Erste

The stock market started the day down 2%. All stock market indices had been down since the start of Monday's session, a day after the first round of the presidential election, in which George Simion won with 41% and entered the second round…

InterCapital Asset Management (ICAM), the largest independent asset manager in Croatia, has completed the first stage of a major strategic transaction: the carve-out of its ETF business, discretionary portfolio management, and the Genius…

Romania needs a new tax reform to avoid a junk rating, warns Erste, one of Europe's largest banks. A "junk" rating means the country is no longer recommended for investors. The paralyzed policy endangers the country's rating, the…

23 Romanian alumni, current and future C-level managers, entrepreneurs, have just graduated the Bucharest Executive MBA (EMBA) program of the WU Executive Academy, part of the Vienna University of Economics and Business, Europe’s largest…

Austrian Chancellor Sebastian Kurz has met Romanian President Klaus Iohannis and PM Viorica Dancila in Bucharest on Friday. His visit comes as Romania has symbolically taken over the Presidency of the EU Council on Friday. While in…

Banca Transilvania (BT) has overcome Banca Comerciala Romana (BCR) and has become the largest banking group in Romania by assets, but also the most profitable. The BT Group had, at the end of June, assets of RON 75.3 billion, up by 25%…

European Commission’s proposal for the new EU Multi-Annual Financial Framework (MFF) 2021-2027 could mean a significant cut of European funds for Eastern European states. According to Austrian financial group Erste, the impact for…

The central bank and top economists are waiting cautiously the first measures by the next government. Although the Social-democratic Party’s governing programme includes important tax cuts and wage increases, the economists warn a careful…

Moody's has today changed the outlook to positive from stable on Banca Comerciala Romana (BCR) Ba1 long-term local and foreign-currency deposit ratings. According to a press release, concurrently, the rating agency has affirmed the bank's…

The Supervisory Board of Erste Group Bank AG has extended on Wednesday Andreas Treichl’s term as President of the Board of directors of the Austrian group until mid 2020, a press release of the bank informs. Friedrich Rodler, Chairman of…