Banks-Insurance
Marisa Drew, Credit Suisse: Financing Will Be There For RCS&RDS But Will Likely Be Somewhat More Costly
RCS&RDS, the largest telecom operator controlled by a Romanian entrepreneur, with revenue estimated at $800 million in 2011, will not have trouble finding financing to roll over its debt but...
OTP Bank Romania Eyes Up To 9% Higher Loans In 2012
OTP Bank Romania, the local unit of Hungary’s financial group OTP, estimates its loan portfolio will increase by 7% to 9% in 2012, fueled by higher consumer loans and increased financing for...
Romania Sells RON2.5B 1-Year T-Bills At 5.27% Average Yield
Romania’s Finance Ministry on Monday sold 2.48 billion lei (EUR571 million) in one-year treasury bills, more than double the planned amount, at an average yield of 5.27% a year, lower than a...
Leu Exchange Rate Dips To 4.3558 Vs Euro
Romania’s leu was stable against the euro by midday Monday and the central bank’s reference weakened modestly to 4.3558 units, from 4.3545 units in the previous session.
BNR Pumps RON6.7B Into Market
Romania's central bank (BNR) Monday injected 6.72 billion lei (EUR1.54 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.5% a year, equal to the...
Over Two Thirds Of Romanians Would Pay Taxes Using Bank Cards If No Fee Is Charged - Poll
More than two thirds of Romanians welcome the system allowing them to pay taxes using bank cards, either through POS units or online, but the introduction of a transaction fee would make the...
How Public Officials Get Paid. Finance Minister Bogdan Dragoi Earned EUR200,000 Last Year
Bogdan Dragoi, who was appointed finance minister a month ago, collected 833,640 lei (almost EUR200,000) from the various positions held in 2011. Half of the money (about EUR105,000) was his...
Basescu: Israel-Iran Conflict Would Severely Affect Romania
Romanian President Traian Basescu said Sunday a conflict between Israel and Iran would severely affect Romania’s commercial relations and interests in the region.
Leu Ends Lackluster Week Flat Vs Euro
Romania’s leu continued to trade in a tight range against the euro in early session Friday, ending an uneventful week during which it barely moved outside 4.35/4.36 per euro, amid low volume...