Banks-Insurance
More SMEs Needed To Increase Role In Romania’s Economy
The increase in the number of small- and medium-sized enterprises (SMEs) is the only way to make this sector weigh more heavily on Romania's economy, Andreea Paul, representative of SMEs in...
Tomas Spurny Begins Term As New CEO Of BCR
Romania's central bank has authorized the appointment of Tomas Spurny as the new chief executive officer of Banca Comerciala Romana, or BCR, the commercial lender said in a statement Friday.
Leu Falls Vs Euro As Government Faces Confidence Vote
The Romanian leu weakened against the euro in early trade Friday, on increased volumes, and dealers believe some players bet on a no-confidence vote against the Ungureanu Cabinet.
BRD Pays Dividend Of RON0.167/Share From 2011 Profit
Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, Thursday approved paying out a gross dividend of 0.1669 lei (EUR0.038) a share from the 2011 profit, d...
European Banks 2011 Exposure To Romania Falls 5.7% To $108.8B
European banks’ exposure to Romania fell 5.7% to $102.5 billion in 2011, from $108.8 a year earlier, data from the Bank for International Settlements showed.
Private Pension Administrators To Report On Investments To Regulator Every Week
Romanian private pension fund administrators will be required to send a detailed report on their investments to regulator CSSPP every week, in accordance with two bills that amend current ru...
Romania Sells RON226M 15-Year Bonds At 6.58% Average Yield
Romania’s Finance Ministry on Thursday sold 226 million lei (EUR51.6 million) in 15 years bonds, slightly above the planned amount, at an average yield of 6.58% a year, central bank data sho...
Chinese Businessmen Keen On Investing In Romania’s Agriculture, IT, Energy Sectors
Chinese businessmen have expressed interest in investing in projects in Romania’s sectors of agriculture, information technology, infrastructure and energy.
Leu Stable Vs Euro, Exchange Rate At 4.3757
Romania’s leu traded in narrow ranges against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3757 units, from 4.3778 units a day earlier.