Banks-Insurance
Leu Weakens Vs Euro, Exchange Rate At 4.4655 Units
The Romanian leu stayed down versus the euro in mid-trade Friday, and the central bank set the reference rate at 4.4655 units, slightly weaker than 4.4635 units in the previous day.
Romania Plans To Reopen 2018 Eurobond
Romania's Finance Ministry plans to reopen this year a ten-year Eurobond maturing in 2018, through which it attracted EUR750 million in July 2008.
Leu Falls Vs Euro, Tests 4.47 Mark
The Romanian leu weakened against the euro in early trade Friday, in a relatively quiet market, but dealers said the central bank might step into the market to prevent a further depreciation...
ZF Bankers Summit Conclusion: Get Used To The Crisis And Reorganize Your Business
Tensions and volatility on the banking market will persist for a while longer considering the exit from the crisis will not occur yet and lenders will have to change strategies, cut costs an...
Antibiotice Takes EUR11.3M Credit Line For Working Capital
Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) took two credit lines of EUR9.5 million and 8 million lei (EUR1.8 million) to finance its working capital, the company said in a statem...
Leu Closes Slightly Down Vs Euro, In Quiet Market
The Romanian leu closed around 4.46 against the euro Thursday, losing slightly from a day before, in a quiet market and amid very low traded volumes.
Romania Sells RON94M 4-Year Bonds At 6.28% Average Yield
Romania’s Finance Ministry on Thursday sold 94 million lei (EUR21 million) in four-year bonds, less than a quarter of the planned amount, at an average yield of 6.28% a year, central bank da...
Casal, McKinsey: Romania Would Be Better Off With Its Own Banking Model
A banking model promoting services adapted to the local market will suit Romania better than other models which proved efficient elsewhere, Christian Casal, banking specialist at McKinsey sa...
Euroins Romania's 1Q Premiums Double To RON114M
Euroins Romania on Thursday reported underwritten premiums of 114.14 million lei (EUR25.57 million) in the first three months of the year, up 108% compared with the first quarter of 2011.