Banks-Insurance
Romania Lowers Nuclearelectrica IPO Task Book Price Seven Times
Romania’s industry privatization authority OPSPI has lowered the price on task books for the stock market listing of state-owned energy producer Nuclearelectrica seven times, after an auctio...
Only Four Out Of Top 10 Banks Kept Their Heads, BCR Nearly Lost Its CEO
After three years of crisis, the banking system is deeply affected by the absence of strong management able to speed up its restructuring and bring it back to healthy growth: BCR, the larges...
Isarescu: BNR Was Excessively Benevolent To Foreign-Held Banks
Romanian central bank governor Mugur Isarescu admitted on Tuesday that the central bank only saw the positive side of the lending boom during the years of high growth and had an “excessively...
Leu Closes Weaker Vs Euro, Exceeds 4.48 Units
Romania’s leu slightly depreciated in late trade Tuesday and closed at around 4.485 units, amid higher volumes.
ING Sees Leu At 4.65 Vs Euro By End-2012
ING revised its projection on Romanian leu's rate to 4.65 against the euro at the end of 2012, compared with 4.85 against the euro seen previously, citing an improved risk perception and mor...
Romania, World Bank Sign EUR1B Loan Agreement
Romania’s Finance Ministry and the World Bank signed Wednesday the EUR1 billion loan agreement between the Eastern European country and the International Bank for Reconstruction and Developm...
Foreign Direct Investment Falls To EUR907M In First Seven Months
Romanian foreign direct investment, or FDI, were down to EUR907 million in the first seven months, from EUR963 million in the same period of 2011, central bank data showed Tuesday.
BNR: Romania's Current Account Deficit Narrows To EUR2.4B In Jan-July
Romania's current account deficit narrowed to EUR2.44 billion in the first seven months of 2012, from EUR3.77 billion a year earlier, largely due to a lower gap of the incomes balance and a...
Leu Loses Ground, Exchange Rate At 4.4834 Vs Euro
The Romanian leu lost some ground in the first half of Tuesday session, and the central bank set the official exchange rate at 4.4834 per euro, about 0.1% weaker on the day.