Banks-Insurance
Romania Sells RON900 1-Year T-Bills At 6.2% Average Yield
Romania’s Finance Ministry on Monday sold a planned 900 million lei (EUR210.8 million) in one-year treasury bills, at an average yield of 6.18% a year, little changed from the previous aucti...
Leu Dips Vs Euro In Quiet Trade
Romania’s leu traded in ranges against the euro in late session Monday and closed barely weaker on the day, amid a quiet market.
BCR: Agriculture’s Contribution To Romanian GDP Growth Seen At 0.3% In 2011
The Romanian agriculture had a small contribution to the country’s economic growth over the past ten years, compared to its share in the gross domestic product, and might contribute 0,3% to...
PAID Sold 724,000 Mandatory Home Insurance Policies In 12 Months
Romanian insurer PAID sold 723,735 mandatory home insurance policies from July 15, 2010 until Friday, for 8.63% of the homes in the country, way below expectations, and paid damages for 16 c...
Leu’s Rate Firms To 4.2685 Vs Euro, Falls To Fresh Low Vs Swiss Franc
Romania’s leu recovered early losses against the euro by mid trade Monday and the central bank’s reference strengthened slightly to 4.2685 units, from 4.2717 units in the previous session.
Private Pension Fund Net Assets Up 58% In 1H, To RON5.76B
The net assets held by Romanian private pension funds increased 58% in the first half of the year compared to the same period of 2010, and by 23.5% compared to the end of 2010, to 5.76 billi...
Leu Weakens Vs Euro, Peers See Sharper Decline
The Romanian leu opened Monday slightly weaker against the euro, but its decline was reduced compared to that of other currencies in the region, following the stress testing of banks.
Renaissance Head: We Can Consider Petrom Offering Successful If It Makes Front Page News In FT
Stephen Jennings, who runs Renaissance Capital, Russia’s largest investment bank and the lead manager of the OMV Petrom (SNP.RO) offering, Saturday said that for him the success of the deal...
Government To Revise 2011 Budget In August, After Negotiations With IMF
Romania's Government will revise the 2011 budget in the first half of August, after the second International Monetary Fund review of a precautionary agreement signed in March, people close t...