Banks-Insurance
Economic Growth Needs Stable Prices – Central Bank Governor
Central bank governor Mugur Isarescu on Monday said that growth cannot be achieved merely by using more money, and economic growth requires stable prices.
TMK Artrom To Contract Loans Worth A Total EUR55M
Steel pipe maker TMK Artrom Slatina (ART.RO) will contract three loans worth a total EUR55 million, from UniCredit Tiriac Bank and Banca Comerciala Romana, to refinance other loans and secur...
Finance Ministry Extends Selection Deadline For USD Bond Issue Consultant
The Finance Ministry extended until September 20 the deadline for the selection of a legal adviser for the issue of US dollar notes on international markets.
Leu Dips Vs Euro, Attuned To Region
Romania’s leu returned to losses against the euro in late trade Monday, amid a negative sentiment in the region, and closed slightly weaker on the day at 4.2465/4.249 units, from 4.2425/4.24...
BNR Sets Up Committee On Gold Reserve
The Romanian central bank will set up a working committee to analyze the structure of the country’s future gold reserves, the bank’s chief Mugur Isarescu said Monday.
Romania Sells RON1B 1-Year T-Bills; Yield Rises To 6.7%
Romania’s Finance Ministry on Monday sold a planned 1 billion lei (EUR235 million) in one-year treasury bills, at an average yield of 6.73% a year, higher than at the previous auction.
ING: Romania Likely To Accept Higher Yields At Debt Sales
The Romanian Finance Ministry is likely to accept higher yields to meet its current borrowing targets, after it failed to raise a planned 4 billion lei (EUR0.94 billion) at state auctions in...
Leu Recoups Vs Euro, Exchange Rate At 4.2429
Romania’s leu recovered early losses versus the euro by mid trade Monday, but the central bank’s reference weakened slightly to 4.2429 units, from 4.2418 units in the previous session.
Romanian Expur Gets EUR30M EBRD-Syndicated Financing
The European Bank for Reconstruction and Development (EBRD) Monday said it has extended a EUR30 million syndicated loan to Romanian oilseed processor Expur Urziceni to increase processing of...