Erste, Raiffeisen Banks react following Austria’s blocking Romania’s Schengen accession

After Romania and Bulgaria missed out on joining the Schengen Area, following opposition from Austria and the Netherlands and several Romanian businessmen and citizens made a call on boycotting Austrian-based companies operating in Romania, two of the largest Austrian investors in Romania, Erste Group-BCR and Raiffeisen Bank took stand.   “There are no second-tier member states. We regret the ...

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