Banks-Insurance
Leu Weakens Vs Euro On Growing FX Demand
Romania’s leu retreated against the euro in late trade Monday and closed over 0.2% weaker on the day at 4.3585/4.36 units, amid higher demand for foreign currency.
Romania Sells RON2.38B 1-Year T-Bills At 6.23% Average Yield
Romania’s Finance Ministry on Monday sold 2.38 billion lei (EUR546 million) in one-year treasury bills, almost double the planned amount, at an average yield of 6.23% a year, lower than at t...
Leu Exchange Rate Hits 5-Week Low Of 4.3532 Vs Euro
Romania’s leu traded in ranges against the euro by midday Monday, but the central bank’s reference lost 0.2% to 4.3532 units, the weakest rate in five weeks.
Regina Maria Names New CEO: Ionut Patrahau, Former Deputy GM At Banca Transilvania
Romanian private healthcare service provider Regina Maria named Ionut Patrahau, former deputy general manager of Banca Transilvania (TLV.RO), as its new chief executive officer.
Volksbank Romania Ups Share Capital By RON363M
Volksbank Romania, the local unit of Austria’s Volksbank AG, will increase its share capital by 362.8 million lei (EUR84 million) to RON903.15 million, the lender said Monday.
BNR Injects RON3.35B Into Market In 7-Day Repo
Romania's central bank (BNR) Monday injected 3.35 billion lei (EUR770 million) into the market in a one week repurchase agreement operation at an interest rate of 5.75% a year, equal to the...
Leu Opens Up Vs Euro In Quiet Market
Romania’s leu opened slightly higher against the euro Monday morning, tracking regional markets, and traded in narrow ranges in the first part of the session, amid a quiet market.
Germany’s Gothaer Seeks To Buy Romanian Insurer
German insurer Gothaer, an about EUR4 billion business, is in talks to buy Platinum, a small company owned by former Omniasig chairman Constantin Toma, insurance market sources say. Constant...
Baneasa Shopping City Collects EUR1.5M Per Month From 200 Stores
Baneasa Shopping City, the mall in northern Bucharest controlled by Romanian businessman Gabriel Popoviciu, collects some EUR1.5 million per month from rents out of 200 retail spaces, revenu...