Banks-Insurance
Isarescu: Romania’s Central Bank Keeps Hefty Cash For Banking Panic
Romania’s central bank keeps a cash reserve equivalent to “several tens percent” of the monetary mass, to use in moments of banking panic such as the ones in the ‘90s and 2000s, central bank...
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.3537
The Romanian leu traded in a tight range against the euro in the first half of Tuesday's session, and the central bank's reference weakened slightly to 4.3537 units, from 4.3514 units in the...
Erste's CEO About Romanian Government Change: Very Encouraging Moves
Andreas Treichl, the chief executive of Austria's Erste Group Bank (EBS.RO), says he is confident the finance and transport ministers in Romania's new government will show good performance.
Treichl: After 4 Years Of Restructuring, BCR Should Have Looked Differently, But The Crisis Struck
BCR, the largest Romanian bank, will have to resort more to the EUR3 billion external funding program it launched in 2009 because the core local business in Romania needs to be financed loca...
Treichl: BCR's New CEO Is More Of An Italian Than A Czech
Five years after Erste took control of Romania's largest bank, Andreas Treichl, the chief executive of the Austrian group, has high expectations from the new management team of BCR.
Leu Opens Flat Vs Euro; Neighbors Lose Ground
Romania’s leu opened flat against the euro and moved in narrow ranges in early action, despite a negative sentiment in the region after China cut its growth forecast for 2012.
Raiffeisen Sees No Room For Populist Measures In Romania
Romania’s reshuffled government is likely to continue the main fiscal and economic policies initiated by the former cabinet, as any populist measure, such as higher pensions or salaries in t...
Romania Sells RON1.57B 2-Year Bonds At 6% Average Yield
Romania’s Finance Ministry on Monday sold 1.57 million lei (EUR360 million) in two-year bonds, above the planned amount, at an average yield of 5.99% a year, lower than at the previous aucti...
Leu In Ranges Vs Euro, Exchange Rate At 4.3514
Romania’s leu traded near 4.3 per euro by midday Monday and the central bank’s reference weakened slightly to 4.3514 units, from 4.3493 units in the previous session.