Dropping net profit for Bancpost in Q1


Bancpost, part of Greek group Eurobank, ended the fist three months of this year with a net profit of RON 19 million, according to press release, down from the result of RON 25.2 million in the same period last year. ...

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Garanti Bank estimates Romania’s GDP will increase to 3.7 pc this year


Garanti Bank, the subsidiary of Turkish Garanti Group in Romania, estimates a robust growth of Gross Domestic Product (GDP) this year, of 3.7 percent, due to buoyant consumption, according to the latest Quarterly Macroeconomic Report, corresponding to the first quarter ...

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OTP Bank Romania gets EUR 25 M from EIB to support SMEs

otp bank romania

The European Investment Bank (EIB) is providing OTP Bank Romania a EUR 25 million financing line designed to support small and medium-sized companies and public entities and to facilitate youth employment in all sectors, a press release informs. The loans ...

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Romania’s GDP growth will accelerate to 4 pc this year. WB recommends to avoid reentering the excessive deficit


Romania’s growth is expected to remain above potential in 2016 and 2017, supported by the expansionary fiscal policy and improvements in the labor market. The fiscal relaxation measures implemented in 2016, coupled with the wage increases in the public sector, ...

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Local business environment in Romania to be assessed by WB


The World Bank (WB) Group, together with the Romanian Ministry of Regional Development and Public Administration and the Ministry of Economy and Commerce, commenced a study that will assess the Romanian business regulatory environment and its impact on local entrepreneurs ...

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The number of debtors with Swiss francs loans, down by 20 pc last year

Number of persons taking loans in Swiss francs (CHF) from banks declined last year by 20 percent to 60,429 from about 75,000 at end-2014, National Bank of Romania (BNR) data show. At the same time, the balance of loans decreased ...

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