Banks-Insurance
Leu In Ranges Vs Euro, Exchange Rate At 4.1065
Romania’s leu traded in ranges against the euro in mid session Thursday and the central bank’s reference strengthened slightly to 4.1065 units, from 4.1127 units a day earlier.
Isarescu Says Romanian Food Prices Rise At 2nd Fastest Pace In Region
Romanian food prices are growing at the second-fastest pace in the region, after Bulgaria, central bank governor Mugur Isarescu said Thursday, adding that the prices’ weight in the consumpti...
Renaissance Capital: Romanian Leu Must Not Firm Too Much Ahead Of Euro Adoption
The Romanian central bank can’t afford a too strong leu if it wants to adopt the euro in 2015, because the country needs a strong exchange rate in the years prior to joining the euro area, T...
Isarescu: Leu’s Appreciation Helped Mitigate Large Shocks
Romanian leu’s nominal appreciation against the US dollar has dampened import prices and helped mitigate larger shocks, particularly in the fuels market, central bank governor Mugur Isarescu...
ING Asigurari De Viata 1Q Premiums Down 1.7%, To RON133.5M
Romanian insurer ING Asigurari de Viata's underwritten premiums decreased by 1.7% in the first three months of the year, to 133.5 million lei (EUR32.5 million) and its gross profit dropped 2...
BNR Ups Inflation View To 5.1% In 2011, 3.6% In 2012
The Romanian central bank revised upwards its forecasts for 2011 and 2012 annual inflation to 5.1% and 3.6%, respectively, due to higher oil prices and additional inflationary expectations,...
INS: Romania's 1Q Industrial Sales Up 24.3% On Year
Romanian industrial sales rose 24.3% on the year in the first quarter, mostly fueled by higher sales in the manufacturing sector, the country’s statistics institute INS said INS said Thursda...
INS: Industrial New Orders Soar 26.4% On Year In 1Q
Romanian industrial new orders rose 26.4% in the first quarter compared with the year-earlier period, fueled by two-digit increases in most of the sectors, the country’s statistics institute...
How BCR Dodged The Bullet
December 20, 2005, at 19:13. Sebastian Vladescu, the then finance minister, announces the result of the biggest privatisation in Romanian history: Austrian group Erste bought the biggest loc...