Banks-Insurance
Leu Closes Up Vs Euro, Unmoved By Cabinet Resignation
Romania’s leu recouped part of its losses against the euro in late trade Monday, tracking the currencies in the region, and closed modestly higher on the day at 4.343/4.344 units, unfazed by...
Erste: Romania’s Borrowing Costs Shouldn’t Climb After PM Resignation
Romanian government’s resignation shouldn’t drive borrowing costs higher, as long as the country remains committed to its economic and fiscal adjustment program agreed with foreign lenders,...
Romania Sells RON1.85B 1-Year T-Bills At 6% Average Yield
Romania’s Finance Ministry on Monday sold 1.85 billion lei (EUR427 million) in one-year treasury bills, above the planned amount, while the average yield fell slightly to 5.9% a year.
Leu Exchange Rate Slightly Higher At 4.342 Vs Euro
Romania’s leu traded near 4.34 per euro by midday Monday and the central bank’s reference strengthened to 4.342 units, from 4.3467 units in the previous session.
ProCredit Bank Romania Gets EUR11.4M Syndicated Loan To Fund SMEs
ProCredit Bank Romania will receive a syndicated loan worth EUR11.4 million, including EUR5 million from the European Bank for Reconstruction and Development (EBRD), to fund small- and mediu...
BNR Injects RON5B Into Money Market In 7-Day Repo
Romania's central bank (BNR) Monday pumped 4.9 billion lei (EUR1.13 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.5% a year, equal to the mon...
Romanian Justice Minister Catalin Predoiu Appointed Acting Prime Minister
Romanian President Traian Basescu on Monday appointed independent justice minister Catalin Predoiu to the position of acting prime minister, following the resignation of Emil Boc earlier in...
Financial Markets In Romania Fall After Government Resignation
The Romanian leu weakened against the euro in mid-session Monday, while the stock exchange’s main index was falling 2.5%, following Prime Minister Emil Boc’s announcement of the government's...
Prime Minister Steps Down Amid Social, Political Unrest
Prime Minister Emil Boc on Monday announced he is stepping down, after weeks of political turmoil and social unrest.