BCR’s Q1 net profit slumps


Austrian Erste Group’s Romanian subsidy Banca Comerciala Romana (BCR) had a decline of 26.4 per cent in net profit in the first quarter of this year, according to company data released today (Fri).Net profit amounted to 58.7 million Euros, down by around 26.4 per cent compared to the first quarter of 2009.The reason was much […]

Own staff commit vast number of business crimes, say experts


The overwhelming majority of business crimes are carried out by firms’ own employees, it has been disclosed.KPMG Forensic-Team Senior Manager Dieter Stangl-Krieder said at a business event in Vienna last night (Tues) research has shown that own staff was responsible for almost 90 per cent of felonies like accounting fraud, embezzlement and money laundering at […]