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COMPANY NEWS

Millennium Bank clients get 8.75% annual interest rate for three-month RON deposit

30 08 2010
Millennium Bank clients benefit from top interest rates for three-month RON and EUR deposits. The bank offers 8.75% annual interest rate for three-month RON deposits opened by using Internet Banking service and 8.5% for those made in the branches. (...)

Romania’s car production could increase by 74.5% until 2014

24 08 2010
Romania's total car production could reach as many as 520,000 vehicles per year by 2014, according to the latest PricewaterhouseCoopers (PwC) Automotive Institute analysis. This would represent a 74.5% increase compared to the production level of the local automotive industry in 2009. Romania would thus be the third fastest growing market in terms of production capacity in Central and Eastern Europe, behind Ukraine (242% increase by 2014) and Russia (235%). (...)

Raiffeisen Bank Romania posts EUR 50 million net profit in H1

19 08 2010
Raiffeisen Bank posted a net profit of EUR 49.98 million for the first half of the year 2010, roughly in line with the profit it registered for the same period a year earlier, namely EUR 52.6 million • Operational profit stood at EUR 83.8 million, compared to EUR 106.2 million EUR in H1 2009 • Provisioning for loan loss impairments dropped to EUR 22.67 million, almost half of the EUR 43.79 million reported for the same period in 2009 • On a year-on-year basis, operational costs decreased by 3.7% in EUR equivalent (RON 4.4%), while staff expenses dropped by EUR 1% (RON 1.7%). (...)

NBR to cut minimum reserve requirements when market conditions appropriate

06 08 2010
Key messages sent by the central bank governor at the presentation of the quarterly Inflation Report: (...)

EUR 20 mn credit line to Millennium Bank Romania for on-lending to the real economy

05 08 2010
The EBRD is increasing the availability of financing to the real economy in Romania with a EUR 20 mn credit line to Millennium Bank Romania for on-lending to small and medium-sized enterprises (SMEs). (...)

BCR - 1H financial results

30 07 2010
Operating performance improved by 19.8% in a still difficult economic environment. (...)

Salans advises Continental AG on EUR 750 mn eurobond issue

20 07 2010
Salans Bucharest has advised German auto parts supplier Continental Aktiengesellschaft on the Romanian aspects of a euro-denominated bond issue with an aggregated value of 750 million EUR. (...)

PwC report: Almost 190 multinationals to emerge from Romania in 15 years

20 07 2010
189 new multinational companies will emerge out of Romania in the next 15 years, shows a recent PricewaterhouseCoopers LLP (PwC) report. (...)

Salans Advises Lufkin on State Aid Incentives

15 07 2010
Salans (www.salans.com) has advised Lufkin Industries Inc. (NASDAQ: LUFK; www.lufkin.com), the Texas-based integrated oilfield equipment producer and services provider, on state aid incentives worth EUR 28.1 mn for developing a greenfield manufacturing plant in Ploiesti, the company's first facility in Eastern Europe. (...)

PricewaterhouseCoopers Romania will move its Bucharest headquarters to the new Lakeview building

08 07 2010
Starting with the July 12th, PricewaterhouseCoopers Romania (PwC) will move its Bucharest headquarters into the new and state of the art Lakeview building. (...)




eurEUR=4.2616 gbpGBP=5.1129
usdUSD=3.3203 jpy100 JPY=0.03943
chfCHF=3.2821 cadCAD=3.1642
SECTORIAL ANALYSIS

COMPANY NEWS

Millennium Bank clients get 8.75% annual interest rate for three-month RON deposit

30 08 2010

Millennium Bank clients benefit from top interest rates for three-month RON and EUR deposits. The bank offers 8.75% annual interest rate for three-month RON deposits opened by using Internet Banking service and 8.5% for those made in the branches.
Romania’s car production could increase by 74.5% until 2014

24 08 2010

Romania's total car production could reach as many as 520,000 vehicles per year by 2014, according to the latest PricewaterhouseCoopers (PwC) Automotive Institute analysis. This would represent a 74.5% increase compared to the production level of the local automotive industry in 2009. Romania would thus be the third fastest growing market in terms of production capacity in Central and Eastern Europe, behind Ukraine (242% increase by 2014) and Russia (235%).
Raiffeisen Bank Romania posts EUR 50 million net profit in H1

19 08 2010

Raiffeisen Bank posted a net profit of EUR 49.98 million for the first half of the year 2010, roughly in line with the profit it registered for the same period a year earlier, namely EUR 52.6 million • Operational profit stood at EUR 83.8 million, compared to EUR 106.2 million EUR in H1 2009 • Provisioning for loan loss impairments dropped to EUR 22.67 million, almost half of the EUR 43.79 million reported for the same period in 2009 • On a year-on-year basis, operational costs decreased by 3.7% in EUR equivalent (RON 4.4%), while staff expenses dropped by EUR 1% (RON 1.7%).
NBR to cut minimum reserve requirements when market conditions appropriate

06 08 2010

Key messages sent by the central bank governor at the presentation of the quarterly Inflation Report:
EUR 20 mn credit line to Millennium Bank Romania for on-lending to the real economy

05 08 2010

The EBRD is increasing the availability of financing to the real economy in Romania with a EUR 20 mn credit line to Millennium Bank Romania for on-lending to small and medium-sized enterprises (SMEs).
BCR - 1H financial results

30 07 2010

Operating performance improved by 19.8% in a still difficult economic environment.
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