Banks-Insurance
BNR Governor: Rate Cut Aimed To Reduce Inflationary Expectations
Romanian central bank’s decision to lower its key rate after 18 months of prudential approaches aims to reduce inflationary expectations and build up general confidence in the disinflation p...
SIF Moldova Requests BCR's Floating
Management at Romanian lender BCR added a new item on the shareholder meeting agenda set for November, namely talks on the floating of BCR stock, requested by regional investment fund SIF Mo...
Isarescu Says No Regrets Over Flexible Deal With Parent Banks
Romania’s flexible agreement with the parent banks of the top nine local lenders could pose some risks pertaining to capital levels, but the central bank has the means to monitor as well as...
BNR Revises Down Romania's 2010 FDI To EUR2.2B
Romania’s central bank Monday revised downward foreign direct investment data for 2010 to EUR2.22 billion, compared with EUR3.5 billion in the previous year.
Romania Sells RON1B 1-Year T-Bills At 6.6% Average Yield
Romania’s Finance Ministry on Monday sold a planned 1 billion lei (EUR229 million) in one-year treasury bills, at an average yield of 6.64% a year, lower than at the previous auction.
BCR: Romania Needs To Attract Investments In Tourism, Fix Roads, Improve Quality Of Services
Poor quality of services and infrastructure affect Romania’s ability to make more money off tourism, and the country needs to attract more foreign investments in this sector, as well as know...
Leu In Ranges Vs Euro, Exchange Rate At 4.354
Romania’s leu traded near 4.355 per euro by midday Monday and the central bank’s reference weakened slightly to 4.354 units, from 4.3497 units in the previous session.
Platinum Underwrote EUR1.2B In Contract Bond Premiums In First 9 Months Since Launch
Romanian insurer Platinum Asigurari underwrote EUR1.2 million in contract bond premiums, in the nine months since the product was launched, and expects to end the year with revenue of EUR1.6...
BNR Lends RON406.7M To Local Banks In 7-Day Repo
The Romanian central bank Monday lent 409.5 million lei (EUR94 million) to two local banks in a seven-day repurchase agreement operation at an interest rate of 6% a year, equal to the moneta...