Banks-Insurance
Why Is Oana Petrescu Leaving BCR’s Board?
After more than five years as executive vice-president at BCR, the largest Romanian bank, Oana Petrescu says that her training as a consultant influenced her management style and once the ma...
Banks Have Several Days Left To Come Up With Offers To Comply With New Lending Rules
Bankers did not rush to adjust their offers in line with the lending rules enacted by the central bank last fall and tried to make the most of the ninety-day time they had been given to draf...
Leu Closes Higher Vs Euro After Sleepy Session
Romania’s leu edged higher against the euro in late trade Monday and closed slightly above 4.34 per euro, amid low volumes.
Romania Sells RON1.27B 6-Month Bills At 5.87% Average Yield
Romania’s Finance Ministry on Monday sold six-month treasury bills worth 1.27 billion lei (EUR292 million), more than quadruple the planned amount, while the average yield fell to 5.87% a ye...
Allianz: Companies Fear Recession, Price Increases, Forex Fluctuations
Companies see economic risk as the main type of risk threatening their business, being especially concerned with the possibility of recession and the sovereign debt crisis, along with commod...
Leu Stable Vs Euro, Exchange Rate At 4.3463
Romania’s leu traded just shy of 4.35 per euro by midday Monday and the central bank’s reference strengthened modestly to 4.3463 units, from 4.3473 units in the previous session.
BNR Injects RON4.42B In 7-Day Repo
Romania's central bank (BNR) Monday pumped 4.42 billion lei (EUR1 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.75% a year, equal to the mone...
Private Pension Funds’ Assets Seen To Rise To 1.66% Of GDP By Yearend
The net assets of Romania’s private pension funds might rise to 1.66% of the gross domestic product by the end of the year, from 1.22% in September 2011, when they reached 6.2 billion lei (E...
Moody’s: Street Protests In Romania May Delay Reform, Impact Rating
The recent anti-government protests in Romania might slow down fiscal and structural reforms initiated under an international bailout package over two years ago, putting negative pressure on...