Banks-Insurance
Fondul Proprietatea Posts RON543M Net Profit In 1H
Investment fund Fondul Proprietatea (FP.RO) posted a net profit of 543.1 million lei (EUR) in the first half of the year, compared to RON217.5 million, the bulk of earnings coming from divid...
Leu Firms Vs Euro In Quiet Market
Romania’s leu strengthened against the euro Friday, tracking the currencies in the region, and closed 0.16% higher on the day amid low volumes.
Leu Recoups Losses Vs Euro, Exchange Rate At 4.2717
The leu recovered early losses versus the euro by mid-trade Friday and the central bank’s reference strengthened to 4.2717 units, from 4.2778 units a day earlier.
Isarescu: Interest Rates On Leu Loans Likely To Fall
Romanian lenders continue to charge high interest rates on leu-denominated loans, well above the central bank’s key rate of 6.25%, but the fees are likely to come down in the following perio...
Isarescu: Good Farm Output Could Slow Inflation Below 4% In September
The inflation could benefit from a good agricultural year and ease to below 4% in September, central bank governor Mugur Isarescu said Friday.
Leu Falls Vs Euro In Early Trade
Romanian leu edged lower against the euro Friday morning, in line with the currencies in the region as investors wait for the results of the latest stress tests of European banks.
Foreign Investments Down 23% On Year To EUR799M In January-May
Foreign direct investment, or FDI, fell to EUR799 million in January to May, down 23.3% on the year, preliminary central bank data showed Friday.
BNR: Jan-May Current Account Gap Narrows To EUR1.8B
The current account deficit narrowed 37.7% to EUR1.8 billion in the first five months, from a gap of EUR2.9 billion in the year-earlier month, due to lower trade deficit and higher transfer...
Swiss Franc Might Climb To RON3.9
Those who now regret that they took out a loan in Swiss francs, as the franc is now 75% stronger against the leu compared with 2007-2008, at around RON3.7, should prepare for worse. Foreign...