Banks-Insurance
BRD-Led Consortium To Broker Hidrolectrica’s IPO
Romanian Economy Ministry has selected a consortium comprising BRD, Citigroup, Societe Generale and Intercapital Invest to broker the sale of a 10% stake in state-run hydropower generator Hi...
Romania Sells RON750M 2-Year Bonds At 5.6% Average Yield
Romania’s Finance Ministry on Monday sold a planned 750 million lei (EUR171.3 million) in two-year bonds, at an average yield of 5.6% a year, lower than at the previous auction.
KIWI Finance Appoints Former OTP Bank Director As Head Of Sales
Former OTP Bank director Gabriel Cretu was appointed Head of Sales at Romanian credit broker KIWI Finance, replacing Traian Stancu who was promoted to the position of Chief Operating Officer...
Romanian Insurers Exempt From Contributing To Road Accident Victim Fund In 2012
Romanian companies that issue mandatory car insurance policies (RCA) will not contribute this year to the fund protecting road accident victims, as the fund has enough resources to cover pos...
BNR Pumps RON6.25B Into Market
Romania's central bank Monday added 6.25 billion lei (EUR1.42 billion) to the market in a one week repurchase agreement operation at an interest rate of 5.25% a year, equal to the monetary p...
BNR: Forex Reserves Rise To EUR34.6B In March
Romanian foreign exchange reserves rose to EUR34.6 billion in March from EUR33.4 billion a month earlier, central bank data showed Monday.
BRD Gets EUR30M From EBRD For Energy Efficiency On-Lending
The European Bank for Reconstruction and Development, or EBRD, will issue funding worth EUR30 million to Romanian lender BRD-Groupe Societe Generale (BRD.RO), for on-lending to small and med...
Leu Opens Weaker Vs Euro, On Low Volumes
The Romanian leu opened Monday unnoticeably weaker against the euro, on low traded volumes, while dealers suspect the central bank is still indirectly present to cool the leu’s weakening.
Romania’s Fiscal Adjustment Could Have Been More Gradual – IMF Report
The fiscal adjustment in Romania, which entailed a 25% cut in public sector wages, lower social contributions and a higher value added tax, could have been more gradual, with a lighter impac...