Banks-Insurance
Croitoru, BNR: Raising Public Wages To Boost Consumption
Raising Romanian public sector wages, directly or by reducing social security contributions, will prove beneficial, as it will support consumption, but only if the Government finds financial...
Leu Ends Slightly Lower Vs Euro On Low Volumes
Romania’s leu weakened slightly against the euro amid low volumes Wednesday, closing the day at 4.3575/4.359 units.
Insurers Might Determine Capital Needed To Cover Damages Using Subscription Estimations
Romanian insurers that issue natural disaster relief policies will determine the capital needed to cover loses based on estimations regarding underwritten premiums and reinsurance, according...
Moody’s Says Romania Transelectrica Ratings Hindered By Transparency
Moody’s Investors Service Wednesday said it might consider upgrading its ‘Baa3’ credit rating on Romanian state-run power grid operator Transelectrica (TEL.RO) if the company breaks free fro...
OTP Bank Romania Ups Share Capital To RON683M
OTP Bank Romania, the local unit of Hungary’s financial group OTP, has increases its share capital by 140 million lei (EUR32 million) to RON683 million, the lender said in a statement Wednes...
Fondul Proprietatea Hires Citigroup To Sell Shares Worth EUR0.5B
Franklin Templeton, the manager of Romanian investment fund Fondul Proprietatea (FP.RO), has selected U.S. Citigroup Global Markets Limited as exclusive broker of the sale of EUR527.6 millio...
Leu Modestly Down Vs Euro In Early Trade
Romania’s leu edged lower against the euro in early action Wednesday, amid low volumes.
Deposit Interest Rates In Lei And Euro Tend To Even Out
Local banks’ hunger for euros combined with the cash injections of the Romanian central bank (BNR) have led to a spectacular situation on the banking market: interest rates on euro deposits...
Leu Stays Above 4.35 Vs Euro, In Quiet Market
The Romanian leu closed roughly flat against the euro Tuesday, on low traded volumes, while other currencies in the region were seeing a slight weakening trend.