Banks-Insurance
Leu Up Vs Euro, Exchange Rate At 4.3742
Romania’s leu advanced against the euro by midday Wednesday and the central bank’s reference strengthened slightly to 4.3742 units, from 4.378 units a day earlier.
Romania Eyes Setting Up New Development Fund
Romanian Prime Minister Mihai Razvan Ungureanu recently said the Government plans to set up a new National Development Fund to be fueled with money obtained by the state from privatizations.
Leu Opens Weaker Vs Euro, In Quiet Market
The Romanian leu opened Wednesday slightly weaker against the euro, in a quit market, while other currencies in the region were on an oscillating trend.
The Economist: Greater Concentration In Romania's Banking Sector Is Likely
Bank profitability is expected to remain low in the short term in Romania, as the favorable impact on the banking system of the return to economic growth will come with a lag. But profits wi...
Leu Ends Up Vs Euro Amid Low Volumes
Romania’s leu edged higher against the euro in late trade Tuesday and closed just shy of 4.376 units, amid low volumes.
Leu Stable Vs Euro, Exchange Rate At 4.378
Romania’s leu was stable against the euro by midday Tuesday, in line with the currencies in the region, and the central bank’s reference gained slightly to 4.378 units, from 4.3786 units a d...
EU Council Allows Romania To Increase VAT Ceiling To EUR50,000 From EUR35,000
The Council of the European Union has allowed Romania to increase to EUR50,000, from the current EUR35,000, the annual turnover or revenue ceilings above which Romanian companies have to pay...
Higher Profits From Margins As Banks Hike Price Of Consumer Loans Despite Borrowing Cheaper
Leu-denominated loans for individuals became more expensive in February after three months of decline in a row, because of bankers seeking to boost revenue even though they are paying less t...
Leu Ends Slightly Higher Vs Euro In Quiet Market
Romania’s leu traded in narrow ranges against the euro in late session Monday and closed slightly higher on the day, amid low volumes.