Banks-Insurance
Government Expects Making VAT Due On Invoice Payment To Boost GDP By 0.5%
Romania's Government estimates that making VAT due on invoice payment starting January 1, 2013 will increase the GDP by about 0.5%, as well as improve employment and the public's income.
Leu Closes Modestly Higher Vs Euro On Rising FX Demand
Romania’s leu lost part of its earlier gains versus the euro in late trade Thursday, but closed slightly stronger on the day at 4.485/4.489 units, amid growing demand for foreign currency fr...
Romania Rejects All Bids In 4-Year Bonds Sale
Romanian Finance Ministry rejected all bids at a 200 million lei (EUR44.6 million) four-year bonds auction Thursday, citing high yields.
Government Pledges To Hold Steady Against Pressure To Relax Fiscal Discipline
Romania’s Government pledged to resist pressure to relax fiscal discipline ahead of parliamentary elections to be organized this fall, as well as to ensure strict discipline of local governm...
Bucharest Residential Building Verdi Park Auctioned Off For EUR4M
Bucharest-based luxurious real estate compound Verdi Park, under bankruptcy, will be auctioned off by its liquidator September 10, at a starting price of EUR4 million.
Liquidity Shortage Drives Romania Interbank Rates Over 9%
Overnight interest rates on Romanian leu-denominated deposits rose to 9.25% in the interbank market Thursday, from 4.8% a day earlier, amid liquidity shortage.
VIG Underwritten Gross Premiums In Romania Fell 14% In 1H To EUR235M
Vienna Insurance Group (VIG) said Thursday it underwrote gross premiums of EUR235.7 million in Romania in the first half of the year, down 14% from EUR275.8 million in the same interval a ye...
Leu Gains Vs Euro, Exchange Rate At 4.487
Romania’s leu edged higher against the euro by midday Thursday and the exchange rate strengthened for a second straight day to 4.487 units, from 4.4885 units in the previous session.
Romanian Gas, Electricity Companies To Pay New Tax On Revenue As Of 2013
Romania’s planned tax on extraordinary revenues in the natural gas and electricity market will be implemented as of January 2013, according to the country’s latest memorandum of economic and...