Banks-Insurance
Number Of Counterfeit Bills Doubled Last Year To Four In A Million
Four in one million bank bills are forged in Romania, half as many as in Europe, where the likelihood of coming across a fake bill is 8-9 out of one million bills in circulation.
Moody's Downgrades Transelectrica To Non-Investment Grade
Moody's Investor Service has downgraded the long-term corporate family rating of Romanian power transmission company Transelectrica from Baa3 to Ba1, the first non-investment grade, and assi...
Romanian FinMin: Leu Weakens On Eurozone Turmoil, Not Political Unrest
The Romanian leu’s depreciation against the euro is influenced by external factors rather than the political tensions at home, Finance Minister Florin Georgescu said Wednesday, adding that t...
Leu Ends Down Vs Euro In Choppy Trade
Romania’s leu closed 0.5% lower on the day at 4.4735/4.4755 per euro after a nervous session amid growing tensions following the startof Parliament proceedings for President Traian Basescu's...
Georgescu: Romania To Revise 2012 Budget End-July
Romania's Finance Minister Florin Georgescu Wednesday said the government plans a first revision of the 2012 state budget at the end of July to incorporate an 8% salary increase in the publi...
UniCredit Tiriac Bank Appoints New Head Of Retail Division
Maurizio Volcich will take over as head of UniCredit Tiriac Bank's retail division, replacing Emanuele Butta, who has been appointed head of retail and executive vice-president of UniCredit...
Erste Raises Forecast For Romania 2012 Deficit, Warns Of Political Instability
Austrian Erste Group Bank AG (EBS.RO) Wednesday revised upward its forecast on Romania’s budget deficit to 4.2% of the gross domestic product in 2012, from 3.4% of GDP previously, saying it...
Leu Falls To Record Low Of 4.4715 Vs Euro On Political Tensions
Romania’s leu weakened against the euro by midday Wednesday and the central bank’s reference hit an all-time low of 4.4715 units, amid growing tensions after the ruling coalition announced i...
IMF: Political Pressures In Romania Will Be Strong Over Coming Months
The International Monetary Fund expects political pressures for relaxing fiscal consolidation and structural reforms to intensify despite the new government strongly affirming its commitment...