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Romania
Banking in CESEE: Risk Provisions to Decline
Analysts of Austrian Erste Group expect the Eurozone and the countries of Central and Eastern Europe to recover. The banking sector participates in the economic upwsing.
September 20, 2013
Romania Is Recovering According to PM
Romanian Prime Minister Victor Ponta presented the key issues on the new agreement with the EU Commission, the International Monetary Fund (IMF) and the World Bank to the parliament on Tuesday.
September 19, 2013
Romania: Real Estate Sector in Difficulties
In the first eight months of 2013, property prices were down by 7%.
September 18, 2013
Romania: BBB-Rating for State Bonds
Fitch Ratings has assigned Romania's EUR1.5bn bond a 'BBB-' rating
September 18, 2013
CESEE Banking: Funding Improves
Regarding the stability of the banking system in the CESEE region, there are still substantial differences between the countries.
September 18, 2013
Romania: Austrian Investors Demand Transparency
In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.
September 17, 2013
Romania: Massive Decline in FDI
Non-residents’ direct investment in Romania down 28.9 percent.
September 12, 2013
Romania: Construction Industry to Grow by 1.9 Percent
The growth rate in the construction industry is even higher than economic growth in real terms.
September 12, 2013
Romania: Chinese Investors to Support Infrastructure Projects with € 3bn
According to the Romanian Infrastructure and Foreign Investments Department (DPIIS), investors from China will support the construction of new highways and electricity generating power plants in the amount of more than € 3bn.
September 11, 2013
Romania: West Region to Catch Up Economically
Romania's West Region aims to catch up with its more developed peers in the European Union.
September 9, 2013
Romania: Industrial Sales Increased 4.7 Percent in 2013
Romania’s industrial sales increased 4.7 percent in the first seven months.
September 9, 2013
Romania: Economic Performance Better than Expected
In the second quarter, economic growth reached 1.5%, which is beyond the initial forecasts.
September 9, 2013
Romania to Issue New Bonds
Romania plans to generate at least € 1bn from a second bond issue.
September 6, 2013
Romania: Fourth Largest Economic Growth in Q2
Eurostat:Romania reports 4th largest Q2, 2013 economic growth in the EU
September 5, 2013
VBAG to Start Selling Process of Volksbank Malta Ltd.
The Austrian VBAG has started the selling process of its affiliate Volksbank Malta Ltd. (VB Malta).
September 5, 2013
Austrian Banks Register Growing NPL
The advisory group pwc has issued a new report on the asset quality of Austrian banks. In terms of asset quality, Hungary and Romania are performing worst.
September 5, 2013
Transport & Logistics - DB Schenker to Expand its Operations in Croatia
Simultaneously with the accession of Croatia into the EU, and thus the abolition of customs borders between Croatia and the EU countries, Schenker positions itself on that market as a potential logistics partner.
September 3, 2013 · Sponsored Content
Romania: Planning on Energy Sufficiency by 2018/19
Gas pipeline between Romania and Moldova is set to become operational this year.
August 30, 2013
VBAG: First Half Year with Losses of € 87m
Partly-nationalized VBAG made net losses in the amount of € 87m in the first half of 2013. In the first half year of 2012 high book profits caused profits to be slightly above zero.
August 29, 2013
Romania Claims Compensations for Nabucco
Romania claims EU compensation for abandoned Nabucco project.
August 29, 2013
Romania: Government Loans Declined 1.2 Percent
Romanian Government loans granted by credit institutions declined by 1.2 percent.
August 27, 2013
Bulgaria and Romania to Strenthen Relations
Bulgaria and Romania plan to strengthen relations at bilateral, regional and European level.
August 26, 2013
Romanians Not Satisfied with Wages
More than half of Romanian employees claim not to be paid enough for their work.
August 22, 2013
Ukraine Diversifies Sources of Reverse Gas Supply
Ukraine plans on soon opening two more routes through Romania and Slovakia.
August 22, 2013
Romania: Without Nabucco, Better Chances for Higher Pay-Out for Transgaz
This year's tariffs revisions are better suited to protect the company for the drop in gas consumption, thus RBI sees lower risk of unrealized revenues.
August 20, 2013
Romanian Real Estate Market to Stabilize
According to a study, the real estate market in Romania has stabilized again.
August 19, 2013
RBI´s CEO Sevelda: Drastic Losses in Hungary
Next week, Vienna-listed RBI (Raiffeisen Bank International) will present the results for the first half year of 2013. RBI will put effort into selective growth strategies.
August 17, 2013
Romania: GDP Slowed Down in Second Quarter 2013
Romania: GDP slowed down in Q2, as expected by RBI.
August 16, 2013
New Erste Group Loan Contributes to La Fantana Recapitalization
La Fantana, the leading bottler and distributor of water in Romania, announced it has successfully raised EUR 34mn in debt financing. La Fantana is controlled by private equity funds managed by Innova Capital.
August 13, 2013
Industrial Production Rose in Romania and Greece
In June 2013 compared with May 2013, seasonally adjusted industrial production grew by 0.7% in the euro area (EA17) and by 0.9% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union.
August 13, 2013
Romania: Positive Inflation Development
Inflation dynamics in Romania surprised on the positive side in July.
August 13, 2013
Romania: Significant Drop in Purchase Power
General consumption climate is unfavorable in Europe at the moment.
August 12, 2013
Romania: Significant Decrease in FDI
Non-residents’ direct investment in Romania estimated at EUR 666 million (as compared with EUR 826 million in January-June 2012).
August 12, 2013
Romania: Good Prospects for Economic Upturn
In Romania, the inflation forecast for 2013 and for 2014 has been lowered to 3.1 percent which is 0.1 percent less compared to previous figures.
August 9, 2013
Petrom: New Unit at Petrobrazi Refinery
OMV Petrom commissioned the new gas desulfurization and sulfur recovery unit at Petrobrazi.
August 8, 2013
Raiffeisen Bank International AG - SWOT Analysis & Company Report
This report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.
August 8, 2013
Romania: Another Major Privatization Ahead
Romania´s government intends to sell the publicly held share in the telecommunication group Romtelecom.
August 6, 2013
„CESEE Will Come Back“
Andreas Brandstetter, CEO of the Austrian insurance group Uniqa, thinks that Central and Eastern Europe will recover.
August 6, 2013
RBI Considers Withdrawing from Hungary
The Austrian banking group Raiffeisen Bank International wants to focus on other markets. Hungary and Slovenia are shrinking markets, CEO Karl Sevelda says.
August 6, 2013
Retail Trade: Sharp Decrease in Slovenia and Romania, Poland
Volume of retail trade down by 0.5% in euro area Down by 0.3% in EU27.Poland and Romania register strong growth rates.
August 5, 2013
Romania Initiates Structural Reforms
In order to receive a precautionary loan from the IMF, Romania´s government will implement a series of reform steps. Above all, Romania starts privatizations again. Romania´s economic outlook continues to brighten.
August 3, 2013
CESEE Remains Attractive for Austrian Investors
According to a survey, the region of CESEE is still attractive to Austrian investors. Particulary the bigger countries – Poland, Turkey and Russia – are becoming even more popular.
August 1, 2013
Romania’s Economic Recovery Expected to Strengthen.
Staff teams from the International Monetary Fund (IMF), the European Commission (EC), and the World Bank visited Bucharest Romania during July 17–31.
August 1, 2013
Romania: Drop of VAT on Bread and Baked Goods
Around 70 percent of Romanian bread and baked goods are sold on the black market. A drop in VAT is supposed to change that.
July 31, 2013
Trend: Service Industry Drifts to CESEE
Lower costs in the service sector in CESEE countries, particularly Romania, are compensated by higher expenditures in securing quality standards.
July 30, 2013
Romania: Privatization as a Potential Driver for Economy
Romania has to privatize more state-owned enterprises to become one of fastest emerging economies in the European Union.
July 29, 2013
OMV: Problems in Libya Slow Down Production
The total production of OMV in the second quarter of 2013 has decreased compared to the same period of time in the previous year and the first quarter of the current year.
July 24, 2013
Austria: Increased Demand in Romanian Exports
For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.
July 24, 2013
CESEE Countries Show More Fiscal Discipline
Euro area government debt up to 92.2% of GDP. EU27 debt up to 85.9%. The debt increase in Hungary, Poland, Bulgaria, Romania and the Baltic countries was very decent or even negative.
July 22, 2013
EU: Highest Inflation in Romania, lowest in Poland
Euro area annual inflation up to 1.6%. In the EU, the inflation was up to 1.7%
July 17, 2013
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