Banks-Insurance
Georgescu, BNR: Greek Lenders Have Backup Plans For Unforeseeable Situations
Romanian subsidiaries of Greek banks benefit from “comfortable” solvency and liquidity levels and they have backup plans to deal with possible unforeseeable situations, a central bank offici...
Fitch Downgrades Banca Romaneasca To B+
Fitch Ratings Wednesday downgraded the long-term issuer default rating (IDR) of Banca Romaneasca, a subsidiary of the National Bank of Greece in Romania, following similar action taken again...
Leu Widens Loss Vs Euro, Exchange Rate At 4.129
Romania’s leu continued to retreat against the euro in mid trade Wednesday and the central bank’s reference weakened to 4.129 units, from 4.1233 units a day earlier.
Isarescu: Pension Cuts Preferable To VAT Rate Increase
Lowering the pensions would have been a better fiscal measure than increasing the value added tax rate and Romania would have emerged from recession sooner, central bank governor Mugur Isare...
Romania Central Bank Sees Rising Capital Inflows On Medium-Term
Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday.
BNR: April Private Lending Down 0.3% In Real Terms To RON204.6B
Romanian private lending fell 0.3% in real terms to 204.6 billion lei (EUR49.6 billion) in April from a month earlier, and was down 5.7% on the year, central bank data showed Wednesday.
EGI Romania To Provide EUR120M Financing For Realty Projects In 2011
Erste Group Immorent (EGI) Romania, unit of Austria’s group Erste, is negotiating total financing of EUR120 million for real estate projects this year, well above the EUR22 million financing...
Leu Down Vs Euro In Early Trade
Romania’s leu edged lower against the euro Wednesday morning, amid low volumes and a higher aversion to risk from regional investors, following talks regarding a possible restructuring of Gr...
Romania's Biggest Mutual Fund Gains EUR25,000/day From Deposits
BCR Monetar (a money market fund), the biggest mutual fund on the Romanian market managed by Erste Asset Management, posted revenue of over 107,000 lei (EUR25,500) a day since the beginning...