Banks-Insurance
BNR Lends RON1.14B To 3 Local Banks
The Romanian central bank Monday lent 1.14 billion lei (EUR262 million) to three local banks in a seven-day repurchase agreement operation at an interest rate of 6% a year, equal to the mone...
Oresa Ventures Takes Over RTC Proffice Experience From RTC
Swedish private equity firm Oresa Ventures has taken over office supplies distributor RTC Proffice Experience, part of the RTC group, which is owned by businessman Octavian Radu.
Romania Sells RON1.39M 6-Month Bills At 6.5% Average Yield
Romania’s Finance Ministry on Monday sold six-month treasury bills worth 1.39 billion lei (EUR317 million), above the planned amount, at an average yield of 6.51% a year, lower than at the p...
CEC Attacks The Market Of Leu-Denominated Mortgage Loans With 5.97% Interest
State-held CEC Bank is selling until January 15 2012 leu-denominated mortgage loans with a fixed interest of 5.97% in the first year, after which it charges a margin of just 1.75 percent abo...
Leu Slightly Up Vs Euro, Exchange Rate At 4.3448
The Romanian leu kept early gains versus the euro Monday, and the central bank computed an exchange rate of 4.3448 units, slightly stronger from 4.3479 units in the previous session.
Astra 9-Month Underwritten Premiums Up 3.5%, To RON870.4M
Romanian insurer Astra underwrote premiums of 870.44 million lei (about EUR200 million) in the first nine months of the year, up 3.5% from the same period last year, and its net profit more...
Leu Up Vs Euro In Early Trade, In Line With Region
The Romanian leu inched higher against the euro in early trade Monday, on a positive sentiment in the region, as the formation of new governments in Greece and Italy renewed hopes of new sol...
Government Cuts Education Budget, Allots More To Presidency, Intel Services In 2012
Romania's Government will reduce the budgets of half of the country’s ministries next year, including Education, Culture, Agriculture and Justice, as well as the budget of the Parliament, bu...
Romania To Raise Capital Of SME Loan Guarantee Fund By RON250M In 2012
The capital of Romania's National SME Loan Guarantee Fund will be raised by 250 million lei (EUR57.5 million) in 2012, according to Prime Minister Emil Boc.