Banca Transilvania About To Enter Final Talks To Buy Bancpost

Banca Transilvania About To Enter Final Talks To Buy Bancpost

09.15.2017

Cluj-based Banca Transilvania is to sign the exclusive agreement to negotiate for Bancpost, after having competed with US investment firms Varde and J.C. Flowers over it, banking industry sources say.

ING Bank Romania Posts 32% Higher Revenue In 1Q/2018, Of RON425M ING Bank Romania Posts 32% Higher Revenue In 1Q/2018, Of RON425M

ING Bank Romania on Thursday said its revenue grew 32% on the year, to RON425 million, in the first quarter of 2018, and its net profit

more
World Bank Sees Romania's Economic Growth at 5.1% in 2018, Deficit at 3.3% World Bank Sees Romania's Economic Growth at 5.1% in 2018, Deficit at 3.3%

Romania's economy is projected to continue to grow above potential in 2018 with GDP likely to expand by around 5.1%, driven by the

more
AmCham Romania Urges Preservation of Current Private Pension System AmCham Romania Urges Preservation of Current Private Pension System

AmCham Romania (the American Chamber of Commerce in Romania), which represents over 430 American, multinational, and Romanian

more
Romania’s GDP Growth Flat In Q1 2018 Vs Q4 2017, Analysts Revise Forecasts Romania’s GDP Growth Flat In Q1 2018 Vs Q4 2017, Analysts Revise Forecasts

Romania’s GDP only rose 4.2% in the first quarter compared with the first quarter of 2017, while analysts expected 5.4%. The economy

more
Location Is Key To Developing A Viable Franchise Location Is Key To Developing A Viable Franchise

There are about 400 concepts on the Romanian market and 35% of them are Romanian. The largest Romanian franchise concepts include Salad

more
Romanian Central Bank Governor Might Retire in 2019 Romanian Central Bank Governor Might Retire in 2019

Romanian central bank governor Mugur Isarescu might retire in 2019 upon expiry of his term at the central bank and reaching the

more
EBRD Invests Over EUR500M In Romania In 2017 EBRD Invests Over EUR500M In Romania In 2017

The European Bank for Reconstruction and Development (EBRD), the main institutional investor in Romania, invested over half a billion

more
Raiffeisen Bank Doubles Profit in 1Q, to RON212M Raiffeisen Bank Doubles Profit in 1Q, to RON212M

Lender Raiffeisen Bank doubled its net profit in the first quarter, to RON212 million, while its revenues increased 16%, to RON554

more
Contribution Freezes and Cuts Cost Romanians EUR1.1B of Future Private Pensions Contribution Freezes and Cuts Cost Romanians EUR1.1B of Future Private Pensions

Non-observance of the calendar to raise contributions to private pension Pillar II to 6% of gross income has had an impact of EUR1.1

more
Transavia Meat Producer Gets 15% Of Sales From Exports Transavia Meat Producer Gets 15% Of Sales From Exports

The Transavia group, which includes the company the by same name in Alba County and producer Agricola Brasov, posted EUR145 million

more

Analysis

Asking Prices for Housing Decline in Bucharest, Grow in Other Cities in 3Q Asking Prices for Housing Decline in Bucharest, Grow in Other Cities in 3Q

Asking prices of home for sale in Bucharest declined but grew in other cities across the country by an average 3.5% in the third quarter compared with the second quarter, according to a report released Tuesday by real estate website Imobiliare.ro.