Banks-Insurance
IMF’s Franks: BNR Could Tighten Monetary Policy As Inflation Stays High
Romania’s central bank BNR might tighten the monetary policy in the coming months as the inflation will stay between 8% and 8.5% until July, Tuesday said Jeffrey Franks, chief of the Interna...
Romania Applies To EIB For CO2 Storage Projects Funding
Romania submitted Monday with the European Investment Bank the literature of two demonstrative carbon dioxide storage projects, in a bid to secure non-refundable EU money.
Leu Gains 0.4% Vs Euro, Exchange Rate At 4.0885
The Romanian leu extended early gains against the euro in mid-session Tuesday, and the central bank's reference strenghtened to 4.0885 units, from 4.1039 units in the previous day.
Romania To Launch 1st International MTN Issue Before July
Romanian Finance Ministry will launch a first international bond issue of its EUR7 billion medium term notes (MTNs) program before July, followed by another issue in the second half of 2011,...
Leu Gains Vs Euro In Early Trade, Unfazed By Inflation Data
The Romanian leu opened flat against the euro Tuesday and further gained ground on average traded volumes, and dealers said its evolution wasn't affected by the publication of consumer price...
INS: Romania's Inflation Hits 32-Month High In April At 8.34%
Romanian consumer prices rose 0.66% in April from a month earlier, while the annual inflation accelerated to 8.34%, the highest level since July 2008, the country’s statistics institute INS...
INS: Romania's 1Q Trade Gap Narrows To EUR1.4B
Romania’s trade deficit narrowed to EUR1.4 billion in the first quarter, from EUR2 billion in the year-earlier period, the country’s statistics institute INS said Tuesday.
BNR Rejects Two Vice-president Nominations Made By Ruling PD-L Party At CEC
The Finance Ministry controlled by PD-L (Democratic Liberal Party) has brought CEC into the undesirable situation of the central bank BNR rejecting two managers nominated by the shareholder.
Lending Revival: BCR Collects 75,000 Consumer Loan Applications In 6 Weeks
BCR, the biggest bank on the Romanian market, has seen daily applications for consumer loans double in the six weeks since launching a campaign to promote leu-denominated funding with a fixe...