Banks-Insurance
Leu Up Vs Euro In Early Trade
Romania’s leu opened higher against the euro Tuesday and traded in narrow ranges in early action, amid low volumes.
Leu Ends Slightly Higher Vs Euro In Quiet Market
Romania’s leu strengthened slightly against the euro in a sleepy session Monday, as most of the neighboring markets were closed for Easter.
Mic.ro To File For Bankruptcy, After Sale Talks' Failure
Romanian liquidator RVA Insolvency, court-appointed administrator of retail networks Mic.ro and miniMax, will ask creditors to allow bankruptcy for the two firms, since sale talks failed.
Romania Sells RON1B 1-Year T-Bills At 5% Average Yield
Romania’s Finance Ministry on Monday sold a planned 1 billion lei (EUR229 million) in one-year treasury bills, while the average yield fell to a new record low of 5.02% a year, central bank...
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.3683
The Romanian leu traded in a tight range Monday as most European markets are closed for the Easter holiday, and the central bank set a reference rate of 4.3683 units, slightly changed from 4...
BNR Injects RON5.93B Into Market In 8-Day Repo
Romania's central bank (BNR) Monday added 5.93 billion lei (EUR1.3 billion) to the market in a eight-day repurchase agreement operation at an interest rate of 5.25% a year, equal to the mone...
SME Loan Guarantee Fund Granted Guarantees Of EUR162M In 1Q
The National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) offered 2,400 guarantees in the first quarter of 2012, which amounted to EUR162 million, up 60% compared with...
Mandatory Private Pension Funds Posted Net Profit Of Over RON1B In May '08 – March '12
Romania’s mandatory pension funds (Pillar II) reported net profit of over RON1 billion (EUR228 million) between May 2008 and March 2012, according to an analysis by the Association for Roman...
Leu Closes Stronger Vs Euro, Alone In The Region
The Romanian leu gained some ground against the euro in late-trade Friday, while other markets in the region were closed for the Catholic Easter.