Banks-Insurance
Leu Exchange Rate Hits 1-Month High Of 4.5307 Vs Euro
Romania’s leu traded near 4.53 per euro by midday Monday, while the exchange rate strengthened 0.2% to 4.5307 units, the highest level in one month.
Foreign Direct Investment Falls To EUR625M In First Six Months
Romanian foreign direct investment, or FDI, were down 28.9% on the year to EUR625 billion in the first half, central bank data showed Monday.
BNR: Romania's Current Account Deficit Down To EUR2.4B In First Half
Romania's current account deficit narrowed to EUR2.4 billion in the first half of 2012, from a gap of EUR3.4 billion a year earlier, largely due to a higher current transfer surplus, central...
Plants Worth Over EUR100M Put Up For Sale Following Insolvency
The financial crisis over the past three years has “brought down” many malls, housing projects and store chains, as well as tens of plants operating in the food, industrial and construction...
RCS&RDS Takes Up To EUR25M Loan From Citibank For Radio Spectrum Auction
RCS&RDS SA, one of the largest telecom operators in Romania, controlled by businessman Zoltan Teszari in Oradea, took out on August 9 a maximum EUR25 million loan from Citibank Romania, acco...
Finance Ministry Deems Negotiation With IMF Team Succesful
Romanian Finance Minister Florin Georgescu said Saturday the negotiation with International Monetary Fund, the European Commission and the World Bank for the sixth review of a EUR3.5 billion...
Fitch Affirms City Of Bucharest Ratings At BBB-
Fitch Ratings on Friday affirmed the Romanian City of Bucharest's long-term foreign currency rating at 'BBB-', the long-term local currency rating at 'BBB' and the short-term foreign currenc...
Leu Edges Higher, Closes Around 4.53 Vs Euro
Romania’s leu gained ground versus the euro in the second part of Friday trade and closed stronger on the day, at around 4.53 units, in an opposite trend with other currencies in the region.
IMF Rejects Romania's Plan To Lower VAT On Food, Introduce Progressive Taxation – Sources
The International Monetary Fund, the European Commission and the World Bank told the Romanian Parliament's committee for budget and finance that, for the time being, they do not agree with r...