Banks-Insurance
Vasilescu, BNR: 2015 Not A Fixed Deadline For Euro Adoption
Romanian central bank doesn’t see the year 2015 as a fixed deadline for the euro adoption, because the date might change, depending on the country’s ability to fulfill the required criteria...
OMV Petrom Contracts EUR930M Syndicated Loan
Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for ge...
Foreign Bank Subsidiaries Fight Over Romanians’ Euro Savings
Romanians’ euro savings have become more important than ever for bankers who fear they will lose support from their parent banks, so they have raised interests towards 5% a year. Ailing bank...
Analysts Calculate How Many Hundreds Of Billions Will Be Withdrawn By Euro Zone Banks
Risk premiums in the region have jumped again, local financial markets have contracted and a wave of catastrophic predictions about euro zone banks cutting their financing shook Central and...
Private Pension Regulator Council Validated By Vote Of Majority Of MPs In Attendance
The leaders of Romania's private pension system regulator (CSSPP) will be appointed by the vote of the majority of MPs present during their validation, no longer requiring the support of the...
Military Personnel Must Join Private Pension Fund Within Seven Months
Romanian military personnel, police agents and special employees of the defense and prison administration systems will be required to sign up for a private pension within seven months, with...
Leu Closes Slightly Higher Vs Euro In Quiet Market
Romania’s leu edged higher against the euro Tuesday and closed at 4.3585/4.361 units, amid low volumes.
Austria’s Central Bank Forces BCR, UniCredit and Raiffeisen To Find Their Own Financing Sources
Erste Group, UniCredit Bank Austria, and Raiffeisen Bank International-- the respective owners of Romanian lenders BCR, UniCredit Tiriac Bank and Raiffeisen Bank Romania--will only increase...
Romania Debt Collection Market Seen Rising To RON300M In 2012
Romanian receivable management market is likely to reach approximately 300 million lei (EUR68.8 million) in 2012, from around RON230 million estimated for this year, receivable management co...