November 12 (SeeNews) - Following are some of the main stories in the online versions of Romanian media on Thursday morning. SeeNews has not verified these reports and cannot vouch for their accuracy.
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- Austrian banking group Erste has transferred the 69.3% stake it holds in Romania’s largest bank in terms of assets, BCR, to Austria-based EGB Ceps Holding GmbH, a limited liability company recently set up by Erste. The move's goal is organisational optimization and it changes in no way the Romanian bank's current management structure and strategy, an Erste Group spokesman Ionut Stanimir said.
- Romanian aircraft equipment maker Aeroteh reported a 87% jump in its nine-month net profit to 1.9 million lei ($661,000/442,000 euro). Its turnover nearly doubled to 15.8 million lei over the same period.
- Management company Aviva Investors awaits the green light from Romanian capital market regulator CNVM to launch the first real estate investment fund on the local market.
- Romanian life insurer ING Asigurari de Viata doubled its nine-month gross profit to 75.5 million lei, while its gross written premiums fell by 9.0% to 387.5 million lei.
- Romania should halt the privatisation of major energy companies, including gas transmission firm Transgaz, gas producer Romgaz, power grid operator Transelectrica, and some hydropower plants, Tudor Serban, state secretary at the Economy Ministry, said.
- The main challenge for Romanian banks is to offer long-term loans in the local currency, the leu, because it is unhealthy for households and companies to take foreign currency-denominated loans while their income is in lei, an official from the European Bank for Reconstruction and Development said.
- Romanian discount retailer Plus will open three outlets in November in the towns of Buftea, Ocna Mures and Brasov.
- Romanian company Apolodor will build the road bridge of the Danube-Black Sea canal, a 2.0 million euro ($3.0 million) project, the Transport Ministry announced. The road bridge will be 540-metre long and will cost 19.4 million euro.
(1 euro = 4.298 Romanian lei)