Banks-Insurance
Negritoiu: Romania To Postpone Euro Zone Entry, Must Not Abandon Project
The situation in Greece and in financial markets will make Romania postpone its euro zone entry, but the objective must not be abandoned, Misu Negritoiu, general manager of ING Bank Romania,...
Leu’s Depreciation Caused By Speculative Pressure, Euro Zone Problems - ING Bank Official
The depreciation of the Romanian currency is mainly speculative, unlike in 2008, when capital outflows were legitimate, and the central bank will no longer transfer pressure onto the monetar...
ING: Romanian Leu Exchange Rate Might Continue To Lose Ground Against Euro
The Romanian leu’s exchange rate might fall to 5 units against the euro, whether Greece exits the euro currency zone or not, and pressure on the euro and currencies in the region will contin...
Leu Ends Slightly Higher Vs Euro, Unlike Neighbors
Romania’s leu edged higher against the euro Friday, unfazed by the negative sentiment in the region following worrisome eurozone employment data and disappointing manufacturing figures in Eu...
UniCredit Tiriac Bank Absorbs UniCredit CAIB Securities Division
Romania’s UniCredit Tiriac Bank will integrate the operations of its brokerage arm UniCredit CAIB Securities in a move to optimize the use of its local resources, the lender said in a statem...
Insurer Astra Eyes Georgian Market, Worth EUR140M In 2011
The shareholders of Romanian insurer Astra (ATRA.RO) on July 2 will discuss setting up an insurance-reinsurance company in Georgia and contributing to its capital.
Leu Exchange Rate At 4.4648 Vs Euro, Falls Again Vs US Dollar
Romanian leu’s exchange rate strengthened slightly to 4.4648 units against the euro Friday, but dropped for the third straight session versus the US dollar and hit a new all-time low of 3.62...
BNR: Romania Forex Reserves Down To EUR33.5B In May
Romanian foreign exchange reserves fell to EUR33.5 billion in May from EUR34.3 billion a month earlier, central bank data showed Friday.
Leu Opens Down Vs Euro On Negative Sentiment
Romania’s leu opened lower against the euro Friday, amid a negative sentiment in the region, but recovered slightly in early action on suspected intervention from the central bank.