Banks-Insurance
Leu Opens Down Vs Euro, Attuned To Region
Romania’s leu retreated to 4.35 against the euro Friday morning, amid mounting woes over the sovereign debt crisis in the euro zone as investors are not persuaded the EU leaders can come wit...
IMF: Romania To Step Up EU Funds Absorption, State Companies Reform
Romania has made good progress in reaching its economic and financial indicators under a EUR3.5 billion loan agreement with the International Monetary Fund, but further reforms are needed to...
BNR Promises To Adjust Monetary Policy "Gradually"
An easing of the monetary policy is yet to be seen despite inflation falling abruptly, because of doubts over external developments, capital flows and administrated and volatile prices.
Romanians Took EUR2B Mortgage Loans Since Crisis Debut
Mortgage lending recorded another month of growth in August, with the overall volume of loans climbing at the equivalent of EUR7.3 billion, helped by funding available through the state-guar...
Romanian Central Bank Sees Inflation Within Target By Year-end
Romanian central bank estimates the annual inflation rate will fall within the 2%-4% target set for the year-end and will remain at close levels throughout 2012, deputy governor Cristian Pop...
Banca Transilvania To Buy Back 0.11% Stake
Romanian lender Banca Transilvania (TLV.RO) plans to buy back 0.11% of its shares in a program aimed to motivate employees, the bank said in a statement Thursday.
Leu Ends Flat Vs Euro In Quiet Market
Romania’s leu traded near 4.33 per euro in late session Thursday and closed flat on the day at 4.325/4.3275 units, amid a quiet market.
Raiffeisen Bank Romania Renegotiated Rents, Shaved 20%-30% Of 2008 Level
Lender Raiffeisen Bank has renegotiated the rents it pays in Romania, obtaining a 20%-30% reduction from 2008 levels, Thursday said Vladimir Kalinov, Vice-president Retail Division.
Leu Exchange Rate Hits New 15-Month Low Vs Euro At 4.3218
Romania’s leu edged lower versus the euro by mid trade Thursday and the central bank’s reference weakened to a fresh 15-month low of 4.3218 units, from 4.321 units a day earlier.