Banks-Insurance
Romania Sells RON1.5B 1-Year T-Bills At 5.8% Average Yield
Romania’s Finance Ministry on Monday sold 1.5 billion lei (EUR345 million) in one-year treasury bills, almost double the planned amount, at an average yield of 5.8% a year.
Leu Exchange Rate Modestly Higher At 4.3477 Vs Euro
Romania’s leu traded near 4.35 per euro by midday Monday and the central bank’s reference strengthened to 4.3477 units, from 4.3529 units in the previous session.
BNR Pumps RON4.5B In 7-Day Repo
Romania's central bank Monday injected 4.47 billion lei (EUR1.02 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.5% a year, equal to the moneta...
Leu Closes Slightly Higher Vs Euro After Quiet Session
Romania’s leu gained modestly versus the euro in late trade Friday and closed slightly higher on the day at 4.3485/4.35 units, amid a quiet market.
Erste: We Will Favor Lending In Lei
Erste Group and its local subsidiary, BCR, will continue to finance the Romanian economy, and will give priority to new leu-denominated loans, while keeping a conservative approach to foreig...
Insurer ING Asigurari De Viata 9-Mo Underwritten Premiums Up 0.8% To RON407.5M
Romanian insurer ING Asigurari de Viata underwrote premiums of 554.4 million lei (EUR127.2 million) last year, up 2% compared with 2010, while its gross profit dropped by 62% to RON17.8 mill...
Leu Ends Flat Vs Euro On Positive Sentiment
Romania’s leu edged higher against the euro in late trade Thursday, amid a positive sentiment in the region after Greek officials agreed to new austerity measures in exchange for more foreig...
IMF Asks Romania To Begin Downsizing At Postal Operator; At Least 600 Layoffs Expected
Romanian state postal company Posta Romana will lay off at least 600 employees by the end of March and will continue to downsize its network, closing more than 135 offices, as per the agreem...
Romania’s New Cabinet Wins Confidence Vote
Romania’s new Government, led by Mihai Razvan Ungureanu, received a confidence vote in Parliament Thursday, allowing it to continue reforms pledged by the previous government under a deal wi...