Banks-Insurance
Leu Ends Lower Vs Euro, Attuned To Region
Romania’s leu weakened modestly against the euro for the second consecutive day Wednesday, tracking neighboring currencies, and closed above 4.365 units, amid slightly higher volumes.
Dairy Maker Olympus Romania Borrows EUR30M From Black Sea Bank
Greek dairy maker Olympus on Wednesday announced it has taken out a EUR30 million loan from Black Sea Trade and Development Bank (BSTDB), with a seven-year timeframe, to increase export capa...
Rompetrol Group Gets 5-Year $200M Syndicated Loan
Romanian second largest oil group Rompetrol NV, a unit of Kazahstan’s KazMunayGas, has signed a five-year $200 million syndicated loan agreement with a consortium of banks led by Italy’s Uni...
Development Ministry Wants To Increase EU Fund Absorption Rate To 30% In 2012
The Romanian Regional Development Ministry wants to contract all funds allotted by the European Union and reach a 30% fund absorption rate in 2012, Development Minister Cristian Petrescu sai...
Leu In Ranges Vs Euro, Exchange Rate At 4.3608
Romania’s leu traded near 4.36 per euro by midday Wednesday and the central bank’s reference lost a meager 0.08% on the day to 4.3608 units, from 4.3575 units Tuesday.
Minor BRD Stakes Sold On Bucharest Deal Market For RON16.75M
Two stakes representing 0.22% of the share capital in lender BRD-Groupe Societe Generale (BRD.RO) were traded Wednesday on the Bucharest Stock Exchange’s deal market for a total 16.75 millio...
Agriculture Ministry Will No Longer Accept Comfort Letters From Any Lender
The Romanian Agriculture Ministry will no longer accept comfort letters for EU-funded projects from any credit institution, as some lenders turned it into a business and sell comfort letters...
Leu Opens Flat Vs Euro, Amid Market Apathy
The Romanian leu opened Wednesday at 4.363/4.364 to the euro, similar to previous session's closing levels, on low traded volumes, while other currencies in the region were losing ground.
Aurelian Mihailescu To Replace Cristian Sporis As Head Of Raiffeisen's Treasury
Aurelian Mihailescu was appointed by the board of Raiffeisen Bank Romania to replace Cristian Sporis as head of the treasury and capital markets department after the latter agreed to take th...