Banks-Insurance
ING Revises Down Year-end CPI Forecast To 4.7%
ING Bank Romania Tuesday revised downward its forecast on the year-end inflation to 4.7% from 6.1% previously, following better-than-expected figures in June and the energy watchdog’s decisi...
IFC, EBRD Provide EUR73.3M To Cofinance Wind Farm In SE Romania
The European Bank for Reconstruction and Development and the IFC, the financial arm of the World Bank Group, will provide a EUR73.3 million loan to co-finance the operation of the 90 MW Pest...
Leu Exchange Rate Hits 2011 Low Vs Euro At 4.2838
Romania’s leu recovered part of its early losses against the euro by mid trade Tuesday, but the central bank’s reference weakened 1.34% to 4.2838 units, the lowest rate this year.
EBRD Eyes Minority Stake In Hidroelectrica, CEO Trihenea Says
The European Bank for Reconstruction and Development plans to buy a minority stake in state-run hydropower generator Hidroelectrica once the company is floated in Bucharest, Hidroelectrica’s...
EBRD Lends EUR110M To Hidroelectrica, For Financing Upgrades
Romanian state-owned hydropower producer Hidroelectrica signed Tuesday a EUR110 million financing contract with the European Bank for Reconstruction and Development, or EBRD, to upgrade the...
Leu Weakens Vs Euro, On Sovereign Debt Worries
The Romanian leu weakened significantly against the euro in early trade Tuesday, in line with other currencies in the region, on fears that Italy might be sucked into the euro area sovereign...
Negritoiu, ING: Monetary Policy Is Like High Blood Pressure. It Doesn’t Hurt, But Can Kill You
The Romanian central bank (BNR) has long been talking about discouraging euro-denominated loans after letting them become dominant, but is not taking concrete steps to encourage the use of l...
Hidroelectrica Borrows EUR110 Million From EBRD To Upgrade Stejaru Bicaz Plant
Hidroelectrica, Romania’s largest energy producer, took a EUR110-million loan from the European Bank for Reconstruction and Development (EBRD) for the rehabilitation of the Stejaru Bicaz pow...
What RBS Has For Sale In Romania And Why Investors Are Not Rushing In To Buy
It has long been known that UK’s RBS is not interested in doing business in Romania and it seeks to sell its local portfolio, or rather what is left of it. In fact, the UK parent bank itself...