11.28.2012

Romania’s financing needs for 2013 are estimated to stagnate at around 70 billion lei (EUR15.5 billion), equal to 11% of the gross domestic product, Austrian Erste Group Bank AG said in a report more

11.26.2012

Erste Private Banking Romania, the private banking arm of the country’s largest bank BCR, estimates full-year transactions with investment products of EUR420 to EUR430 million, up from EUR401 more

11.15.2012

Romanian economy will likely stagnate in 2012, held back by a negative environment elsewhere in Europe, Austrian lender Erste Group Bank AG said Thursday. more

11.02.2012

Romania’s recent successful bond sale in international markets will more than cover the country’s financing needs for the reminder of the year and will allow the Finance Ministry to issue more

10.31.2012

Andreas Treichl, head of Erste, will pay special bonus if management of Romania’s largest bank BCR is successful in restructuring the bank. more

10.30.2012

Austria's Erste Group Bank AG (EBS.RO) Tuesday said it has swung to a net profit of EUR597.3 million in the first nine months, versus losses a year earlier, on fewer risk costs and stable operating more

10.29.2012

Romanians save 9% of their monthly income, similar to Austrians, Czechs and Germans, while, in nominal terms, the sums saved by the former are significantly lower due to wage gaps between countries, more

10.24.2012

Erste Group Bank (EBS.RO) kept unchanged its exposure to Romania this year, according to the Austrian lender’s chief financial officer Manfred Wimmer. more

10.19.2012

Romania will likely pay higher yields at its upcoming debt sales, as investors may be inclined to take advantage of Prime Minister’s Victor Ponta statement that the current budget doesn’t cover more

09.07.2012

Romania may launch another international tap bond issue by the end of 2012, after the Finance Ministry Tuesday raised EUR750 million from a 10-year euro-denominated bond issue maturing in June 2018, more

09.06.2012

Austria’s Erste Group Bank AG (EBS.RO) Thursday launched a buyout offer for a stake of 0.14% in Romanian lender BCR, which could bring its total holding in the local bank to 93.41%. more

07.31.2012

Austria's Erste Group Bank AG (EBS.RO) said Tuesday it will write down EUR210 million in goodwill on its Romanian unit BCR because of the latter’s disappointing first-half result. more

07.24.2012

Austria’s Erste Group Bank Tuesday cut by 22% to 15.2 lei (EUR3.27) a share its 12-month target price on Romanian power grid operator Transelectrica (TEL.RO) and raised its recommendation to buy more

07.17.2012

Erste Asset Management, the largest asset manager on the local market, sets out to raise 100 million lei (EUR22 million) by yearend for a money-market fund built to the new European standards. more

07.04.2012

Austrian Erste Group Bank AG (EBS.RO) Wednesday revised upward its forecast on Romania’s budget deficit to 4.2% of the gross domestic product in 2012, from 3.4% of GDP previously, saying it expects more

06.14.2012

Erste Asset Management, the asset manager of the BCR group, will merge its two largest funds, BCR Monetar and BCR Obligatiuni, into a giant fund with cumulated assets of 3.1 billion lei (around EUR700 more

06.12.2012

Oana Petrescu, former retail vice-president at lender BCR, joined consultancy firm Deloitte. She is now in charge of consulting for strategy and operations, human capital, technology and financial more

06.07.2012

The parent banks of three of the largest Romanian lenders, BCR, Raiffeisen and UniCredit Tiriac Bank, had their ratings downgraded by Moody’s on Wednesday, because their exposure to the region is more

06.05.2012

Austria’s Erste Group Bank AG (EBS.RO) Tuesday said it has increased its stake in Romanian lender Banca Comerciala Romana (BCR) to 93.27% from 93.04%, following a buyout offer to BCR minority more

05.15.2012

Continuing downward pressure on exports from the eurozone and a generally bleak international climate are likely to affect Romania’s economy in the second quarter, tilting the scales to the more

05.07.2012

Austria’s Erste has finished cleaning up its loan portfolio in Hungary but the process continues in Romania with BCR, where the group plans to raise the degree of coverage of non-performing loans more

05.02.2012

The Romanian central bank is likely to keep its key rate unchanged at 5.25% until 2013, after political uncertainly prompted the bank to interrupt its monetary policy easing, Austrian lender Erste more

04.30.2012

Austria's Erste Group Bank AG (EBS.RO) Monday said its net profit after minorities rose 7.8% on the year to EUR346.5 million in the first quarter, largely fueled by a one-time income of EUR250.6 more

04.27.2012

Romania will continue the agreement with the International Monetary Fund and the European Union, because is has few alternatives in the context of the new European fiscal pact, Erste Group said more

04.27.2012

A government headed by Social-Democrat Victor Ponta could be a better alternative for Romania’s long-term political stability than a technocrat government, Austria’s Erste Group Bank AG (EBS.RO) more