Banks-Insurance
Leu Closes Below 4.35 Vs Euro Amid Low Volumes
Romania’s leu traded below 4.35 per euro in late session Friday, amid low volumes, and closed slightly stronger on the day, with dealers suspecting new interventions from the central bank to...
Romanian Leu Gains Modestly Vs Euro, Exchange Rate At 4.3479
Romania’s leu edged higher against the euro by midday Friday and the central bank’s reference strengthened modestly to 4.3479 units, from 4.353 units a day earlier.
Allianz’s Underwritten General Insurance Premiums In Romania Down 18.8% In Jan-Sept
The gross premiums German insurer Allianz underwrote in Romania on the general insurance segment dropped 18.8% in the first nine months of the year to EUR142 million, due to lower insurance...
Leu Opens Flat Vs Euro, On Low Volumes
The Romanian leu opened Friday roughly flat against the euro, on low traded volumes, while dealers don't rule out a new intervention from the central bank if the local currency enters a down...
The Bridge Bank, An Invention That Could See The Government Spend Money To Save Failed Banks
The bridge bank – the latest concept of financial institution to be launched on the Romanian market – is a lending institution that could appear on the market when the National Bank of Roman...
Avicola Buzau To Take RON15.6M Loan From Eximbank
Shareholders of poultry meat producer Avicola Buzau (AVZU.RO) allowed the company to take out a 15.6 million lei (EUR3.6 million) loan from Eximbank, to use as working capital and to refinan...
Romania Taps US Debt Market For Up To $2 Billion
Romania will offer up to $2 billion of medium-term bonds in a US debt sale scheduled for the end of November, the second international auction this year and the first dollar-denominated bond...
Thermal Power Producer Rovinari Seeks EUR34M Loan For Eco-Investments
Romanian state-owned thermal power producer Rovinari will take out a RON148 million loan (EUR34 million) for desulphurization works, company general manager Tiberiu Trotea told MEDIAFAX.
Leu Ends Flat Vs Euro On Suspected Ctrl Bank Intervention
The Romanian leu closed Thursday slightly stronger against the euro, while dealers suspect the central bank was present throughout the day in the market with indirect euro sales meant to mai...