Banks-Insurance
UniCredit: No Need For Full Ownership At Romanian Unit
Italian lender UniCredit is not planning any changes in the shareholding structure at UniCredit Tiriac Bank, where Romanian businessman Ion Tiriac holds 45%, UniCredit general manager Robert...
Leu Dips Vs Euro In Quiet Market
Romania’s leu weakened modestly against the euro Monday and closed near 4.14 units, amid a quiet market.
Romania Sells RON1.2B 1-Year T-Bills At 6.6% Average Yield
Romania’s Finance Ministry on Monday sold a planned 1.2 billion lei (EUR290 million) in one-year treasury bills, at an average yield of 6.61% a year, lower than at the previous auction.
Groupama Romania Appoints New HR Manager
Insurer Groupama Romania appointed Gabriel Chirvase as human resources manager, after Monica Marchis was promoted as director of International HR Coordination within the French insurance gro...
Leu Down Vs Euro, Exchange Rate At 4.1344
Romania’s leu lost early gains versus the euro in mid trade Monday and the central bank’s reference weakened slightly to 4.1344 units, from 4.1298 units in the previous session.
Leu Opens Up Vs Euro, Volumes Stay Down
Romania’s leu edged higher against the euro in early trade Monday, tracking the currencies in the region, whereas volumes remained low.
Vasilescu, BNR: Banks Aren't Leaving, Shareholders Might
The central bank has no knowledge about any foreign lender that wants to abandon operations on the Romanian market, Adrian Vasilescu, adviser to central bank governor said Sunday, dismissing...
Eximbank Boss Advises Companies To Look Beyond EU
Romanian companies have a number of opportunities to “dilute” reliance on exports to Western European markets. Several projects on the North African and Middle Eastern markets (especially Ir...
Citi: Leu Propped Up By Financial Investments
The inflows of foreign capital on the Romanian market that led to the recent appreciation of the leu are the result of some financial investments based on yield and risk assessments compared...