Banks-Insurance
Attracted By High Yields, Foreign Investors Now Hold Over 15% Of Leu-Denominated Paper
Foreign investors, mostly corporate entities, owned leu-denominated state paper worth nearly 9.2 billion lei (EUR2.2 billion), accounting for around 15% of the market volume.
TMK-Artrom Slatina Borrows EUR20M For Working Capital From VTB Bank Austria
Romania’s TMK-Artrom Slatina (ART.RO), controlled by Russian steel pipe maker TMK, Thursday said it will borrow EUR20 million from VTB Bank Austria to finance working capital and repay some...
Leu Closes Slightly Up Vs Euro In Quiet Market
Romania’s leu gained modestly versus the euro Thursday, tracking the currencies in the region, and closed 0.2% stronger on the day at 4.2025/4.204 units.
Romania Sells 3-Year Bonds Worth Of RON703M; Yield Falls To 7.1%
Romania’s Finance Ministry on Thursday sold 702.8 million lei (EUR166.9 million) in three-year bonds, above the planned amount, at an average yield of 7.09% a year.
Online Payments In Romania Up 18% In 1H, To EUR80.5M
E-commerce using online card payments in Romania has grown 18% in the first half of the year, from the same period a year ago, to EUR80.5 million, and the number of processed transactions in...
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.2087
Romania’s leu traded in ranges against the euro in mid session Thursday and the central bank’s reference weakened slightly to 4.2087 units, from 4.2022 units a day earlier.
BCR Provides EUR31M Loan To Prio Extractie
Romanian top lender Banca Comerciala Romana, or BCR, provided a loan of EUR31 million to edible oil processor Prio Extractie to co-finance the latter’s working capital, BCR said in a stateme...
Fitch Ups Brasov, Oradea Ratings; Puts Bucharest On Positive Watch
Fitch Ratings upgraded the Romanian cities of Brasov and Oradea's long-term foreign currency ratings to 'BBB-' from 'BB+', with stable outlooks, the agency said in a statement Thursday.
Leu Opens Stronger Vs Euro, On Reduced Activity
The Romanian leu opened Thursday slightly stronger against the euro, in line with other currencies in the region, but activity in the market was reduced.