Banks-Insurance
IMF Team To Visit Romania April 24-May 7
A delegation of the International Monetary Fund will visit Romania between April 24 and May 7 for the fifth review of a EUR3.5 billion precautionary agreement signed last spring.
Alumil Seeks Loans Of EUR8M For Investments, Working Capital
Romanian aluminum systems maker Alumil Rom Industry Bucuresti (ALU.RO) plans to apply for loans worth a total EUR8 million, including EUR5 million to finance investments and the rest for wor...
Leu Opens Flat Vs Euro, In Quiet Market
The Romanian leu opened Thursday roughly flat against the euro, in a quiet market with low traded volumes.
BNR: Romania FDI Falls To EUR253M In First Two Months
Romanian foreign direct investment, or FDI, fell to EUR253 million in the first two months of 2012 from EUR325 million in the same month a year before, the central bank said Thursday.
Romania Jan-Feb Current Account Deficit Widens To EUR663M
Romania's current account deficit widened to EUR663 million in the first two months from EUR251 million in the same period of 2011, due mainly to the doubling of the trade gap, central bank...
Romanians Get A Taste For Long-Term Savings
Romanians’ appetite for long-term savings has increased spectacularly lately thanks to the more generous offers from banks attempting to balance their portfolios.
Raiffeisen Banca pentru Locuinte 2011 Net Profit Halves As Costs Rise
Romanian housing bank Raiffeisen Banca pentru Locuinte (RBL), a unit of Austria’s Raiffeisen Bank, Wednesday said its net profit halved to 500,000 lei (roughly EUR114,300) in 2011, due to hi...
Government Caps Compensation To Former Owners Of Nationalized Property
Compensation to people whose property was abusively seized during the communist regime will be caped at 15% of the value of the property and will be paid in tranches in the next ten to twelv...
Leu Exchange Rate Weakens To 4.3746 Vs Euro
Romania’s leu traded near 4.375 per euro by midday Wednesday and the central bank’s reference weakened to 4.3746 units, from 4.3696 units a day earlier.