Latest articles from Romania

TEASERTerrible timing thwarts Romania

Terrible timing thwarts Romania's path to economic development

December 3, 2012

Romania's entrance into the EU was met not with the domestic economic development many had predicted, but with a global recession, which sent the country's economy into decline and severely narrowed its banking sector's avenues of growth. Now, the country must overcome a series of challenges if it is to achieve the economic maturity it had envisaged.

Mugur Isarescu

Governor vows to maintain flexibility of Romania's central bank

December 3, 2012

Mugur Isarescu, the governor of the National Bank of Romania, discusses Romania's tumultuous economic past, the health of its financial sector and pathways to future growth.

Will listings of state-owned shares energise Bucharest market?

May 1, 2012

An ambitious privatisation programme could revitalise the Bucharest Stock Exchange, but there are still many hurdles in place preventing a boost in activity.

Recovery eludes Romanias banks

Recovery eludes Romania’s banks

May 1, 2012

With private sector credit growth negligible and non-performing loans still high, foreign-owned banks may need to rethink their strategies in Romania.

Bogdan Dragoi

Romania's hard road to fiscal adjustment

August 1, 2011

Hit hard during the financial crisis, the Romanian government was the first in the EU to successfully complete an International Monetary Fund loan programme, without even needing to draw the whole loan. Secretary of state for finance Bogdan Dragoi explains his government’s strategy.

Eastern Europe gives Asia a run for its money

February 16, 2011

Erste Group CEO Andreas Treichl is comfortable that his Austrian bank represents a call option on prospects in central and eastern Europe.


Bulgaria and Romania defy Eurozone woes

July 28, 2010

Greek banks control at least a fifth of the banking markets in Bulgaria and Romania but, despite this exposure to one of Europe's more troubled economies, bankers in the two countries believe there will still be a sufficient supply of credit to meet demand. Writer Philip Alexander

To the Balkans and Beyond

May 5, 2009

Over the past decade, Greece's leading banks have expanded into south-east Europe. To remain competitive, however, they will now need to weather the financial storm and continue to focus on increasing their presence in the Balkans and the rest of eastern Europe. Writer Kerin Hope

Positive prospects in play

May 5, 2008

BCR’s interim CEO is confident that the bank’s transformation will allow it to capitalise on the opportunities presented by one of Europe’s fastest-growing economies, he tells Philip Alexander.

Policy clash leaves economy vulnerable

July 2, 2007

In theory, joining the EU should force a country to adopt greater policy discipline. In practice, Romania’s muddy political waters and an appetite for spending are about to magnify its vulnerabilities, putting fiscal and monetary policy at odds, writes Adina Postelnicu.

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