Erste Group

The first forecast regarding the GDP growth, released by Banca Transilvania (BT) considers a 2.8% increase in 2019, a report issued on Thursday reads. In turn, Erste Group Research (EGR) expects an economic growth of almost 3%, down from…

The difficult fiscal situation, lower economic growth and the deepening of external deficits will depreciate the national current against the EUR next year to almost 4.8 units, Erste Group warns. “The occasional episodes of aversion to…

Romanian economy grew by 4%, as gross series, in the first quarter and by 4.2%, as seasonally adjusted series, against the similar period last year, estimates released by the National Statistics Institute (INS) inform. The GDP in Q1 2018…

Michel Beitz, Chief Risk Officer and Chief Workout Officer at BCR between 2010 – 2014, returns to BCR to assume Chief Risk Officer (CRO) responsibilities, starting with January 1st 2018, as a press release informs. This comes after the…

The amount of money that people are putting aside on a monthly basis either into savings or investments has risen in all of the six CEE markets covered in Erste Group’s Money Matters study (the Czech Republic, Slovakia, Hungary, Romania,…

The Bucharest Stock Exchange (BVB) has failed this year again to get promoted to the status of emerging market. BVB has failed to receive the certification of emerging market at the latest assessment decision of FTSE Russell agency, missing…

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Banca Comerciala Romana S.A. (BCR) and BRD-Groupe Societe Generale S.A. (BRD) at 'BBB+', UniCredit Bank S.A. (UCBRO) at 'BBB-' and Banca Transilvania S.A. (BT) at…

Austrian Erste Group sees a growth of 5.1 percent in Romania this year, very close to Government estimates, and 3.9 percent in 2018, compared to 4.3 percent and respectively 2.8 percent previously. The revaluation comes after the good…

The national currency will depreciate gradually in the coming quarters, influenced by internal factors such as the increase of the current account deficit and fiscal uncertainties, but the main impact will come from external developments,…

The economists of BCR, the largest bank in Romania, expect the inflation bounce-back in 2017, pushed by fiscal and budgetary policies of the new Executive. PSD-ALDE government has established with cuts and exemptions from taxes and…