Banks-Insurance
Romania Unlikely To Reach 2011 Budget Deficit Target - BRD
Romania’s recently adopted laws which aim at structural reforms are likely to improve long-term sustainability of public finances, but their short-term effect will probably be insufficient t...
Garanti Bank Romania Swings To Profit In First Quarter
Garanti Bank Romania on Wednesday said it switched to a net profit of EUR2.4 million in the first quarter, from losses in the same period a year earlier.
BRD: Romania To Borrow EUR1.8B Via MTN Program in 2011
Romania's Finance Ministry will likely sell debt worth EUR1.8 billion via its planned medium term notes program in 2011, while the country’s full-year financing needs are estimated at around...
Leu Ends Flat Vs Euro In Quiet Market
Romania’s leu lost early gains versus the euro in late trade Wednesday, amid a quiet market, and closed flat on the day at 4.087/4.09 units.
Ernst&Young: Romania M&A Market At EUR270M In 1Q
Romanian mergers and acquisitions market reached EUR270 million in the first quarter, while total transactions stood at 46, according to Ernst&Young data.
Renaissance: Romania To Become One Of Europe’s Safest Credits
Romania is poised to become one of the safest credits in Europe, due to its modest foreign debt, a low current account deficit and undergoing economic reforms, a report from Renaissance Capi...
Leu Trades In Ranges Vs Euro, Exchange Rate At 4.0842
Romania’s leu traded in ranges against the euro in mid session Wednesday and the central bank’s reference strengthened modestly to 4.0842 units, from 4.0885 units a day earlier.
Overnight Deposits At BNR Rise To RON34.6B In April
Overnight deposits at Romania’s central bank BNR reached a combined amount of 34.6 billion lei (EUR8.46 billion) in April, more than double on the month, central bank data showed Wednesday.
Low Consumption Daunts Private Equity Activity In Romania
Private equity and venture capital funds will keep discrete their presence in Romania this year, because of low consumption, which is set to recover only towards the end of the year, Wednesd...