Banks-Insurance
Two Years After Start of “First Home” Scheme: Has It Achieved Its Purpose?
The scheme started by the government nearly two years ago in order to revive the construction sector and the economy has turned into a social one that has supported banks, put an end to the...
Greek and Dutch Banks Withdrew EUR3 Billion from Romania In 2010
The exposures of Greek and Dutch banks to Romania fell by nearly EUR3 billion last year compared with 2009, according to data published by the Bank of International Settlements (BIS).
Losses of Mandatory Private Pension Managers Deepen
Six of the nine mandatory private pension fund managers (2nd pillar) posted cumulated losses of 48.7 million lei (EUR11.6 million), 64% higher than in 2009.
Foreigners Held 31% Of Fondul Proprietatea Shares In April
Foreign investors continued buying shares in Romanian investment fund Fondul Proprietatea (FP.RO) in April, bringing the total foreign-owned stake to 31.03%, from 29.06% in the previous mont...
Leu Weakens Vs Euro In Line With Peers
The Romanian leu edged lower against the euro in late trade Thursday, tracking the currencies in the region, and closed weaker on the day at 4.1115/4.1135 units.
Romania Sells RON206M 3-Year Bonds At 7.31% Average Yield
Romania’s Finance Ministry on Thursday sold 206 million lei (EUR50.2 million) in three-year bonds, below the planned amount, at an average yield of 7.31%, higher than at the previous auction...
BNR Won’t Limit Forex Mortgage, Real Estate Loans
Romanian central bank will most likely refrain from measures to limit mortgage and real estate lending in foreign currency, because the local market is unable to provide adequate financing r...
BNR: Stable Exchange Rate Preferable On Long Run
Romania's central bank targets a stable exchange rate of the leu versus the euro, even if a stronger leu would help the disinflation process on the short term, central bank governor Mugur Is...
Isarescu: Changing Euro Adoption Target Would Delay Reforms
Changing Romania’s euro adoption target would have only fueled political maneuvers to delay structural reforms, central bank governor Mugur Isarescu said Thursday, adding that the 2015 deadl...