Banks-Insurance
What A “Grexit” Would Mean For Romania: Euro Above RON5 And Doubled Interest Rates
The leu’s depreciation by 10%-15% against the euro and the doubling of interest rates for lei on the interbank market would be the direct and fast effects on the Romanian market of the prosp...
Greece's EFG Eurobank Posts EUR10.3M Loss In Romania In 1Q
Greek group EFG Eurobank, the owner of lender Bancpost, posted losses of EUR10.3 million from its Romanian operations in the first quarter, much higher than the EUR1.1 million losses posted...
Romania Cuts 2013 GDP Growth Forecast To 3.1% Vs 4.5%
A sluggish economic recovery and falling exports have prompted Romanian officials to revise downward the 2013 growth forecast to 3.1%, from 4.5% initially, according to a government document...
Leu Closes Flat Vs Euro On Growing Volumes
Romania’s leu lost its earlier gains versus the euro in late trade Thursday and closed roughly at yesterday’s levels, amid rising trade volumes.
Only 16% Of Romanian Employers Offered Voluntary Private Pension As Benefits In 2011
About 16% of employers in Romania offer voluntary private pension and other savings plans as benefits to their employees last year, down 8 percentage points compared with 2010, according to...
Leu Exchange Rate Weakens To 4.4652 Vs Euro, Hits New Low Vs Greenback
Romanian’s leu traded below 4.47 per euro by midday Thursday and the central bank’s reference weakened modestly to 4.4652 units, from 4.4616 units a day earlier.
Romanian Bankrupt UCM Resita Gets Court-Appointed Administrator
A Bucharest court has appointed a consortium led by Euro Insol as administrator of Romanian bankrupt engine manufacturer UCM Resita (UCM.RO), the insolvency firm said in a statement Thursday...
Leu Returns Towards 4.47 Vs Euro
The Romanian leu recovered Thursday morning part of the losses it suffered in late trade Wednesday, trading around 4.47 against the euro on alleged central bank intervention.
UniCredit CAIB Securities To Close, Parent Bank Takes Over Brokerage Business
UniCredit Tiriac Bank might soon announce the closing of the brokerage firm UniCredit CAIB Securities, which it fully owns, and integration of the brokerage operations into a department of t...