Banks-Insurance
Romania Walks A Tight Rope Amid Riots
The modicum of stability and good image that Romania boasts in investors’ eyes, which it strove hard to achieve through tough austerity measures and by being the IMF’s diligent student, coul...
Bankers Install More And More POS Terminals To Grab A Slice Of EUR40M Market
Banks expanded their payment terminal (POS) networks deployed in stores last year, a market segment dominated by a small number of players, which generates EUR40 million a year in fee revenu...
Private Pension Funds' Assets Up 47% In 2011, To RON6.85B
The assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) rose by 47% in 2011 to 6.85 billion lei (about EUR1.6 billion), private pension r...
Romanian Leu, Stocks Unfazed After Street Protests, May Falter If Things Escalate
Violent protests that left 59 Romanians injured over the weekend had no effect on the local financial markets so far, but an escalation may lead to the government’s collapse and implicitly t...
Leu Recoups Vs Euro On Higher FX Sales
Romania’s leu returned to gains in late trade Monday and closed 0.3% stronger at 4.323/4.325 per euro, from 4.3365/4.338 per euro in the previous session.
Romania Sells RON3.46B 1-Year T-Bills At 6.21% Average Yield
Romania’s Finance Ministry on Monday sold 3.46 billion lei (EUR797 million) in one-year treasury bills, more than double the planned amount, while the average yield fell slightly to 6.21% a...
Leu Weakens Vs Euro, Exchange Rate At 4.3347
Romania’s leu lost early gains versus the euro by midday Monday and the central bank’s reference weakened slightly to 4.3347 units, from 4.3322 units in the previous session.
BNR Pumps RON3.56B Into Market
Romania's central bank Monday injected 3.56 billion lei (EUR824 million) into the market in a one week repurchase agreement operation at an interest rate of 5.75% a year, equal to the moneta...
Leu Opens Up Vs Euro, Peers Lose Ground
The Romanian leu was slightly stronger versus the euro in early trade Monday, in contrast with other currencies in the region, but transferred volumes were low.