Banks-Insurance
EBRD Invests EUR12.8M To Improve Water Services In Galati County
The European Bank for Reconstruction and Development on Thursday said it has extended a EUR55.5 million loan to water utility company APA Canal SA Galati to improve water services in Galati...
Romania Sells RON417M 7-Year Bonds At 6.4% Average Yield
Romania’s Finance Ministry on Thursday sold 417.2 million lei (EUR93.4 million) in seven-year bonds, slightly below the planned amount, at an average yield of 6.4% a year.
Banca Transilvania Acquires 7% In SSIF Broker In Debt-To-Equity Swap
Romanian lender Banca Transilvania (TLV.RO) took over 6.91% in brokerage firm SSIF Broker (BRK.RO) from businessman Ioan Cartis in a debt-to-equity deal, the broker said in a statement Thurs...
Leu Exchange Rate Hits Yet Another Low Of 4.4662 Vs Euro
Romania’s leu weakened against the euro by midday Thursday and the central bank’s reference retreated for the second day in a row to a fresh record low of 4.4662 units, from 4.4587 units in...
PayPoint Romania FY Revenues Up 15%, To GBP24.2M
British specialist payments company PayPoint Plc said Thursday revenues at its Romanian unit increased 15% in the fiscal year ended in March, to GBP24.27 million (EUR30 million), mainly due...
BCR Borrows EUR50M From EIB To Finance Small Companies
The European Investment Bank has extended a EUR50 million credit line to Romanian lender BCR for on-lending to small and medium sized enterprises, midcap companies and public entities, the b...
Raiffeisen Bank International 1Q Profit In Romania Doubles To EUR31M
Austria’s Raiffeisen Bank International AG Thursday said its after tax profit in Romania almost doubled to EUR31 million in the first quarter, fueled by higher revenue from interest and fall...
Leu Touches New All-time Low At 4.4715 Vs Euro
The Romanian leu fell to an all-time low of 4.4715 against the euro on the local interbank market Thursday, but the central bank stepped into the market, dealers said, to calm the national c...
Government Bans Public Institutions From Buying Consultancy Services, Cuts Protocol Spending
Romania’s Government has banned public institutions and state-owned companies from buying consultancy and legal assistance services if they already have specialized employees and will force...