Banks-Insurance
Leu Ends Weaker, As Players Still Favor Euro
The Romanian leu closed Friday a bit weaker against the euro, in a market where players bought more hard currency and the central bank intervened indirectly to curb the local currency’s weak...
BNR Likely To Cut Key Rate Again In May - Analysts
The central bank is expected to lower the key monetary policy rate by another 25 basis points in May, to 5%, but it is unlikely to go below this point, according to analyst estimations.
Authorities Want To Reduce The Number Of Taxes To Below 100 – PM Adviser
Romanian authorities are looking into reducing the number of taxes from 230 to below 100, as recommended by the World Bank, Andreea Paul, adviser to the prime minister, said Friday.
CEC Bank Granted Farmers Over 10,000 Loans Worth EUR20M In 2012
Romania’s state-owned lender CEC Bank granted farmers 10,294 loans worth nearly EUR20 million in the first three months of 2012, CEC Bank president Radu Ghetea said Friday at the conference...
Government To Borrow Money From Treasury Again To Finance EU-Funded Projects
The Romanian Government will borrow 750 million lei (EUR171.2 million) from the Treasury to cover payments for projects carried out through the EU-funded regional operational program (POR) i...
Agriculture Minister Frowns On Banks’ Reluctance To Finance Farmers
Romania’s agricultural growth is affected, among others, by banks’ reluctance to finance farmers, although the interest on loans is higher compared to other countries, Agriculture Minister S...
Leu Exchange Rate At 4.3791 Vs Euro, Just Shy Of All-Time Low
The Romanian leu traded around 4.38 versus the euro in the first part of Friday's session, but the central bank's reference rate was barely moved at 4.3791 units, from 4.3788 units in the pr...
Lending Lags, Despite Key Rate Cuts, Because Banks Are Morphing
Consecutive key rate reductions are not reflected in a resumption of credit because banks, especially Greek and Austrian-owned ones, are unfolding a gradual adjustment of the loan to deposit...
OTP Group Still Looking For Takeover Opportunities In Romania
OTP is still interested in buying a smaller Romanian bank, and it could resume talks to this end in the second half of the year, because Romania is a primary target for the group’s expansion...