ebrd

EBRD Revises Up Romania’s 2017 GDP Growth Forecast To 4%

The European Bank for Reconstruction and Development (EBRD) has raised by 0.3% its economic growth forecast for Romania, to 4% for 2017, according to EBRD’s latest Regional Economic Prospects report released on Wednesday.

EBRD: Romanian Public Sector Hiring Kept Unemployment Low

Unemployment remained low in Romania in 2008-2010, compared with the levels recorded in Central Europe and the Baltic states, mainly because unemployment was relatively low even before the crisis and the public sector absorbed a lot of personnel, says a report by the EBRD.

Most Romanians Are Dissatisfied With Quality Of Life – Survey

More than 80% of Romanians are dissatisfied with their quality of life, the largest share in the 34 European and Central Asian states included in the "Life in Transition" survey conducted by the European Bank for Reconstruction and Development (EBRD).

EBRD: Greece’s Troubles Unlikely To Send Romania Back Into Recession

Greece’s seemingly turn for the worse is unlikely to push Romanian economy into recession, said Peter Sanfey, lead economist at the European Bank for Reconstruction and Development.

EBRD Ups Romania GDP Forecast To +1.8% In 2011

The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.8% in 2011, from 1.1% previously, saying it expects harsh austerity measures implemented under a multilateral financial program will pay off.

EBRD Ups Romania GDP Forecast To +1.1% In 2011

The European Bank for Reconstruction and Development Monday revised upward its forecast for Romanian economic growth to 1.1% in 2011, from 0.9% previously, citing slightly improvements over recent months.

EBRD Ups Romania GDP Forecast To +1.1% In 2011

The European Bank for Reconstruction and Development Monday revised upward its forecast for Romanian economic growth to 1.1% in 2011, from 0.9% previously, citing slightly improvements over recent months.

EBRD Ups Romania GDP Forecast To -2% In 2010

The European Bank for Reconstruction and Development Thursday revised upward its forecast for Romanian economy to minus 2% in 2010, from a contraction of 3% previously estimated, citing slightly improvements over recent months.

EBRD Delegation Visits Romania For Consultation Meetings

A delegation of the European Bank for Reconstruction and Development's Board of Directors is visiting Romania between October 17 and October 19, as part of a regular series of consultations, the bank said in a statement Monday.

IMF To Revise Romania’s 2010 Economic Forecast

The International Monetary Fund is expected to revise its forecast on Romanian economic growth for 2010 shortly, a fund official said Monday, hinting that the revision will be more optimistic compared to a 3% contraction envisaged by the European Bank for Reconstruction and Development.

EBRD Cuts Romania GDP Forecast To -3% In 2010

The European Bank for Reconstruction and Development Thursday revised its forecast for Romanian economy to minus 3% in 2010, from zero growth previously, citing disappointing first-quarter figures and government-imposed austerity measures which are expected to add to consumption decline.

EBRD Lowers Romania’s 2010 Econ Growth Forecast To Zero From Previous 1.3%

The European Bank for Reconstruction and Development (EBRD) has lowered its forecast on Romania’s 2010 economic growth to zero from a previous forecast of 1.3%, citing limited internal demand expected after the country’s austere budget gap tightening measures.

EBRD 09/10 Investment In Romania Might Top EUR1B

The European Bank for Reconstruction and Development invested EUR721 million in Romanian projects last year, amounting to 70% of the EUR1 billion ceiling agreed with the local authorities, the International Monetary Fund and the EU, an EBRD official said Tuesday.

Romania’s Ambassador To Moldova Wants EBRD-Backed Romanian-Moldovan Investment Bank

Marius Lazurca, Romania’s new ambassador to the Republic of Moldova, said Tuesday during hearings in the Parliament’s foreign policy committees he wants the creation of a Romanian-Moldovan investment bank with the help of the European Bank for Reconstruction and Development (EBRD).

EBRD: Romanian Banks Should Give More Loans In Lei

Romanian lenders’ main challenge ahead is to offer long-term loans in Romanian lei, because is unhealthy for households and companies to be borrowing in foreign currency while their income is in lei, an official with the European Bank for Reconstruction and Development said Wednesday.

EBRD May Lend EUR27M To Sibiu City Hall For Infrastructure Upgrade

The European Bank for Reconstruction and Development may grant a loan of up to EUR27 million to the Sibiu municipality, central Romania, over the next two years, for a complex street rehabilitation program and construction of one small road bridge, EBRD said Monday.

EBRD Revises Up Romania GDP Growth Forecast At 1% In ‘10

The European Bank for Reconstruction and Development Thursday revised up its forecast on Romania’s economic growth next year to 1%, from a 0.4% advance previously estimated.

EBRD Lends EUR25M To Raiffesen Bank Romania

The European Bank for Reconstruction and Development on Wednesday said it will lend EUR25 million to Raiffeisen Bank Romania as part of a broader package worth EUR150 million to support Austrian group’s subsidiaries in the Eastern Europe.

Romanian Posta Romana To Get EUR50M Loan From EBRD Until End-Oct ’09 – Min

Romania’s state-owned postal company Posta Romana will get a EUR50 million loan from the European Bank for Reconstruction and Development (EBRD), until the end of October 2009, for investments in mail sorting centers in Bucharest and Cluj-Napoca, communications minister Gabriel Sandu said Sunday.

EBRD Signs EUR20.3M Financing Agreements With Romania’s Arad, Brasov Mayoralties

The European Bank for Reconstruction and Development (EBRD) concluded Saturday, in London, financing agreements worth a total EUR20.3 million with Arad and Brasov mayoralties, in western and central Romania, meant to refurbish local infrastructure.

EBRD Approves EUR300M Loan To Romania’s Petrom

The Board of the European Bank for Reconstruction and Development approved on March 24 a EUR300 million corporate senior unsecured loan to Romania’s largest vertically integrated oil company Petrom (SNP.RO), for environment investments, according to EBRD data.

EBRD May Grant Romania’s BCR An EUR100M Loan To Finance SMEs

The European Bank for Reconstruction and Development is considering a senior loan for up to EUR100 million to Romanian lender Banca Comerciala Romana (BCR) to be on-lent by BCR to small and medium enterprises in Romania, EBRD announced Monday.

EBRD Cuts Romania’s Growth Forecast From 3% To 1%

The European Bank for Reconstruction and Development, or EBRD, cut its 2009 growth forecast for Romania from 3% to 1%, for the second time in the last two months, the EBRD said Tuesday in a press statement.

EBRD Settles Pvt, Pwr, Infrastructure Fields As 3-Yr Priorities For Romania

European Bank for Reconstruction and Development, or EBRD, adopted new strategy for Romania, settling the priorities for the next three years in the private, electric power and infrastructure fields.

EBRD Worst Case Scenario Sees Romanian Population At 13M In 2050

Romania’s population might drop to 13.31 million inhabitants before 2050, according to a pessimistic scenario by the European Bank for Reconstruction and Development, or EBRD, which analyzes the demographic evolution in several states.

Romania, Second In European Top Of Transition Countries

Romania ranks second in the European top of transition countries in terms of increase in the prices of dwellings, with an annual average rate of 40% during 2004-2006, way above the nearly 6% increase in gross domestic product per capita, according to a report of the European Bank for Reconstruction and Development, or EBRD.