Banks-Insurance
Leu Ends Down Vs Euro, On Low Volumes
The Romanian leu closed slightly down against the euro Friday, on low traded volumes, while dealers suspecting corporate euro purchases aimed at repatriating profit.
Mandatory Private Pension Funds’ Profit Fell 72% In 2011 To RON108.4M
Romanian mandatory private pension funds (Pillar II) posted a cumulated profit of 108.4 million lei (EUR24.9 million) in 2011, down 72% on the year, due to the reduction of the weighted aver...
Leu Dips Vs Euro, Exchange Rate At 4.3434
The Romanian leu stayed on a downward trend in the first part of Friday session, and the central bank announced an exchange rate of 4.3434 per euro, about 0.1% weaker on the day.
Banks And Insolvency Firms Bring Foreclosed Properties Valued At EUR36M Under The Hammer
Bankers and insolvency firms’ agenda for the coming month includes auctions for foreclosed properties appraised at EUR36 million, reveals a ZF survey of the ads published by the top ten bank...
Analysts Welcome BNR’s Rate Cut But Say More Needs To Be Done
Analysts welcome Romania’s central bank (BNR) decision to cut the main interest from 6% to 5.75%, considering the downward trend of inflation and the risks about an economic growth slowdown...
BNR's Key Rate Cut Will Not Be Transmitted In Lending - Analysts
The rate cut announced Thursday by Romania’s central bank will not be felt in the loan interest rates applied by banks, since the measure does not improve liquidity in the system and the mar...
Leu Ends Down Vs Euro, In Line With Peers
The Romanian leu closed Thursday on a weakening trend against the euro, following the other currencies in the region, on increased risk aversion.
Industrial Property Taxes 20% Higher Starting January 1, 2012
Industrial property taxes in Romania are 20% higher staring January 1, 2012, as the Government failed to postpone the tax increase in time.
Romania Sells RON1.48B 2-Year Bonds At 6.87% Average Yield
Romania’s Finance Ministry on Thursday sold two-year bonds worth 1.48 billion lei (EUR342 million), double the planned amount, in the first debt sale of the year, at an yield slightly lower...