Banks-Insurance
Should The Economy Adjust To An Exchange Rate Of RON4.5 Per Euro?
The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting non-performing loans and increases people’s fears, which will impa...
Unicredit Head: We Have To Decide Whether To Join Euro In 2015 Or Start The De-Euroization Of Economy
The target for adopting the euro in 2015 acts as an anchor for macroeconomic balances, but it needs to be reconfirmed because at present it doesn’t seem very achievable, with the alternative...
Romanians Withdraw RON100 Billion From ATMs In One Year
Withdrawals from cash points exceeded 100 billion lei (almost EUR23 billion) between April 2011 and March 2012, five times the payments by card to merchants during the same amount of time, c...
Leu Dips Vs Euro On Low Volumes
Romania’s leu weakened slightly against the euro amid low volumes Thursday and closed at 4.444/4.446 units, from 4.4385/4.44 units a day earlier.
Romania Sells RON699M 5-Year Bonds At 6.15% Average Yield
Romania’s Finance Ministry on Thursday sold 698.5 million lei (EUR157 million) in five years bonds, slightly above the planned amount, at an average yield of 6.15% a year.
Radu Ghetea Reconfirmed As Head Of Romanian Banking Association
The Romanian Banking Association confirmed president Radu Ghetea for a fifth consecutive three-year term, the association said in a statement Thursday.
Porsche Finance Group Issued Funding Worth EUR33M In 1Q 2012
Porsche Finance Group on Thursday announced it had granted funding worth a total EUR33 million in the first three months of the year, up 27% on the same interval of 2011.
Leu Exchange Rate Firms Slightly To 4.4435 Vs Euro
Romania’s leu lost its earlier gains versus the euro by midday Thursday, but the central bank’s reference strengthened modestly to 4.4435 units, from a record low of 4.4463 units a day earli...
ING: Romanian Leu To Trade At 4.5 Vs Euro In 2H
Romania’s leu will likely weaken to 4.5 against the euro in the second half of the year, according to estimations from ING Bank, which sees the national currency trading around that level in...