Banks-Insurance
Government Wants To Recover RON300M From City Halls Run By Democrat Liberals
Romania’s Government wants to recover the money allotted by the former administration to local authorities controlled by democrat liberals, and limit acquisition and travel costs to ensure t...
Leu Falls Vs Euro Amid Growing Volumes
Romania’s leu weakened against the euro amid higher volumes Friday and closed above 4.44 units, despite suspected interventions from the central bank to prop the national currency.
Analysts: Romania Central Bank Likely To Move In Force If Leu Weakens Above 4.46 Vs Euro
Romania's central bank is unlikely to allow a too steep depreciation of the leu against the euro and could step in aggressively to protect the national currency and remind investors of the p...
Leu Drops To Fresh Record Low Of 4.4265 Vs Euro
Romania’s leu extended its earlier losses against the euro by midday Friday and the central bank’s reference weakened 0.2% to a new historic low of 4.4265 units, amid growing demand for fore...
EU Cuts Romania GDP Growth Forecast To 1.4% In 2012
The European Commission revised its forecast on Romanian economic growth to 1.4% in 2012 from 1.6% previously, saying it expects exports will have a negative contribution due to financial an...
Central Bank Worried About Capital Outflows From Banking Market
The significant reduction in the exposure of eurozone parent banks to financial markets in the region, including Romania, and the higher volatility of capital flows in general, have become t...
Romanians Have EUR1.7B In Private Pension Accounts
The nine mandatory private pension funds (Pillar II) were managing 7.5 billion lei (EUR1.7 billion) at the end of April after RON260 million entered the accounts of the 5.6 million contribut...
Razvan Badalicescu, Former Head Of Citi’s Corporate Operations, Leaves RCS&RDS
Razvan Badalicescu, former executive vice-president in charge of the corporate banking division of Citibank, has left the telecom group RCS&RDS only a few months after joining the company's...
Bank Of Cyprus 1Q Profit In Romania Falls 86% On Year
Bank of Cyprus Thursday reported a 85.7% drop in its after-tax profit in Romania to EUR300,000 in the first quarter, hurt by lower revenue from interests and fewer loans, according to the ba...