Banks-Insurance
Rumor Mill: Bankers Whose Tenures Will Be Extended In 2012
2011 is ending with several announcements regarding the top management teams of the top two Romanian banks – BCR and BRD, as well as with rumors and speculations concerning prospective new m...
Romania Plans 15-Year Bond On Local Market, Roadshows On Foreign Markets
Romania’s Finance Ministry negotiates issuing 15-year bonds on the domestic market, while planning two road-shows for foreign investors next year, state secretary Bogdan Dragoi said Tuesday.
Leu Ends Stronger Vs Euro, Amid Market Apathy
The Romanian leu gained some ground against the euro in late trade Tuesday, after weakening earlier in the session.
Banks Rejected Over Half Of Firms Which Asked For Government Guaranteed Loans
One third of the Romanian firms allowed to take out Government guaranteed loans through the “Mihail Kogalniceanu” program signed no contract with banks in the September 9-December 9, 2011 in...
Romania Plans To Sell Up To RON16B Treasuries In 1Q 2011
Romania’s Finance Ministry plans to sell state paper worth between 14 billion lei (EUR3.2 billion) and RON16 billion in the first quarter of 2012, according to an announcement posted Tuesday...
Romania's Budget Deficit Widens To 3% Of GDP In November
Romania’s consolidated budget posted a deficit of 16.9 billion lei (EUR3.9 billion) after the first 11 months, equivalent to almost 3% of the gross domestic product, a Finance Ministry offic...
Leu Loses Edge Vs Euro, Exchange Rate At 4.2972
The Romanian leu weakened a bit against the euro mid-session Tuesday, while the central bank announced the leu’s reference at 4.2972 per euro, after the peak seen Friday.
BNR Injects RON6.7B In 8-Day Repo
Romania's central bank (BNR) Tuesday pumped 6.71 billion lei (around EUR2 billion) into the market in an eight-day repurchase agreement operation at an interest rate of 6% a year, equal to t...
BNR: Romania November Private Lending +0.8% On Month To RON224B
Romania's private lending rose 0.8% in real terms to 223.8 billion lei (EUR52.15 billion) in November from a month earlier, central bank data showed Tuesday.