Banks-Insurance
Danila, BNR: Banks Need To Attract Long-Term Deposits, But Interest Gains Will Diminish
Over the economic boom period, lending was supported by funds attracted by Romanian banks from their foreign shareholders, but strategies have changed during the crisis and many groups are n...
EximBank 3-Year Dividends To Be Paid To State Budget
Romania's Government has decided to transfer the state's stock in EximBank from under the management of the State Privatization Authority (AVAS) to that of the Ministry of Finance and the ea...
Leu Closes Weaker Vs Euro, Hits New 15-Month Lows
The Romanian leu continued to weaken in late trade Friday, reaching a low of 4.375 against the euro, but it started to recover slightly towards the end of the session, prompting dealers to s...
Romania Plans To Sell RON4.2B Treasuries In October
Romania’s Finance Ministry plans to sell state paper worth 4.2 billion lei (roughly EUR965 million) in October, up from RON3.13 billion sold a month earlier, ministry data showed Friday.
EBRD Extends EUR13.4M Loan To Improve Water Infrastructure In Dambovita County
The European Bank for Reconstruction and Development will extend a loan of EUR13.4 million equivalent to Romanian Compania de Apa Targoviste-Dambovita to upgrade and expand its water service...
SIF Banat-Crisana Calls Shareholder To Vote On BCR Stake Sale
The managing board of regional investment fund SIF Banat-Crisana (SIF1.RO) called a shareholder meeting for November 3, to discuss options for the stake held in lender BCR, at the beckoning...
Leu Exchange Rate Slides Further To 4.3533 Vs Euro
Romania’s leu traded near 4.35 per euro by midday Friday and the central bank’s reference fell 0.7% on the day to a fresh 15-month low of 4.3533 units.
IMF To Halve Romania’s 2012 GDP Growth Forecast On European Worries
The International Monetary Fund is likely to revise down its growth forecast on Romanian economy to around 2% in 2012, from 3.5% presently, due to deteriorating conditions in European market...
IMF: Political Pressures Could Weaken Romania Reform Process
The pace of reforms in Romania has slowed down in the last three months, particularly regarding the privatization of state-owned companies, and the International Monetary Fund is concerned t...