Steven van Groningen

Raiffeisen Bank ended the first six months of this year with a net profit in a slight increase of 2 percent over the same period last year. According to a press release, in comparable terms, excluding non-recurring events, Raiffeisen Bank’s…

The Council of Banking Employers in Romania (CPBR) appointed Sergiu Manea, the Chief Executive Officer of Banca Comerciala Romana (BCR) as the new President of its Board of Directors, replacing Steven van Groningen, President and CEO of…

The American Chamber of Commerce in Romania (AmCham Romania) rejects the recent allegations reflected in the public media according to which multinational companies in Romania have supported the public protests in response the to the impact…

The effects of Great Britain exit from the European Union on Romania will be limited on short and medium term, but there will be consequences felt worldwide on long term, central bank Deputy Governor Bogdan Olteanu (photo) warns on Tuesday…

The evolution of the minimum wage in Romania should be linked to productivity, not set by law, and productivity depends on many issues such as infrastructure, the quality of workforce, investment and employment in the productive sectors,…

Raiffeisen Bank reports a net profit of EUR 98 million in 2015 on the domestic market, down by 13 percent compared to EUR 113 million in 2014, a result mainly influenced by a slight income decrease and one-off events of 2015, a press…

The Council of Banking Employers in Romania (CPBR), the employers’ organization of the country’s banking sector, approved its expansion to a total of seven banks by adding Bancpost SA as its newest member. The members of CPBR’s General…

The adoption of the Tax Code is a step forward in clarifying the tax regime applicable in Romania, but in relation to the Fiscal Procedure Code there are a number of issues to be clarified, said Thursday Daniel Anghel, Vice-president of the…

The conversion of Swiss francs loans into national currency as a result of an administrative action is not desired by the banks, being considered unnecessarily for all debtors. Also, the costs affect depositors. The banks have individual…

The good functioning of public institutions plays a key role in the performance and results of the private sector, Foreign Investors Council (FIC) showed in a roundtable event on Wednesday. FIC’s main message was that a better functioning…