Banks-Insurance
Leu Closes Slightly Higher Vs Euro In Quiet Market
Romania’s leu advanced modestly against the euro in late trade Thursday, closing slightly higher on the day, amid low volumes.
Economy Ministry Appoints Special Administrator At Hidroelectrica
Romanian Economy Ministry Thursday appointed Remus Vulpescu, the head of its privatization division, as special administrator of insolvent energy producer Hidrolectrica.
Moody’s Downgrades Hidrolectrica By Two More Notches, Withdraws Ratings
Moody's Investors Service Thursday downgraded to Caa1 from B2 the long-term corporate family rating and probability of default rating of Romanian hydropower generator Hidroelectrica, followi...
Allianz-Tiriac Asigurari To Have New CEO As Of August. Rangam Bir Moves To Asia
Romanian insurer Allianz-Tiriac Asigurari will have a new CEO, Remi Vrignaud, starting in August, as the current manager, Rangam Bir, will join the Allianz group's regional management team i...
Leu Reverses Gains Vs Euro, Exchange Rate At 4.4508
Romania’s leu lost its early gains versus the euro by midday Thursday and the central bank’s reference weakened to 4.4508 units, from a five-week high of 4.4441 units a day earlier.
Leu Higher Vs Euro In Early Trade, On Low Volumes
The Romanian leu opened higher to the euro in early trade Thursday, on low traded volumes.
Bucharest Stocks Open Up, On Low Traded Values
The Bucharest stock exchange opened higher Thursday, amid low traded values.
BNR Turns Into Surrogate Parent For Foreign-Held Romanian Banks
For the first time ever, Romania’s central bank (BNR) says financing of foreign-held banks by their parent banks is uncertain and therefore finds it has to lend them money itself.
BNR Not Worried About Leu’s Recent Fall Vs Euro
Romania’s central bank is prepared to use all its available tools to parry potential speculative attacks against the leu if the national currency weakens too much, but its recent depreciatio...