Banks-Insurance
Private Pension Funds' Net Assets Up 2.2% In September, To RON6.2B
The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) reached 6.2 billion lei (about EUR1.4 billion) at the end of September, up 2....
Romania Sells RON800M 2-Year Bonds At 7.4% Average Yield
Romania’s Finance Ministry on Monday sold a planned 800 million lei (EUR184 million) in two-year bonds, at an average yield of 7.4% a year.
E&Y: Romania's New Clawback Mechanism Breaches Taxation Principles
The current clawback mechanism applied by Romania to pharmaceutical companies seems to apply inclusively for the value added tax collected on medicine sales, which breaches the taxation prin...
UniCredit: Romanian Banking Profitability To Continue Decline
Romanian banking profitability is likely to continue its decline through 2011, due to increasingly high costs, while the small, less specialized banks could even shut their doors, the head o...
CSSPP: Romanian Private Pension Funds Do Not Have Exposure To Greek Issuers
Romanian mandatory and voluntary private pension funds (Pillar II and III) do not have direct exposure to any investment instrument issued by institutions in Greece, said Mircea Oancea, pres...
Leu Down Vs Euro, Exchange Rate At 4.3329
Romania’s leu edged lower against the euro in mid trade Monday and the central bank’s reference weakened 0.2% to 4.3329 units, from 4.3233 units in the previous session.
BNR Lends RON1.1B To Local Banks
Romanian central bank Monday lent 1.09 billion lei (EUR254.4 million) to two local banks in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the monet...
Government Delays Budget Again, Freezing Business People’s Plans
The state budget, the most important act of a fiscal year, has not been completed within the legally allotted deadline, October 15, and will reach the Parliament late, again. As a result of...
Foreign-Held Banks Added EUR1B Fresh Capital Since Crisis Debut
Foreign banks contributed 850 million lei (EUR200 million) to the local subsidiaries’ capital and announced up to EUR360 million capital injections, to be done in part by the end of 2011. Th...