Banks-Insurance
Romania To Pay VAT Refunds Worth RON1.37B In August
Romanian tax authority ANAF will pay value added tax refunds to companies worth 1.37 billion lei (EUR322 million) in August, of which RON344 million represents compensations.
Romania Sells RON700M 1-Year T-Bills At 6.3% Average Yield
Romania’s Finance Ministry on Monday sold a planned 700 million lei (EUR165 million) in one-year treasury bills, at an average yield of 6.34% a year, higher than at the previous auction.
Isarescu: BNR Won’t Mimic Hungary’s Response To Stronger Swiss Franc
Romanian central bank is not looking to impose Hungary-like measures on Swiss franc lending, despite rising interest rates, central bank’s governor Mugur Isarescu said Monday.
Popa, BNR: Lower Key Rate Inopportune
Romanian central bank will not lower its main interest rate over the next period, because a more relaxed policy would be inopportune at the moment, central bank’s deputy governor Cristian Po...
Romania Economy Vulnerable To Possible Capital Outflows, Says Isarescu
A potential outflow of foreign capital would increase Romanian economic vulnerability to a higher degree compared with the situation in 2007-2008, as the interbank market has grown deeper an...
Leu Trades At 4.2442 Vs Euro, Falls To New Low Vs Swiss Franc
Romania’s leu gained modestly versus the euro in mid trade Monday, while the central bank’s reference weakened slightly to 4.2442 units, from 4.2419 units in the previous session.
Isarescu: Romanian Economic Growth Could Top 1.5% In 2011
Romanian economy is likely to grow by more than 1.5% in 2011, fueled by good farm output, central bank governor Mugur Isarescu said Monday.
BNR Cuts 2011 Inflation Forecast To 4.6%
Romania’s central bank (BNR) Monday revised downward its inflation forecast to 4.6% from 5.1%, citing improved economic outlook and “substantial decline” of volatile prices.
Leu Loses Vs Euro In Quiet Market
The Romanian leu lost ground against the euro in early trade Monday, in a quiet market, as investors are cautiously reacting at Standard & Poor’s decision to downgrade the US rating to AA+.