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
In September, the Romanian fund agreed to sell its 6% stake in BCR to Erste.
Following the transaction, Erste’s stake in BCR increased to 82%. (EUR1=RON4.3409)
Romania's SME loan guarantee fund estimates it will pay a total EUR31.8 million this year for loans issued by banks and not repaid, up 9% on the year, according to data presented Tuesday
The assets of local open-end investment funds inched up 0.1% in November, to 6.898 billion lei (EUR1.59 billion), and clients withdrew a total RON30.1 million (EUR6.9 million) from
The Romanian Economy Ministry will hire by March 31, 2012 advisers for the privatization of several units of power company Electrica SA, according to a couple of draft government decisions
Romania’s leu is bound to strengthened by 3% against the euro over the next few weeks as local lenders prepare to transition to international accounting standards and will be exchanging
Foreign realty investors contributed EUR120 million, in the first nine months of the year, to the share capitals of companies they own in Romania, compared to EUR395 million in the
Romanian telecom regulator ANCOM will hold, on March 6, an auction to purchase a system for the collection, processing and reporting of statistical data by operators, in a contract