Banks-Insurance
BNR Adds RON13.6B To Money Market
Romania's central bank Monday injected 13.64 billion lei (EUR3 billion) into the market in a one-week repurchase agreement operation at an interest rate of 5.25% a year, equal to the monetar...
Only A Handful Of Insurers Still Making Profit
Large insurers have fully felt the impact on the crisis over the last few years and many of them posted two-digit decline of revenue and lost market share to smaller players or to those that...
Romanian Businesspeople Expect The Leu's Depreciation To Bring Higher Prices, Lower Consumption
The Romanian leu's depreciation will raise the prices of imported products like food and clothing, as well as the cost of trips abroad, driving consumption down and possibly resulting in lay...
Romania Fails To Draw EUR1.1M From EIB In Time
Romania will lose over EUR1.1 million from loans agreed with European Investment Bank EIB, over public authorities failure to draw the money by August 31, 2011 deadline, according to a Gover...
Political Instability May Cost Romania EUR1 Million A Day Because Of Higher Interest Rates
The persistence of political turmoil affects Romania’s perception by foreign investors and may lead to higher borrowing costs, which in turn will have a significant impact on the spending on...
Fitch Affirms Oradea City At BBB-, Cites Good Economic Performance
Fitch Ratings Thursday affirmed its long-term foreign and local currency ratings on Romanian central city of Oradea at ‘BBB-’, with stable outlook, citing positive economic developments and...
Fitch Affirms Brasov City At ‘BBB-’; Outlook Stable
Fitch Ratings Thursday affirmed at ‘BBB-’ its long-term foreign and local currency ratings on Romanian central city of Brasov, with stable outlook, citing steady budgetary performance and co...
Romania Sells RON286M 2-Year Bonds; Yield Rises To 6%
Romania’s Finance Ministry raised only 286.2 million lei (EUR63.88 million) at a two-year bond sale Thursday, below the planned amount, as political uncertainties following a government acti...
KPMG: Romania’s EU Fund Absorption Rate Alarming
Romania’s European fund absorption rate is alarming as the country has contracted a little over 60% of the sum allotted by the EU for the 2007-2013 interval and refunded less than 15% to ben...