Banks-Insurance
Moody's Cuts BRD's Ratings Following SocGen's Downgrade
Moody's Investors Service has taken rating actions on five subsidiaries of Societe Generale (SocGen), including Romania's second-largest lender BRD-Groupe Societe Generale (BRD.RO), followin...
Former Orange Romania CEO Appointed To Board Of International Personal Finance
Former Orange Romania CEO Richard Moat has been appointed to the board of International Personal Finance, the parent company of Provident Financial Romania, as a non-executive director.
Hidroelectrica To Register Negative Cash Flow In 2012
Romanian state-owned hydropower producer Hidroelectrica, that entered insolvency last week, forecasts a negative cash flow of 1.4 billion lei (EUR310 million) for the whole of 2012, accordin...
Leu Ends Higher Vs Euro In Quiet Market
Romania’s leu strengthened modestly against the euro in a quiet session Monday and closed at 4.465/4.469 units, amid low volumes.
Hidroelectrica Will Pay Loan Instalments - Legal Administrator
Romanian hydropower producer Hidroelectrica can pay its debts towards the banks, although the state-owned company has started insolvency proceedings, the company's legal administrator told M...
Analysts: Romania Central Bank To Keep Key Rate Unchanged Wednesday
The Romanian central bank is likely to leave its key rate unchanged at a historic low of 5.25% for a second straight time at its monetary policy meeting due June 27, banking analysts said Mo...
WB: Romania Must Consider Local Problems, Competitiveness When Asking For EU Funds In 2014-2020
Romania needs to consider local problems and its economy's low competitiveness when it applies for funds in the 2014-2020 EU financial period, said Arabela Aprahamian, World Bank country man...
BNR Injects Record RON13.8B Into Market
Romania's central bank Monday added a record 13.85 billion lei (EUR3.1 billion) to the market in a one-week repurchase agreement operation at an interest rate of 5.25% a year, equal to the m...
Bostina Consulting Group Spins Off Financial Consultancy, Focuses On Legal Services
Romanian Bostina Consulting Group on Monday announced it will discard its units that provide fiscal consultancy and assistance for European Union funding, with a plan to focus on legal assis...