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CASH

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Top Companies On Bucharest Stock Exchange Have RON15B Cash Reserves
Capital Market

Top Companies On Bucharest Stock Exchange Have RON15B Cash Reserves

The cash accumulated in the accounts of the ten largest listed companies on the Bucharest Stock Exchange stood at more than 15 billion lei (EUR3.4 billion) at the end of June, which could si...

Loredana Frățilă-Cristescu · 21.08.2014 · 11:50 · 2 min
Banca Transilvania Has RON4B In Cash, Looks At Acquisition Opportunities
Banks-Insurance

Banca Transilvania Has RON4B In Cash, Looks At Acquisition Opportunities

Banca Transilvania (TLV.RO) has almost 4 billion lei (EUR1 billion) cash in its accounts from past years' profits and is looking 'carefully and interestedly' at the opportunities on the Roma...

Loredana Frățilă-Cristescu · 05.08.2014 · 10:38 · 1 min
Romania, Favorite Destination Of Northern And Western European Investment Funds
Companies

Romania, Favorite Destination Of Northern And Western European Investment Funds

Romania is a favorite destination of northern and western European investment funds ‘because it’s looking very good’ with its surprising economic growth of last year, highly skilled and chea...

Loredana Frățilă-Cristescu · 28.05.2014 · 00:00 · 2 min
Banks-Insurance

Three Quarters Of Romanians Believe Cash Is Dirty But Just One Third Wash Their Hands

Three quarters of Romanians believe handling cash, bank notes or coins to be unhygienic and dirty but only three in ten people wash their hands after handling cash, according to a European-w...

Oana Gavrila · 06.05.2014 · 15:52 · 1 min
Long-Term Deposits Up 30% In One Year
Banks-Insurance

Long-Term Deposits Up 30% In One Year

Individual depositors had 10.7 billion lei (EUR2.4 billion) savings kept in deposits maturing in more than a year at the end of January, a 30% increase on the year-ago period, according to R...

Loredana Frățilă-Cristescu · 10.03.2014 · 00:00 · 1 min
PM: Government To Approve Law On Capping Cash Payments, Bank Fees Next Week
Banks-Insurance

PM: Government To Approve Law On Capping Cash Payments, Bank Fees Next Week

The Romanian government will most likely approve the draft law on capping cash payments and bank fees next week, Prime Minister Victor Ponta stated, adding that he had talks in this respect...

Gabriela Stan · 05.02.2014 · 15:00 · 1 min
Banks To Collect An Additional EUR100M In Fees If Law Capping Cash Payments Passes
Banks-Insurance

Banks To Collect An Additional EUR100M In Fees If Law Capping Cash Payments Passes

Banks will stand to gain an additional EUR80 million to EUR100 million in fees from people buying homes or from retailers of furniture, cars and other items that cost more than 10,000 lei (a...

Loredana Frățilă-Cristescu · 03.02.2014 · 00:00 · 3 min
Romanians Withdrew EUR6B From Cards In 1Q
Banks-Insurance

Romanians Withdrew EUR6B From Cards In 1Q

Bank customers in Romania withdrew more than 26 billion lei (EUR6 billion) from their cards in January-March, while payments at POS-es installed at retailers amounted to RON4.3 billion, acco...

Oana Gavrila · 21.05.2013 · 08:14 · 1 min
ATM Cash Withdrawals Were 20% Higher In The Run-Up To Christmas
Banks-Insurance

ATM Cash Withdrawals Were 20% Higher In The Run-Up To Christmas

Cash withdrawals from ATM machines ahead of the holidays indicate a rebound of consumption.

Daniela Stoican · 05.01.2012 · 00:00 · 3 min