Banks-Insurance
Leu Ends Higher Vs Euro, Attuned To Region
Romania’s leu advanced against the euro in a quiet market Thursday, tracking the currencies in the region, and closed almost 0.2% stronger on the day at 4.3435/4.346 to the euro.
Development Ministry To Borrow RON650M From Treasury For EU-Funded Projects
The Romanian Government allowed the Regional Development Ministry to borrow 650 million lei (EUR149.6 million) from state funds obtained from privatization and deposited in the Treasury, to...
Romania Sells RON436M 5-Year Bonds At 7% Average Yield
Romania’s Finance Ministry on Thursday sold 436 million lei (EUR100.3 million) in five years bonds, above the planned amount, at an average yield of 7% a year, lower than at the previous auc...
Leu In Ranges Vs Euro, Exchange Rate At 4.3452
Romania’s leu traded in ranges against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3452 units, from 4.3497 units a day earlier.
Government Approves Bridge Bank Law For Struggling Lenders
Romanian government Wednesday approved the legal framework that will allow the central bank to create a bridge bank to manage and insulate financially troubled lenders.
Leu Falls Vs Euro In Quiet Market
Romania’s leu weakened against the euro amid a quiet market Wednesday and closed 0.35% lower on the day, despite a positive sentiment in the region after the International Monetary Fund anno...
Visa: Value Of Card-Paid Taxes In Romania Doubled In Jan-Nov 2011
The value of taxes paid with bank cards amounted to 69.4 million lei (EUR15.9 million) in the first eleven months of 2011, almost double on the year, according to data released Wednesday by...
Leu Down Vs Euro, Exchange Rate At 4.3497
Romania’s leu edged lower against the euro by midday Wednesday, unlike its peers in the region, and the central bank’s reference weakened 0.5% to 4.3497 units, from 4.327 units a day earlier...
KPMG: Banking System Might See Consolidation
A consolidation of the banking system might occur where the market position and investment level no longer justify the presence of a bank in Romania or if they fail to find certain niches, b...