03.21.2013

Erste Asset Management, Romania’s largest fund administrator, estimates its assets will exceed EUR1 billion by the end of June, general manager Dragos Neacsu said Thursday. more

03.11.2013

Austria’s Erste Group Bank AG (EBS.RO) Monday launched a buyout offer for a stake of 0.132% in Romanian lender BCR, which could bring its total holding in the local bank to 93.7%. more

02.28.2013

Austria’s Erste Group Bank AG (EBS.RO) has no plans to modify its restructuring program at the BCR unit in Romania and expects the lender will return to profit in 2013, helped by lower risk costs, more

02.28.2013

Austria’s Erste Group Bank (EBS.RO) Thursday reported a net profit after minorities of 483.5 million euro in 2012, versus a loss of EUR718.9 million in the previous year, as the group’s risk costs more

02.20.2013

Romania needs a “critical mass of engineers”, an economic-oriented educational system and more success stories like Dacia to catch up with its neighbors and converge to the EU economy, Erste more

02.20.2013

Dragos Neacsu, CEO of Erste Asset Management, the largest asset manager on the local market, warns over the shortage of corporate bond offers on the Romanian market, saying he finds it difficult to more

01.15.2013

Austria's Erste Group Bank AG (EBS.RO) said Tuesday it has written down EUR300 million mainly on goodwill associated with its Romanian unit BCR due to higher market risk premiums resulting in rising more

01.08.2013

Erste Group analysts see the Bucharest Stock Exchange having a rather good year in 2013. They expect growth of 10% to 15%, below the potential of the local stock market because of the low liquidity more

01.07.2013

What might be a real threat to Romania’s political stability in the next four years is a possible conflict between social democrats and liberals, who make up the ruling Social Liberal Union, and not more

01.06.2013

In the seven years since taking over lender Banca Comerciala Romana (BCR), Austria’s Erste has gained a lot of experience, but the bank it now controls is far from the plan it dreamed up in 2005. more

12.10.2012

The Romanian leu could weaken beyond the 4.6-unit threshold against the euro if a government is not formed soon, Austria’s Erste Group Bank AG said in a report Monday. more

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