CASH RESERVE
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Energy
Largest State-Run Energy Companies Sit On RON7.7B Cash Reserves
The five largest state-run listed energy companies have 7.7 billion lei (EUR1.7 billion) cash in their accounts, more than one third of their market value.
Banks-Insurance
Isarescu: Romania’s Central Bank Keeps Hefty Cash For Banking Panic
Romania’s central bank keeps a cash reserve equivalent to “several tens percent” of the monetary mass, to use in moments of banking panic such as the ones in the ‘90s and 2000s, central bank...