Banks-Insurance
IMF: Romania Central Bank Should Keep Reserve Requirements Unchanged
Romania's central bank should not lower its minimum reserve requirements imposed on commercial lenders in the following period to make sure it has sufficient buffer against potential difficu...
ARB Head: Banks To Lower Interest Rates On Leu-Denominated Facilities In 2012
Romanian banks are likely to reduce interest rates on both deposits and loans in local currency in 2012, the head of the country’s banks association ARB said Tuesday.
Romania To Raise Public Procurement Thresholds For Contracts Awarded Through Calls For Tender
The maximum value of a procurement contract Romanian public authorities may award through calls for tender will be raised starting January 1, 2012.
Boc: Government To Cut Workforce Costs At Optimum Time, Keep VAT At 2011 Level
The Romanian Government will analyze the feasibility of reducing workforce costs only after it makes sure the country achieved macroeconomic stability, Prime Minister Emil Boc said Tuesday.
Leu Exchange Rate Firms To New 2-Month High Of 4.3125 Vs Euro
Romania’s leu lost its earlier gains versus the euro by midday Tuesday, but the central bank’s reference strengthened slightly to 4.3125 units, a new record high in the past two months.
BRD Boss: 2012 Will Resemble 2011, Economy Remains Sluggish
2012 will be another difficult year, it will probably resemble 2011 and will not bring any spectacular developments, said Guy Poupet, chairman of BRD-SocGen, the second largest bank on the m...
Leu Firms Vs Euro On Higher Workers’ Remittances
The leu advanced against the euro Monday and closed over 0.5% stronger on the day at 4.312/4.3145 units, supported by rising remittances from Romanians who work abroad.
Omniasig Valued At EUR230M Before Merger With BCR Asigurari
Romanian insurer Omniasig has been valued at 996.22 million lei (about EUR230 million) before merger with BCR Asigurari, the absorbing company, according to the merger plan published in the...
Romania Sells RON1.7B 1-Year T-Bills At 6.55% Average Yield
Romania’s Finance Ministry on Monday sold 1.71 billion lei (EUR397 million) in one-year treasury bills, above the planned amount, at an average yield of 6.55% a year, lower than at the previ...