Banks-Insurance
Banca Romaneasca Might Take $50M Senior Loan From IFC
Romanian lender Banca Romaneasca seeks a $50 million senior loan from the International Finance Corporation, or IFC, to credit small- and medium-sized firms for energy efficiency and renewab...
Leu Ends Stronger Vs Euro, In Line With Region
The Romanian leu closed Monday stronger against the euro, following the regional trend, in a quiet market, not influenced by comments of the International Monetary Fund at the end of the rev...
Finance Ministry To Tweak Andrei Stamatian’s Appointment At CEC Bank
The Romanian Finance Ministry called a shareholder meeting at CEC Bank to appoint Andrei Stamatian as vice-president, since the central bank rejected his appointment as first vice-president,...
BCR: Corporate NPLs To Increase On Short Term
Romanian retail non-performing loans have stabilized below 20% of the total loans, unlike the corporate sector, where the situation is set to worsen further before it can enter a downward pa...
Romania Sells RON1B 1-Year T-Bills At 6.89% Average Yield
Romania’s Finance Ministry on Monday sold a planned 1 billion lei (EUR243 million) in one-year treasury bills, at an average yield of 6.89% a year, slightly higher than at the previous aucti...
Euro Invest Bank Buys Romania’s Transilvania Capital For Undisclosed Sum
Euro Invest Bank AG has received authorization from Romania’s security commission to take over 99% in local brokerage firm Transilvania Capital, said Günter Woinar, general manager of the Au...
IMF Says Tax Cuts In Romania Not Possible On Short-Term
Romania can’t afford to reduce its main taxes in the coming years, because the measure would entail substantial spending cuts in the public system, an official of the International Monetary...
Leu Gains Vs Euro, Exchange Rate At 4.1039
The Romanian leu gained modestly versus the euro in mid session Monday and the central bank’s reference gained 0.4% to 4.1039 units, from 4.1208 units Friday.
IMF: Romania To Launch 1st International MTN Issue By Mid-Year
Romania's Finance Ministry will launch a first international bond issue of its EUR7 billion medium term notes (MTNs) program by the second half of 2011, an official of the International Mone...