Banks-Insurance
Leu Exchange Rate Flat At 4.4654 Vs Euro
Romania’s leu edged higher against the euro by midday Monday, while the central bank’s reference strengthened marginally to 4.4654 units, from 4.4655 units in the previous session.
Moody’s: Hidroelectrica Insolvency Filing Credit Negative For Romania
Romanian Hidrolectrica’s unexpected insolvency is creating negative pressure on sovereign credit ratings because the government might have to cover at least part of the debt owed by the stat...
Leu Strenghtens Vs Euro On Low Volumes
The Romanian leu rose slightly against the euro in early trade Monday, on reduced transferred volumes, with dealers expecting new interventions of the central bank in mid-trade.
EBRD Might Co-Finance UACE Investment In N Romania
The European Bank for Reconstruction and Development, or EBRD, is considering providing financing of up to EUR25 million to aluminum component manufacturer Universal Alloy Corporation Europe...
Capital Increases Of EUR380M For Banks, Insurers In First Four Months Of 2012
Foreign banks and insurers have contributed more than EUR380 million to the capital of their local subsidiaries since the beginning of this year to offset the losses caused by the sales decl...
Hidroelectrica Insolvency Case Reaches BNR
Hidroelectrica’s creditors and its court-appointed administrator are due to discuss the impact of the shocking insolvency of Romania’s most valuable state-run company at the central bank’s h...
IMF Board Approves Fifth Review Of Deal With Romania
The International Monetary Fund's Board on Friday approved the fifth review of the precautionary deal with Romania, and will make available a new EUR475 million tranche of the total EUR3.5 b...
Leu Weakens Vs Euro, Closes Above 4.47 Units
The Romanian leu closed weaker against the euro Friday, amid low traded volumes, with dealers suspecting an indirect intervention of the central bank to stop the leu go to farther from 4.47...
Radu Zaciu, Deutsche Bank's Rep In Romania, To Step Down On July 1
Radu Zaciu, the head of Deutsche Bank's office in Romania, will leave the position on July 1.