Business Review

The European Commission is working a new regulation package that would seriously dent the European business of ratings agencies, according to a draft that was obtained this week by the Financial Times Deutschland.  

Ovidiu Posirca

The operational leasing market is expected to grow by 20 percent this year, reaching a turnover of EUR 250 million, according to the Romanian Association of Operational Leasing Companies (ASLO).

Ovidiu Posirca

The representatives of Volksbank Romania are confident about Romania’s economic future and are expecting the flux of foreign investment to return in 2012. Last week, Volksbank, the 6th bank in Romania after assets value, launched its new branding campaign and a new line of banking services, making it more accessible for clients.

Ovidiu Posirca

Romania posted an inflation rate of 3.5 percent in September, according to Eurostat, the statistical office of the European Union. In the previous month, Romania's annual rate stood at 4.3 percent.  

Ovidiu Posirca

Countries in the CEE (Central and Eastern Europe), including Romania, are in better economic health to downsize the effects of a contagion from the Euro Area, compared to the post-Lehman shock of 2008, reveals a report issued by Erste Group.

Ovidiu Posirca

Erste Group has reached an agreement in principle with four of the five SIF minority shareholders in BCR. Therefore, Erste Group will acquire their 24.12 stake or 2.618.286.036 shares in BCR. The total value of the transaction amounts to EUR 435 million, in a combined share swap and cash deal.

Ovidiu Posirca

PAID, the insurance pool against natural disasters, has reported a number of 800.000 written premiums, in only one year, according to Adrian Marin, president of the National Union for Assurance and Reinsurance Companies (UNSAR).

Ovidiu Posirca

In the last few days, the representatives of two banking groups have announced capital increases for the Romanian operations.

Ovidiu Posirca

UniCredit Tiriac Bank has opened five new branches, two of which are located in Bucharest, two in Constanta and one in Bacau. With the new additions the bank’s network expands to 240 branches.

The IMF projects a positive outlook of the Romanian economy in 2012, according to the second review that an IMF team took following recent discussion with the Romanian authorities.

Ovidiu Posirca