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Three-Month ROBOR Ends Week Of Oct 4-8 At 2.10% A Year
Banks-Insurance

Three-Month ROBOR Ends Week Of Oct 4-8 At 2.10% A Year

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, stayed at 2.10% a year on Friday (October 8), the same le...

Ecaterina Craciun · 08.10.2021 · 14:32 · 1 min
Romania Raises RON413M Selling Nov 2025 Bonds At 3.86% Average Yield
Banks-Insurance

Romania Raises RON413M Selling Nov 2025 Bonds At 3.86% Average Yield

Romania's finance ministry on Thursday reopened a bond issue due in November 2025, raising 413.6 million lei (EUR83.5 million), RON87 million below the targeted level, at an average yield of...

Ecaterina Craciun · 07.10.2021 · 20:28 · 1 min
Three-Month ROBOR Rises To 2.10% A Year On October 7
Banks-Insurance

Three-Month ROBOR Rises To 2.10% A Year On October 7

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and grew to 2.10% a year on Th...

Ecaterina Craciun · 07.10.2021 · 12:34 · 1 min
Antitrust Body Clears Acquisition of Idea Bank Romania by Banca Transilvania
Banks-Insurance

Antitrust Body Clears Acquisition of Idea Bank Romania by Banca Transilvania

Romania’s Competition Council has approved the transaction whereby Romania’s largest lender, Banca Transilvania, acquired the entire ownership stake of Poland’s Getin Holding in Idea Bank, i...

Ecaterina Craciun · 06.10.2021 · 15:55 · 1 min
Patricia Andrei, New Human Resources Manager At CEC Bank
Banks-Insurance

Patricia Andrei, New Human Resources Manager At CEC Bank

Patricia Andrei has taken over the position of Human Resources (HR) Manager at state-run lender CEC Bank, coordinating the lender’s entire HR activity.

Ecaterina Craciun · 06.10.2021 · 15:17 · 1 min
Three-Month ROBOR Surges To 2.07% A Year After Central Bank Raises Key Rate
Banks-Insurance

Three-Month ROBOR Surges To 2.07% A Year After Central Bank Raises Key Rate

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and grew to 2.07% a year on We...

Ecaterina Craciun · 06.10.2021 · 14:46 · 1 min
Companies

Deloitte Romania, Reff & Asociatii Assist Chimcomplex In Contracting EUR90M Loan

A multidisciplinary team of the Financial Advisory Practice of Deloitte Romania and of law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided assistance to chem...

Ecaterina Craciun · 05.10.2021 · 19:26 · 1 min
World Bank Revises Up Romania’s GDP Growth Forecast To 7.3% In 2021 Vs 6% Previously
Banks-Insurance

World Bank Revises Up Romania’s GDP Growth Forecast To 7.3% In 2021 Vs 6% Previously

The World Bank on Tuesday (October 5) revised upwards its forecast on Romania’s economic growth to 7.3% in 2021, from a previous projection of 6% in June 2021, followed by a 4.8% GDP growth...

Ecaterina Craciun · 05.10.2021 · 18:19 · 4 min
Romania Central Bank Raises Key Rate To 1.5% From All-Time Low Of 1.25%
Banks-Insurance

Romania Central Bank Raises Key Rate To 1.5% From All-Time Low Of 1.25%

Romania's central bank on Tuesday (October 5) raised its benchmark interest rate to 1.5% a year from an all-time low of 1.25% a year.

Ecaterina Craciun · 05.10.2021 · 15:36 · 2 min