Banks-Insurance
Fitch Affirms Romania’s Brasov At ‘BB+’, Citing Improved Financials
Fitch Ratings Wednesday affirmed at ‘BB+’ its long-term foreign currency rating on Romanian central city of Brasov, with stable outlook, citing improved budgetary performance and restored fi...
Fitch Affirms Oradea At ‘BB+’; Outlook Stable
Fitch Ratings on Wednesday affirmed the Romanian city of Oradea's (Oradea) long-term foreign currency rating at 'BB+', long-term local currency rating at 'BBB-' and short-term foreign curren...
Leu Opens Flat Vs Euro, Amid Dull Trading
The Romanian leu opened almost flat against the euro Wednesday, in sync with other currencies in the region, while volumes remained low and fluctuations minor.
Managers Reluctant To Hire, Despite Sentiment Boost - Survey
Romania’s outlook seems to be stabilizing, based on improved economic sentiment regarding the economy, payment terms and capital expenditure plans, but confidence is very low and employment...
Treasury Pressures Banks To Borrow On Longer-Term In Lei
The Treasury is seeking to borrow on the longer term in lei in June, breaking with the tradition of putting up for sale six-month certificates, one of the most sought-after investments.
Crisis Fallout In Banking: Four Foreign Groups Want To Sell Their Romania Operations
Four banks operating in Romania, one accounting for over 5% of the market, are waiting for investors to buy them in 2012-2013 at the latest, according to the official announcements made by t...
Garanti Bank Romania Seeks EUR22.5M Credit From IFC
Garanti Bank Romania plans to contract financing worth up to EUR22.5 million from the International Finance Corporation, a World Bank offshoot, to credit small and medium sized companies.
Romanians Paid Over RON46M In Taxes Using Bank Cards In Jan-Apr
Romanians paid over 46 million lei (EUR11 million) in taxes online and using bank cards at POSs in the first four months of the year, in 140,000 transactions, as the number of local authorit...
Leu Partly Loses Gains Vs Euro, Exchange Rate Flat At 4.1208
Romania’s leu lost part of its early gains versus the euro in mid trade Tuesday, while the central bank’s reference rate was virtually unchanged at 4.1208 units.