Banks-Insurance
Analysts Estimate BNR Will Cut Key Rate To 5.25% Thursday
The Romanian central bank, or BNR, is likely to cut its key rate by a quarter of a point to a new historic low of 5.25% a year at the next monetary policy meeting March 29, according to fina...
Tax Authority Starts High Wealth Checkups Once Taxpayers File 2011 Income Statements
Romania’s tax authority ANAF will start investigating people with large wealth once taxpayers submit their income statement for last year.
Court Annuls Antitrust Fine Given To Aviva Pensii In 2010
The Bucharest Court of Appeals has cancelled a fine given by the competition watchdog to pension administrator Aviva Pensii in 2010, for an alleged agreement with 13 other companies over the...
Government Eliminates Delays In Signing Winning Contracts
Romanian contracting authorities will have at most one week after an auction’s legal waiting period ends to sign the winning contract, according to a normative act approved by the Government...
Leu Exchange Rate Gains Modestly To 4.3712 Vs Euro
Romania’s leu reference rate strengthened against the euro for the fourth straight day Friday, albeit at a very slow pace, reaching 4.3712 units, from 4.3718 units in the previous session.
Leu Opens Stronger Vs Euro, On Low Volumes
The Romanian leu opened Friday stronger against the euro, in a quiet market with low traded volumes.
Banca Transilvania To Hike Capital By RON129.4M, Launch Convertible Bond
Romanian lender Banca Transilvania (TLV.RO) Thursday proposed increasing its share capital by 129.38 million lei (EUR29.57) to RON1.9 billion and launching a EUR30 million convertible bond,...
Leu Closes Flat Vs Euro In Quiet Market
Romania’s leu was stable against the euro Thursday and closed the day flat at 4.371/4.373 units, amid a quiet market.
Alexandre Paul Maymat To Serve As BRD CEO Starting May
Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, formally proposed Alexandre Paul Maymat for the position of chief executive officer, the lender said i...