11.14.2024

Erste Group, the owner of Banca Comerciala Romana (BCR), said in a report released on Thursday (Nov 14) that it had lowered its full-year economic growth forecast for Romania to 0.8%, down from its more

08.19.2024

A multijurisdictional team of Clifford Chance assisted Erste Group Bank AG and BCR in funding the development of a 99.2 MW onshore wind project that Nala Renewables bought from OX2. more

08.01.2024

Banca Comerciala Romana (BCR) announces that, starting August 1, 2024, Ilinka Kajgana, Chief Risk Officer at BCR, will assume a new responsibility within Erste Group. more

05.02.2024

The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, reached more than 50 points in April, which could be more

04.22.2024

Eurowind Energy, a Danish renewable energy company, has signed a EUR65.33 million loan facility for the construction of a wind farm in Pecineaga, Constanta County, with a total capacity of 48 MW. more

02.15.2024

Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has revised downwards its forecast on Romania’s economic growth to 2.6% for 2024 from a previous estimate of 3.3%, after more

11.07.2023

Erste Group, which owns BCR in Romania, has upwardly revised its Romania inflation estimate for 2024 amid stepped up inflationary pressures, now expecting a peak of at least 7% in January-February. more

07.26.2023

Cerealcom Group, one of the most successful Romanian agribusinesses and the country’s largest producer and exporter of cereals, has signed a club loan-type revolving credit financing worth EUR100 more

04.12.2023

Retail property developer NEPI Rockcastle has contracted green financing worth EUR200 million from Erste Group Bank AG and Raiffeisen Bank S.A. in order to improve its liquidity position. more

02.16.2023

Clifford Chance Badea advised the bank syndicate including Banca Comerciala Romana S.A. and Erste Group Bank AG in connection with the financing of the acquisition by Austrian group Enery Power more

02.06.2023

Austria’s financial group Erste has revised its forecast on Romania’s annual inflation rate down to 8% by end-2023, versus 8.7% in its previous forecast, after the rate touched a record high of more

01.12.2023

Real estate developer Globalworth, one of the leading investors in office space in Central and Eastern Europe, has signed financing contracts for two new credit facilities worth EUR160 million, with more

09.19.2022

Romanians have adapted their financial behavior in the context of the accelerated increase in inflation, prices and utility bills in recent months, with almost half of them (47%) reducing costs, more

09.09.2022

Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has revised upwards its forecast on Romania’s economic growth to 6% in 2022, from a previous projection of 5.1%. more

07.25.2022

Austrians are ever more dynamic on Romania’s investment market and after UNIQA Real Estate GmbH that bought The Light One building from Ion Radulea in April 2021, in 2022 an investment fund of Erste more

06.09.2022

Erste Group, which owns Romanian lender Banca Comerciala Romana, on Thursday (June 9) revised upwards its forecast on Romania’s economic growth to 5.1% in 2022, from a previous projection of 2.8% in more

04.29.2022

Erste Group, which owns Romanian lender Banca Comerciala Romana, on Friday published a report on the economy of the Central and Eastern European countries, in which it revised its forecast for more

11.15.2021

Financial investment company SIF Banat Crisana (SIF1.RO) sold shares in Erste Bank (EBS.RO) - the Austrian group that owns BCR in Romania - for about EUR15 million euros (RON75 million) in the third more

11.08.2021

Law firm Dentons has assisted Erste Group Bank, Raiffeisen Bank and Banca Comerciala Romana in concluding a RON750 million loan facility contract with Romanian energy supplier Electrica which will use more

11.03.2021

Electrica (EL.RO), one of the main actors on the energy supply and distribution market in Romania, has signed a RON750 million loan agreement with Erste Group Bank and Raiffeisen Bank Romania, the more

11.02.2021

Romanian BCR Group, owned by Austria's Erste, posted a net profit attributable to the majority shareholder of EUR195 million in the first nine months of 2021, up 38% year-over-year, Erste said in its more

11.02.2021

Lender Banca Comerciala Romana (BCR), owned by Austria's Erste Group, on Tuesday reported net profit of RON1.14 billion (EUR232.5 million) for the first nine months of 2021, 35% higher than in the more

07.30.2021

Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estimates a more

07.30.2021

Romanian BCR Group, owned by Austria's Erste, posted a net profit attributable to the majority shareholder of EUR116.7 million in the first half of 2021, up 43.2% from EUR81.5 million reported in the more

07.01.2021

Erste Group, the majority shareholder of Romanian lender BCR, said Thursday it was merging its IT companies to create Erste Digital, one of the largest IT services companies in Austria and the Central more