PRICEWATERHOUSECOOPERS in ROMANIA - 2 September 2010
Rising demand, constrained financial resources and existing bottlenecks in supply as well as the need for efficient demand management are challenges transport infrastructure operators will be facing in the next 20 years.
RAIFFEISEN BANK S.A. - 1 September 2010
Merger plans for Raiffeisen Bank International fully on track. RBI's pro forma consolidated profit at EUR 472 mn.
BANCA MILLENNIUM S.A. - 30 August 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.
PRICEWATERHOUSECOOPERS in ROMANIA - 24 August 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 S.A. - 19 August 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%).
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COMPANY NEWS
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Impairment accounting – the basics of IAS 36 Impairment of Assets
