Banks-Insurance
Boc: EU Funds Paid To Romania By End-2011 Amount To Only EUR700M
The funds disbursed to Romania by the European Commission by the end of last year amounted to only EUR700 million, and the country stands to lose EU money unless it increases the fund absorp...
Leu Exchange Rate At 4.3398 Vs Euro, Weakest In 3 Weeks
The Romanian leu weakened against the euro in mid-trade Thursday, mainly due to the depreciation of the euro against the US dollar, and the central bank's exchange rate lost 0.4% to 4.3398 u...
Romania Central Bank Cuts Key Rate By 25 BPs To 5.75%
Romania’s central bank Thursday lowered its main interest rate by 25 basis points to 5.75% a year, the second cut in a row, in a move to boost bank lending and support economic recovery.
Leu Opens Weaker Vs Euro, In Apathetic Market
The leu opened Thursday weaker against the euro, on low traded volumes, as euro purchase orders placed by banks maintained the leu on a weakening pattern.
ATM Cash Withdrawals Were 20% Higher In The Run-Up To Christmas
Cash withdrawals from ATM machines ahead of the holidays indicate a rebound of consumption.
Leu Ends Flat Vs Euro On Average Traded Volumes
The Romanian leu closed flat against the euro Wednesday, on moderate traded volumes, while other currencies in the region were losing ground.
Government Extends Measure Cutting Salaries Of State-Owned Company Managers
The Romanian Government decided to extend in 2012 a measure cutting the salaries of state-owned company managers to 4,800 lei (EUR1,110) from RON20,000-RON28,000 (EUR4,628-EUR6,478), Governm...
Finance Ministry Has More Than EUR12B To Roll Over In 2012
A EUR700 million eurobond, almost EUR800 million worth of bonds issued on the domestic market, as well as the first larger installment on the giant loan from the International Monetary Fund...
Leu Slides Vs Euro, Exchange Rate At 4.3219
The Romanian leu traded above 4.32 per euro in the first part of Wednesday session, in the first trading day of 2012, and the central bank announced an indicative rate of 4.3219 units, sligh...