Banks-Insurance
PDL Turns Former PM Boc's Chief Of Staff Into Supervisor Of EUR30B Market
Political appointments put inexperienced people in positions that entail regulation and supervision of markets worth tens of billions of euros. This week, Parliament validated new members to...
Romania Plans To Sell Up To RON14B Treasuries In 2Q
Romania’s Finance Ministry plans to sell state paper worth between 12 billion lei (EUR2.7 billion) and 14 billion lei (EUR3.2 billion) in the second quarter, half the value of treasury issua...
Isarescu: Leu Is In Equilibrium Area
The Romanian leu is in an equilibrium area, which might move if economic fundamentals are changed, central bank governor Mugur Isarescu said Thursday.
Police Officers, Military Staff To Contribute To Mandatory Private Pension Funds
Romanian police officers, military staff and public servants with special status, who work in penitentiary administration, will have to sign up for the mandatory private pension system (Pill...
Isarescu: Public Sector Pay Hikes Won’t Hurt If Budget Targets Are Met
The restoration of public sector wages in Romania could lead to a gradual restoration of internal demand and it should not cause too much stir if budget targets agreed with the International...
Leu Ends Down, On Foreign Players' Euro Purchases
The Romanian leu traded above 4.38 to the euro in the second part of Thursday session, as foreign players bought the European currency after the local central bank cut the key rate by 25 bas...
Romania Plans To Sell RON4.25B Treasuries In April
Romania’s Finance Ministry plans to sell state paper worth 4.25 billion lei (EUR970.6 million) in April, down from RON7.86 billion sold in the previous month, ministry data showed Thursday.
BNR Cuts Key Rate To A New Record Low Of 5.25%
Romania’s central bank (BNR) Thursday cut its key monetary policy rate by 25 basis points for the fourth consecutive time to a record low of 5.25% a year, amid a falling inflation and subdue...
Banca Transilvania Eyes 20% Hike In 2012 Pretax Profit, To RON33.47M
Romanian lender Banca Transilvania (TLV.RO) on Thursday said it expects a 20% year-on-year increase in pretax profit, to 334.7 million lei (EUR76.4 million) in 2012 from RON278.2 million a y...