Banks-Insurance
Leu Dips Vs Euro On Negative Sentiment
Romania’s leu traded near 4.44 per euro against the euro in late session Monday, closing slightly weaker on the day amid a negative sentiment in the region.
Romania Sells RON335M 2-Year Bonds At 5.5% Average Yield
Romania’s Finance Ministry on Monday sold 335.4 million lei (EUR75.6 million) in two-year bonds, below the planned amount, while the average yield was virtually unchanged at 5.53% a year.
Romanian Banking System 1Q Net Profit Falls On Higher Provisions
Romanian banks reported combined net profit of 165 million lei (EUR37.2 million) in the first quarter, lower on the year, hurt by rising provisions.
Where Is The Leu Exchange Rate Going?
The leu depreciated on Friday to a historic low, only to fall to a fresh low of 4.437 per euro on Monday and Romanians with installments to pay in euros are looking fearfully at the rates di...
BNR Adds RON5.4B To Interbank Market
Romania's central bank, or BNR, Monday pumped 5.4 billion lei (EUR1.2 billion) into the market in a seven-day repurchase agreement operation at an interest rate of 5.25% a year, equal to the...
Leu Exchange Rate Hits New Low Of 4.4373 Vs Euro
Romania’s leu retreated against the euro by midday Monday and the central bank’s reference weakened to a new record low of 4.4373 units, from 4.4265 units in the previous session.
Leu In Ranges Vs Euro, In Calm Market
The Romanian leu stayed around 4.44 per euro at the start of Monday trading session, in a quiet market, while the other currencies in the region and the euro were falling after the deepening...
Ponta: The 1.5% Economic Growth Not Sufficient, Romania Must Find Other Markets Than The EU
Prime Minister Victor Ponta is still hopeful that the official economic growth rate of 1.5% in 2012 will prove realistic and believes an optimal GDP growth rate in order for Romania to at le...
Ponta: Government Wants To Cut Social Security Contributions For Employers In 2013
Romania’s Government plans to reduce social security contributions by 5 percentage points for employers next year and keep the flat tax unchanged at 16% for companies, Prime Minister Victor...