Banks-Insurance
CSSPP Authorizes First Stage Of Viva, Alico Fund Merger
Romania's private pension system regulator CSSPP last week authorized the first stage of the merger between pension funds Pensia Viva, managed by Aviva Pensii, and Alico, managed by Alico Pe...
Leu Slips Vs Euro Amid Rising FX Demand
Romania’s leu retreated against the euro Monday, pushed down by foreign currency sales, closing 0.5% weaker on the day at 4.488/4.49 units.
Romania Sells RON931M 8-Month Bills At 6.1% Average Yield
Romania’s Finance Ministry on Monday sold 931.1 million lei (EUR207 million) in eight-month treasury bills at an average yield of 6.11% a year, slightly higher than at the previous auction.
BNR: Romania Forex Reserves Down To EUR30.9B In August
Romanian foreign exchange reserves fell to EUR30.95 billion in August, from EUR32.14 billion a month earlier, central bank data showed Monday.
Romania Might Get More Than EUR40B From EU For 2014-2020
Romania may be allotted between EUR40 billion and EUR47 billion by the European Union for the 2014-2020 period, said Razvan Cotovelea, state secretary in the Ministry of European Affairs.
BNR Pumps RON13B Into Market
Romania's central bank (BNR) Monday added 12.96 billion lei (EUR2.8 billion) to the money market in a one-week repurchase agreement operation, after four consecutive repos at which the bank...
Survey: Romanian Employees Under More Stress Because Of Financial Situation
Romanian employees are under more and more stress, the majority (63%) citing their personal financial situation as the cause, says a study by office supplier Regus.
Leu Widens Losses Vs Euro, Exchange Rate At 4.4898
Romania’s leu extended earlier losses against the euro by midday Monday and the exchange rate weakened 0.7% to 4.4898 units, from 4.4595 units in the previous session.
Power Connection In Romania May Take Up To 223 Days, Only 130 Days In Bulgaria
In Romania, in order to connect to the electricity distribution system, an entrepreneur with a warehouse located in Bucharest has to wait 223 days, according to the World Bank's survey on ho...