Banks-Insurance
Now That BNR Cut Key Rate To 5.5% When Will Loan Interests Follow Suit?
The central bank has cut the key rate by 0.75 percentage points since November, to 5.5% but a number of banks like BCR, Raiffeisen, Emporiki and Garanti did the exact opposite not long ago w...
Alico: We Can Make Further Acquisitions If Opportunities Arise
US company MetLife, which has recently announced the acquisition of the local subsidiary of Aviva, is watching the Romanian market and does not rule out a potential acquisition of another co...
MKB Romexterra Leasing Plans To Hike Share Capital By RON9.1M, To RON42.2M
Shareholders of MKB Romexterra Leasing will hold talks on March 5 on increasing the company’s share capital by 9.1 million lei (EUR2.1 million), to RON42.2 million from RON33.1 million, thro...
Leu Closes Flat Vs Euro In Quiet Market
Romania’s leu moved in narrow ranges against the euro amid a quiet market Thursday and closed flat on the day, unfazed by the central bank’s decision to lower the key monetary rate to a new...
Finance Ministry Sells RON1.3B 3-Year Bonds At 6.8% Average Yield
Romania’s Finance Ministry on Thursday sold 1.3 billion lei (EUR299 million) in three-year bonds, above the planned amount, at an average yield of 6.79% a year, lower than at the previous au...
Leu Dips Vs Euro, Exchange Rate At 4.347
Romania’s leu edged lower against the euro by midday Thursday and the central bank’s reference weakened slightly to 4.347 units, from 4.3447 units a day earlier.
Romanian Operating Leasing Market Seen Growing Up To 20% This Year
Romania’s operating leasing market is expected to grow 15%-20% this year, after a 17% growth last year, according to estimates of the local Association of Operating Leasing Companies (ASLO).
Romania’s Net Financial Benefit From EU Budget Tops EUR5.6B – Minister
Romania has managed to cash EUR11.91 billion from the European Union budget, since January 1, 2007 when it joined the EU, and contribute EUR6.24 billion to the budget, which means the countr...
BNR Pushes For Lower Interests. Key Rate Drops To 5.5%
Romania’s central bank Thursday cut its key monetary policy rate by 25 basis points for the third consecutive time to a record low of 5.5% a year, in line with analysts’ expectations, as inf...