Banks-Insurance
Hidroelectrica’s Insolvency May Raise Sovereign Risk Fears - Bancpost Official
The situation at hydropower producer Hidroelectrica may be regarded by foreign analysts as a warning that, since one of the largest state companies enters insolvency, Romania might witness m...
Orange Romania CEO: Demand Stabilizing On Telecom Market
Demand is stabilizing on the Romanian telecom market, sending a positive signal to the major operators, Orange Romania CEO Jean-Francois Fallacher said Wednesday in the conference ZF Bankers...
Economic Crisis Will Last For At Least Ten Years - RBS Romania CEO
The economic crisis most countries are currently facing will last for at least a decade, if one looks at similar situations in history, RBS Romania CEO Henk Paardekooper said Wednesday at th...
Bogza, Bancpost: 2011 Economic Growth Unable To Help Local Banks
The growth of Romania’s economy last year was unable to help the local banking system, Bancpost president Mihai Bogza said Wednesday at the ZF Bankers Summit12.
Leu Stable, Exchange Rate At 4.463 Vs Euro
The Romanian leu varied insignificantly in the first part of Wednesday's session, and the central bank set the exchange rate at 4.463 against the euro, little changed from 4.4626 against the...
Ghetea: Profitable Lenders In Romania Won’t Leave Market, Greek Banks Included
Foreign banks in Romania that are well positioned on the market and gained good profits, including Greek lenders, will not leave the country, CEC Bank president Radu Ghetea said Wednesday at...
E&Y: Romania, Sixth Most Attractive European Country For Foreign Investors
Romania is the sixth most attractive European country for foreign investments in the next three years, according to Ernst&Young’s 2012 European Attractiveness Survey report released Wednesda...
Leu Opens Slightly Higher Vs Euro, In Line With Region
The Romanian leu traded around 4.46 against the euro Wednesday morning, as the other currencies in the region were also posting minor increases.
Moody's Cuts Hidroelectrica's Ratings By Four Notches To B2
Moody's Investors Service on Wednesday downgraded to B2 from Ba1 the long-term corporate family rating and probability of default rating of Romanian state-owned hydropower producer Hidroelec...