Banks-Insurance
Government Change Delays Romania's Privatization Plans
Oltchim Ramnicu Valcea (OLT.RO), the largest chemical plant in Romania, posted losses of 82.8 million lei (around EUR19 million), which means that for every day its privatization is delayed,...
Garanti Bank Borrows $15M From IFC
The International Finance Corporation (IFC), the private lending arm of the World Bank, has extended a $15 million credit line to Romanian Garanti Bank to extend its trade finance business.
Moody's: Romania’s 2nd Government Collapse In 3 Months Endangers Reforms
Romania’s second government collapse in three months will likely deepen investors concern about policy and reform implementation, making borrowing conditions more challenging for the new gov...
BCR: Romanian Leu Undervalued Despite Improving Fundamentals
Romania’s largest bank Banca Comerciala Romana Thursday said the leu is likely to trade inside a range of 4.3-4.5 per euro for most of 2012 and estimated the national currency is currently u...
Leu In Ranges Vs Euro, Exchange Rate Firms To 4.4078
Romania’s leu traded in a narrow range against the euro by midday Thursday and the central bank’s reference strengthened 0.2% to 4.4078 units, from a record low of 4.4168 units a day earlier...
Leu Gains Vs Euro In Early Trade
Romania’s leu edged higher against the euro in early action Thursday and near 4.4 units, amid a quiet market.
Erste: Romania Central Bank To Leave Rates On Hold Until 2013
The Romanian central bank is likely to keep its key rate unchanged at 5.25% until 2013, after political uncertainly prompted the bank to interrupt its monetary policy easing, Austrian lender...
Almost Half Of State Companies Allotted Some RON25M For Sponsorship, Protocol
Almost half of Romanian companies controlled by the state, mainly those under the authority of the Economy Ministry, budgeted over 25 million lei (EUR5.6 million) for 2012, for sponsorship,...
Isarescu: Leu's Fall May Be Linked To Fundamentals
The Romanian leu has weakened against the euro in an immediate reaction to the government’s fall, but its recent evolution could also point to a shift in macroeconomic fundamentals, central...