Banks-Insurance
Social Security Contributions Won't Be Cut, GDP Growth Revised Down For 2012
The International Monetary Fund and the Romanian Government are today presenting the results of the first review of the new precautionary arrangement, after last week the two parties had yet...
Isarescu’s New Dilemma: How Much Can the Euro Slide Without Attracting Speculators Again
The Romanian central bank BNR is no longer thinking favorably about leu's strengthening further, after it gained some 4% since the start of the year. The rising leu is attracting portfolio i...
Bankers Reluctant to Lower Profit Margins
Bankers' messages of intensifying their battle to attract clients are still very little reflected in interest margins - the spreads between interests charged by banks on loans and those paid...
Romania Should Switch To ESA95 Reporting Procedures - President
Romanian and the IMF strongly maintain that the budget deficit for 2010 was computed accurately, President Traian Basescu said Saturday, adding that Romanian authorities are open to implemen...
Emporiki Bank Romania 1Q Revenue Rise 30% To EUR3.7M
Emporiki Bank Romania posted a 30% increase in revenues to EUR3.76 million in the first quarter, from EUR2.9 million in the same period a year earlier, the mother company, Emporiki Bank of G...
Leu Recoups Vs Euro Amid Positive Sentiment
Romania’s leu recovered earlier losses against the euro in late trade Friday, amid a positive sentiment in the region, and closed nearly flat at 4.113/4.1155 units, from 4.1115/4.1135 units...
BNR: March Overdue Loan Payments Up 63% On Year To RON16.4B
Overdue payments on loans worth at least 20,000 lei (EUR4,850) rose to RON16.4 billion in February, 62.7% higher on the year, Romanian central bank data showed Friday.
Leu’s Exchange Rate Hits 1-Month Low At 4.1208 Vs Euro
Romania’s leu traded near 4.12 per euro in mid session Friday and the central bank’s reference weakened nearly 0.4% on the day at 4.1208 units, the lowest level in one month.
Analysts See Romania's Annual Inflation Rising To 8.2% In April
Romanian consumer prices are likely to increase by 0.5% on the month in April, while the annual inflation is seen accelerating to 8.2%, according to a median forecast of the country’s associ...