Banks-Insurance
Romanian Leu In Ranges Vs Euro, Exchange Rate At 4.3588
The Romanian leu traded just shy of 4.36 per euro in mid-session Tuesday and the central bank’s reference strengthened modestly to 4.3588 units, from a 17-month low of 4.3608 units a day ear...
EOS KSI: One Third Of Romanian Companies Have Cash Flow Problems
Nearly one third of Romanian companies have cash flow problems due to unpaid receivables or payment delays and have to write off approximately 5% of the issued invoices, according to a surve...
Leu Strengthens Versus Euro In Early Trade, In Line With Region
The leu opened Tuesday nearly flat against the euro, but it soon started to strengthen, in line with other currencies in the region.
Consumer Finance Company Cetelem Sales Up 25% In Nine Months
Cetelem, the largest consumer finance company on the market, controlled by French group BNP Paribas, sold 25% more new loans in the first nine months of 2011 compared with the corresponding...
Consequences Of Romania’s Failure To Borrow Money From The US Market
The pressure on leu interests will go up again and the government will remain trapped in short-term funding on the local market. In a worst case scenario, Romania might end up borrowing mone...
Insurer Ardaf Posts Loss Of RON22.36M In 9-Mos
Romanian insurer Ardaf posted losses of 22.36 million lei (EUR5.3 million) in the first nine months, with a loss of RON30.46 million in the third quarter.
Ropharma Borrows EUR2M To Finance Investments
Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) will borrow up to EUR2 million from ING Bank to finance investments, the company said in a statement Monday.
Leu Ends Flat Vs Euro On Low Volumes
Romania’s leu moved in a tight range against the euro Monday and closed flat on the day at 4.364/4.365 units, amid low volumes.
Radu Mustatea To Step Down As Head Of Insurer Astra Asigurari
Radu Mustatea will step down as Chairman of the Board of Romanian insurer Astra Asigurari, at the end of his term, to pursue his own projects, the company said in a press release Monday.