Banks-Insurance
EU Funds Absorption Disaster: Only EUR3.8M Attracted In August
Romania’s EU funds absorption rate in August was close to zero after in July the local authorities had suspended sending to Brussels the refund requests for projects that were supposed to be...
Finance Ministry To Approve Eximbank’s Board Next Week - Sources
Romania’s Finance Ministry will decide next week whether it changes the present management Board of the state-run lender EximBank, named early 2009, sources close to the issue said Monday.
Romania’s Ultra Rich Class Includes 125 People - Survey
Romania’s ultra wealthy population, with income of $30 million and above, remained unchanged at 125 people between August 2011 and July 2012, while the value of their cumulated wealth droppe...
Leu Firms Vs Euro On Higher FX Sales
Romania’s leu extended its earlier advance against the euro in late trade Monday, amid growing euro sales, and closed 0.3% stronger on the day at 4.487/4.49 units.
EximBank Plans Network Expansion
Romania’s state-run lender EximBank targets to expand its network by nine agencies in the next four years and double the size of its client portfolio, EximBank president Ionut Costea said in...
Romania Sells RON978M 1-Year T-Bills; Yield Falls To 5.95%
Romania’s Finance Ministry on Monday sold 978.4 million lei (EUR217.5 million) in one-year treasury bills, above the planned amount, as the average yield fell to 5.95% a year, from over 6% a...
Leu Up Vs Euro, Exchange Rate At 4.4975
Romania’s leu advanced modestly against the euro by midday Monday and the exchange rate strengthened to 4.4975 units, from 4.5042 units in the previous session.
BNR Pumps RON9B Into Market
Romania's central bank Monday added 8.89 billion lei (EUR1.9 billion) to the money market via a one-week repurchase agreement operation, at an interest rate of 5.25% a year, equal to the mon...
Leu Stable Vs Euro In Early Trade, On Low Volumes
The Romanian leu was stable against the euro in early trade Monday, in a quiet market and amid extremely low traded volumes.