Banks-Insurance
Ghetea: Authorities Must Compare Prices Of Similar EU-Funded Projects, Differences Are Sometimes Huge
Romania's EU fund management authorities and the Ministry of European Affairs should be able to look up and compare the prices of similar projects, because in some instances the difference b...
UniCredit Plans EUR100M Investment In Romania, Doesn’t Rule Out New Buys
Italy’s financial group UniCredit plans to invest over EUR100 million in 300 new branches in Romania over the next years, the group’s general manager Roberto Nicastro said Thursday.
Romanian Beneficiaries Received EUR400M Through Competitiveness Operational Program
Payments to Romanian beneficiaries of the Sector Operational Program "Increasing Economy Competitiveness" exceed EUR400 million, 14% of the program's budget, which could be contracted up to...
Romania Contracted Projects Worth EUR4.5B Through Regional Operational Program
The EU-funded projects contracted by Romania through the regional operational program (POR) by the beginning of this week are worth EUR4.5 billion and exceed the budget allotted to the progr...
Leu Sheds Gains Vs Euro, Exchange Rate At 4.3148
Romania’s leu lost early gains versus the euro by midday Thursday, but the central bank’s reference won 0.16% on the day to 4.3148 units, from 4.3217 units in the previous session.
Fitch Affirms UniCredit Tiriac Bank At ‘BBB+’, With Stable Outlook
Fitch Ratings Thursday affirmed its long-term issuer default rating on Romanian UniCredit Tiriac Bank at ‘BBB+’, with stable outlook, following the placement of Italy’s UniCredit group ratin...
Investments In Romania Continue Decline. FDI At EUR1.12B In 8 Months, Down 52% On Year
Romanian foreign direct investment, or FDI, fell 52% to EUR1.12 billion in the first eight months, from around EUR2.35 billion in the year-earlier period, the central bank said Thursday.
Romania's Current Account Gap Narrows To EUR3.3B In First 8 Months
Romania's current account deficit narrowed 19.7% to EUR3.29 billion in the first eight months, from a gap of EUR4.1 billion in the year-earlier period, due mainly to a lower trade deficit an...
Business Vs BNR: Lower Rates Needed To Boost Consumption
Lower interest rates would allow the government to borrow cheaper and implicitly help the economy, but the Romanian central bank (BNR) is more preoccupied with protecting the leu rather than...