Business Review

The European Bank for Reconstruction and Development (EBRD) forecasts Romania's economy grew by 2.5 percent in 2011, but the first estimation on economic growth for this year stands at 0.8 percent.  In a report issued this week, the World Bank estimated a growth rate of 1.5 percent for 2012.

Ovidiu Posirca

Romania's economy is forecasted to grow by 1.5 percent of GDP this year, climbing to 3 percent next year, reveals the latest report on global economic prospects issued by the World Bank (WB). For 2011, the growth rate is estimated to have reached 2.2 percent. 

Ovidiu Posirca

Banker Lucian Anghel has been appointed the new president of the Bucharest Stock Exchange (BSE), replacing the most prominent figure on the local capital market, Stere Farmache. With several public offerings of state-owned enterprises in the pipeline, BR asks the experts if the new man can improve the performance of the stock exchange.

Ovidiu Posirca

The value of tax payments by card doubled to EUR 15.8 million (RON 69.4 million) in the first 11 months of 2011 versus the similar period of 2010, reveals data from Romanian banks that are members of Visa Europe.

Ovidiu Posirca

Robert Rekkers has been at the helm of Transilvania Bank (BT) for 9 years and will be replaced by Peter Franklin, starting February, for an interim mandate.

Ovidiu Posirca

Raiffeisen's bank and leasing units applied for two credit lines, worth EUR 50 million, from the European Investment Bank (EIB), to finance small and medium sized-enterprises (SMEs).

Ovidiu Posirca

The annual inflation rate dropped to 3.14 percent in December, from the 3.44 level recorded in the previous month, according to Agerpres newswire that quotes data from the Romanian National Statistics Institute (INS).

Ovidiu Posirca

The Romanian equity market remains the most attractive in the CEE, together with the stock market in Poland. The Turkish market is also rated positively by Erste analysts in the 2012 CEE Equity Strategy report.  

Ovidiu Posirca

Lucian Anghel, chief economist at BCR, has been voted by shareholders as the new president of the Bucharest Stock Exchange (BVB), notes Agerpres newswire. This vote came after shareholders revoked the Administration Board of the stock exchange.

Ovidiu Posirca

UniCredit Group has created a new company that will offer operational services and support for the retail network of the lender. The company is called UniCredit Business Integrated Solutions (UBIS) and will seek to reduce direct costs by 16 percent through to 2015.

Ovidiu Posirca