via cash contribution from its majority holder, Greece’s ATE Bank. more

12 dec 2011

Romania’s leu edged higher against the euro Monday morning and traded below 4.34 units amid low volumes. more

12 dec 2011

Regional investment fund SIF Transilvania (SIF3.RO) transferred the entire 6% stake it held in Romanian lender BCR to Austria's Erste Group Bank (EBS.RO), and received a 1% stake in the Austrian bank, more

12 dec 2011

Romanian consumer prices rose 0.42% on the month in November, on higher prices across the board, but the annual inflation eased to 3.44%, a fresh record low since the end of the communist regime in more

12 dec 2011

Romania’s trade deficit narrowed slightly to EUR7.68 billion in the first ten months of 2011, from EUR7.74 billion in the year-earlier period, the country’s statistics institute INS said Monday. more

9 dec 2011

The Bucharest Stock Exchange plans to attract more companies to its trade platforms and US social networking company Facebook is definitely an attractive option, bourse president Stere Farmache said more

9 dec 2011

The European Bank for Reconstruction and Development is considering extending Romania’s lender BRD two credit lines amounting to up to EUR30 million to finance energy saving projects. more

9 dec 2011

Two shareholders of Belgium’s property developer Bel Rom Real Estate plan to build three wind farms in Romania with a total installed capacity of 150 MW. more

9 dec 2011

Romania doesn’t need to join the other EU states in a common effort to increase the financial resources of the International Monetary Fund, but it would have been “more than able” to do so if more

9 dec 2011

Romania’s leu edged lower against the euro in late trade Friday and closed slightly weaker on the day, amid low volumes. more

9 dec 2011

The Romanian Economy Ministry will sell a 15% stake in natural gas producer Romgaz by end-June 2012, according to the government’s latest letter of intent to a EUR3.5 billion loan agreement with the more

9 dec 2011

Commercial lenders are bound to undergo deep reorganization starting with 2012, because previous hopes that the economic and financial downturn was only a temporary setback are now obsolete, an more

9 dec 2011

Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) has awarded public procurement contracts worth 300.6 million lei (EUR69.2 million) in 2011, down 14.2% on the year, according more

9 dec 2011

Romania is in favor of imposing stricter fiscal rules in the European Union, including penalties for exceeding a budget gap of 3% of the gross domestic product and a government debt of 60% of GDP, more