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Tag Archives: banking sector

EBRD, IFC officially complain about Romanian Gov’t plans on planned banking taxes

Two major international development banks, the European Bank for Reconstruction and Development and the International Finance Corporation (part of the World Bank), have officially complained to the Romanian Government about proposed new banking sector taxes, Reuters reports in an exclusive ...

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Good economic perspectives for 2019, but conditioned by political and legislative stability, says Johan Meyer, Fondul Proprietatea

Following record growth and significant acceleration in the last couple of years, Romania’s economy is currently set for a rather uncertain future, says Johan Meyer, CEO Franklin Templeton Investments Bucharest Branch and Portfolio Manager of Fondul Proprietatea, in an analysis ...

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Study presented in Brussels: Competition Council has brought benefits of over EUR 1 bn in 20 years

The Competition Council has brought to the Romanian economy benefits of over EUR 1 billion in 20 years, since it was established. Thanks to the fines with which the institution sanctioned the companies that disregarded the rules of competition, Romanians ...

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Find out the Top 3 categories of this year’s Business Superbrands in Romania …

According to the research and the votes of 30 experts which comprise the jury of the Business Superbrands Romania, project unfolded by BDR Associates, IT&C, Consultancy and Banking Sector are the ’stars’ of this year’s edition, as a press release ...

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Fitch expects a marginal improvement in terms of profitability in Romanian banking sector

The banking sector outlooks in central and eastern Europe (CEE) in 2018 are stable, “Fitch 2018 Outlook: CEE Banks” shows. Solid economic momentum and wage growth, low unemployment, acceleration in EU fund disbursements and a growth upswing among eurozone trading ...

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Banks have relaxed mortgage lending standards, tightening those for consumption

The credit institutions have relaxed the lending standards in the third quarter of this year for mortgage loans and tightened those for consumption, National Bank of Romania (BNR) report reads. ”The monetary policy or prudential policy decisions of the National ...

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Wages in private sector increased on average by 5.1 pc in 2017

Salaries in the private sector rose by an average of 5.1 percent this year, according to the PayWell Romania study, conducted by PwC Romania, on a sample of about 100 private companies in the financial-banking, pharmaceutical, industrial, retail and hospitality ...

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S&P says Romania’s outlook is stable at ‘BBB-/A-3’, external debt is likely to increase

Standard & Poor’s (S&P) affirms Romania’s rating at BBB-/A-3, with a stable outlook, warning about country’s budget and trade deficits widening. ”The stable outlook reflects our expectation that while Romania’s twin deficits will widen as a result of the Government’s procyclical ...

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