Banks-Insurance
CEC Bank’s Head To Resume Capital Hike Procedures - Romanian FinMin
Romanian government have authorized the head of state-run CEC Bank to resume procedures for a capital increase at the bank, despite past opposition from the European Commission regarding the...
Romania Will See More Reorganizations Than Bankruptcies In 2012 - Liquidator
Insolvency claims by companies will continue in 2012, but judicial reorganizations will outweigh bankruptcies, Tuesday said Rudolf Paul Vizental, senior partner within liquidator Casa de Ins...
Leu Loses 0.5% Vs Euro, Exchange Rate At 4.3529
Romania’s leu extended earlier losses against the euro by midday Tuesday, amid a negative sentiment in the region, and the central bank’s reference weakened almost 0.5% on the day to 4.3529...
EBRD Slashes Romania’s GDP Growth Forecast To 1.1% In 2012
The European Bank for Reconstruction and Development cut the economic growth forecast for Romania, in 2012, by 2.7 percentage points, to 1.1%, citing the high exposure to the Greek economy.
Bank Debtor Profile: Bucharest Male, 30-34, Holder Of A Leu Loan
A typical debtor to a bank is male, aged 30 to 34 years, lives in Bucharest and holds a loan in lei, according to data from the Credit Bureau, the institution that collections information on...
Erste: Romania Is More Resilient To Crisis Shockwave Than In 2008
Romania has become more resilient to a shock coming from the euro zone than in 2008, when the collapse of Lehman Brothers and the onset of the crisis threw the local economy into recession.
Romania To Tap Foreign Debt Markets For A Second Time In 2011
Romania’s Finance Ministry plans to tap the international bond markets for a second time in 2011, following a successful EUR1.5 billion Eurobond launched in June.
Erste: Romania Private Consumption To Grow 1.7% In 2012
Romanian private consumption is likely to grow 1.7% in 2012, backed by stable savings levels and a low inflation, according to estimates of Juraj Kotian, analyst with Austria’s Erste Bank AG...
Romanian Leu Dips Vs Euro Amid Low Volumes
Romanian leu weakened slightly against the euro Monday, amid low volumes, and closed at 4.3305/4.3325 units, from 4.3275/4.33 units in the previous session.