Banks-Insurance
Isarescu: Economy Might Grow Slower Than Expected, Data Call For Revised Outlook
Romania’s economy might grow at a slower pace than expected in 2012, central bank governor Mugur Isarescu said Thursday, adding that the indicators available so far would call for a revised...
Central Bank Holds Key Rate At 5.25%
Romania’s central bank kept its key rate unchanged at 5.25% for a third straight time Thursday, in line with expectations, as financial and economic woes in Europe, coupled with political te...
ING: BNR’s Forex Interventions At EUR1B In July
The Romanian central bank has injected a little over EUR1 billion in the money market in July to contain the leu’s depreciation against the euro, according to estimates of ING Bank Romania.
Leu Exchange Rate Seen Towards 4.6 Vs Euro By Yearend
The difficult time the leu has had over the last few weeks is not over yet despite expectations of stabilization after the vote on the referendum to impeach the president.
Transelectrica Takes New Loan To Finance Unit Upgrades
Romanian energy company Transelectrica (TEL.RO) Wednesday said it will borrow EUR42 million to finance upgrade works at its power stations.
Leu Ends Lower Vs Euro As Forex Demand Rises
Romania’s leu widened its earlier loss against the euro in late trade Wednesday, amid increased demand for foreign currency, and closed 0.2% weaker on the day at 4.59/4.604 to the European c...
UNIQA Asigurari's Portfolio Shrunk 8.6% In 2011, RCA Segment Down By Half
The portfolio of Romanian insurer UNIQA Asigurari included 551,244 contracts at the end of 2011, down 8.6% on 2010, as the number of auto civil liability policies (RCA) halved to 187,752.
Romania Forex Reserves Slightly Down To EUR32.1B In July
Romanian foreign exchange reserves fell slightly to EUR32.14 billion in July, from EUR32.96 billion a month earlier, central bank data showed Wednesday.
Leu Exchange Rate Weakens To 4.5885 Vs Euro
Romania’s leu traded near 4.59 per euro by midday Wednesday and the central bank’s reference weakened to 4.5885 units, from 4.5694 units a day earlier.