Romania should accelerate its anti-corruption and judicial reform efforts, strengthen predictability for investors in the renewables sector and address the high level of non-performing loans (NPLs) in the banking sector, the European bank for Reconstruction and Development commented in its latest Transition Report.
The Bank admits that Romania has marked a certain progress since the past report but major problems have to be addressed and the challenges remain high.
Romania indeed has exited the EC excessive deficit procedure. Structural reforms progress remains, however, mixed. While the country marked a visible progress in structural reforms in the energy sector -- is also failed in the privatisation of two key companies – railway cargo company CFR Marfa and chemical plant Oltchim. Finally, important reforms have been enacted to strengthen the financial sector's stability.
But problems ahead for the government in Bucharest seem rather complex and requiring even more commitment:
The largest bank in Moldova, Moldova Agroind Bank (main), announced it is postponing its plan to list on the Bucharest Stock Exchange (BVB) because certain provisions in Moldovan legislation make the ... more
Banca Transilvania, the leading financial group in Romania by assets, has reportedly reached the stage of agreeing technical and legal details for the takeover of BRD Pensii division from BRD-SocGen, ... more
Romania’s largest financial group by assets, Banca Transilvania (BVB: TLV), announced that it had signed a contract ... more