News

Negritoiu, ING: Brokerage Closure Has Nothing To Do With The Bank’s Development, Growth Is Still The Plan

Dutch ING will pursue expansion of its commercial bank structure, despite giving up brokerage on the Romanian capital market. ING is pursuing the same trend on the Romanian market as at group level – a return to basic services – and, apart from its stock exchange brokerage, is also giving up leasing, while factoring will […]

Volksbank To Sell Romanian Business, Other Non-Core Units By 2017

Austrian lender Volksbank AG will sell its Romanian business and several other non-core units by 2017, according to the bank’s reorganization strategy approved by the European Commission on Wednesday. Under the newly authorized restructuring plan, the Austrian bank must dispose of its holdings in Raiffeisen Zentralbank, Volksbank Romania, Volksbank Leasing International, Volksbank Malta and Investkredit […]

Romania’s Financing Costs Fall As World Markets Are Flooded With Liquidity

The quantitative easing measures announced by the major central banks in the world had positive effects on the financial markets in September, Romania included. The third round of quantitative easing announced by the Federal Reserve and the European Central Bank (ECB) has brought financing costs down, i.e. caused a decline in CDS levels (the cost […]

Chinese ReneSola Buys Photovoltaic Park In Romania

Chinese ReneSola, the world’s largest photovoltaic manufacturer, entered the Romanian market through the acquisition of a photovoltaic park, after it bought the entire stake in local company Lucas Est. ReneSola’s consultant in this deal was law firm Wolf Theiss. “Wolf Theiss currently grants consultancy to ReneSola group in several due diligence investigations and acquisitions on […]

Romania with 11 companies at ecological product fair Biofach America 2012

Romania will participate with 11 companies in one of the largest fairs of ecological agriculture in America, Biofach America, an event that will be held on September 20-23, 2012 in Baltimore, US, according to the data supplied by the Bio-Romania Association of Operators in Agriculture. ‘Romania will participate for the second time with a national […]