Banks-Insurance
EU Fund Management Authorities Have 45 Days To Check Refund Requests
The Romanian Government decided Thursday European fund management authorities have 45 days to check EU fund reimbursement requests to be sent to the European Commission, people close to the...
UniCredit: Romanian Central Bank Likely To Miss 2012 Inflation Target
Italy’s UniCredit estimates Romanian annual inflation rate will reach 4.5% in December 2012, outside the central bank’s target range of 2%-4%, because of a negative effect of food prices.
Romania Sells RON405M 10-Year Bonds At 7.25% Average Yield
Romania’s Finance Ministry on Thursday sold 405 million lei (EUR94.16 million) in 10-year treasury bonds, above the planned amount, while the average yield fell to 7.25% a year.
BNR To Leave Minimum Reserves Unchanged In Next Months
The Romanian central bank (BNR) will leave unchanged its minimum reserve requirements imposed on commercial lenders over the next months to fend off inflationary risks and possible pressures...
UniCredit: Romania May Draw IMF Money In 2012
Romania is likely to draw funds from its precautionary loan agreement with the International Monetary Fund in 2012 because of scarce capital inflows, while other countries in central and eas...
EBRD Invests EUR7.8M In Water Infrastructure In NW Romania
The European Bank for Reconstruction and Development Thursday said it will extend a 30 million lei (some EUR7.8 million) loan to water utility company Aqubis SA to improve water services in...
Intesa Sanpaolo Bank Romania Ups Share Capital By RON323M
Intesa Sanpaolo Bank Romania increased its share capital by 323 million lei (EUR75 million) to RON814.1 million, in a move to strengthen the bank’s position on the market, the bank said in a...
Leu Exchange Rate Hits New 2-1/2 Month High Of 4.3011 Vs Euro
Romania’s leu traded in tight ranges against the euro by midday Thursday and the central bank’s reference strengthened to 4.3011 units, a new record high since end-September.
KPMG: Romanian Banks To Face Challenges Beyond IFRS Adoption Date
The challenges faced by Romanian banks in adopting the international accounting laws will not stop with the adoption date on January 1, because the international norms are subject to continu...