Banks-Insurance
Romania Sells RON502M 9-Month T-Bills At 6.7% Average Yield
Romania’s Finance Ministry Monday sold nine-month treasury bills worth 502.3 million lei (EUR115.2 million), half the planned amount, at an average yield of 6.72% on the year.
BNR: Bank Payment Refusals Rise To RON605M In October
Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 605.17 million lei (EUR138.7 million) in October, up 36.6% on the month, central bank data showed...
Leu's Exchange Rate Hits Fresh 17-Month Low Of 4.3608 Vs Euro
Romania’s leu traded in narrow ranges against the euro by midday Monday, while the central bank’s reference weakened to a new 17-month low of 4.3608 units, from 4.3598 units in the previous...
BNR Pumps RON6.25B In 7-Day Repo
Romanian central bank Monday injected 6.246 billion lei (EUR1.43 billion) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the key mone...
Government To Approve State Budget Friday, Says Finance Minister
Romania’s Government will likely approve the 2012 state budget and social security budget on Friday and forward the bills to Parliament for adoption, Finance Minister Gheorghe Ialomitianu sa...
Ruling Coalition Amends Draft Ordinance Cutting Revenue For Local Budgets In 2012
Romania’s ruling coalition leaders decided to amend the emergency ordinance regarding funds allotted to local authorities next year, so city halls and county councils will receive more money...
BCR Lends EUR20M To TMK Artrom Slatina
Romanian lender BCR, owned by Erste Group Bank (EBS.RO), issued a EUR20 million loan for pipe maker TMK-Artrom Slatina (ART.RO).
Romanian Firm Buys Most Expensive Insurance Policy Sold Locally To Cover Damages Of EUR5B
The most expensive insurance policy brokered by Marsh, one of the major players on the Romanian insurance brokerage market, covers damages of EUR5 billion. Data show this is the most expensi...
Leu Dips Vs Euro Amid Low Volumes
Romania’s leu weakened slightly against the euro amid low volumes Friday and closed at 4.365/4.3665 units, from 4.3635/4.3645 units a day earlier.