Banks-Insurance
BNR Pumps RON524M In 5-Day Repo
Romania's central bank (BNR) Wednesday pumped 524 million lei (EUR121.3 million) into the market in a five-day repurchase agreement operation at an interest rate of 6% a year, equal to the m...
Leu Opens Flat Against Euro, In Quiet Market
The Romanian leu opened Wednesday roughly flat on the day, in a market with little to no activity.
Bankers See Leu At 4.3 Vs Euro At The End Of 2012
The Romanian leu will remain relatively stable this year, fluctuating between 4.25 to the euro and 4.35 to the euro, a slightly narrower interval than last year. However, there is also the r...
Romania Forex Reserves Rise To EUR33.2B In 2011
Romanian foreign exchange reserves rose by almost EUR1.5 billion in December, to EUR33.19 billion, following inflows from the European Commission and a third tranche of a World Bank loan, ce...
Bankruptcy Procedure To Also Apply To Reinsurers – Bill
The bankruptcy procedure will also apply to reinsurers, alongside insurance-reinsurance companies, according to a bill put forward by the Romanian Finance Ministry.
Leu Falls Vs Major Currencies In Last Trading Day Of 2011, Exchange Rate At 4.3197 Vs Euro
The Romanian leu fell against the euro Friday, in the last trading day of 2011, and the central bank set the reference rate at 4.3197 units, 0.5% weaker on the day.
Romania To Raise RCA Compensation Limits By Over 30% In 2012
The maximum limits on compensation for Romanian mandatory car insurance policies (RCA) will be raised on January 1 by 33.3%, to EUR1 million, for material damage from traffic accidents, and...
Posta Romana Seeks RON100M Credit
Romanian state-owned post office CNPR will hold an auction in February for a three-year credit line worth 100 million lei (EUR23.3 million) to finance working capital needs.
Garanti Bank Romania Gets EUR18M Capital Increase
Turkiye Garanti Bankasi added EUR18 million to the share capital of Garanti Bank, in order to support the development operations of its Romanian subsidiary.