DEPRECIATION
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Coronavirus Crisis Depreciates Pension Fund Assets
Assets managed by mandatory private pension funds in Romania have depreciated 6.7% on average in January-March due to market shocks caused by the coronavirus pandemic, the Romanian association for private pensions APAPR said in a statement Thursday.
Leu Falls To 4.7640 Units Vs Euro, Nearing New All-Time Low
The Romanian leu hit a new low of 4.7640 units against the euro on Thursday, losing 0.02% on the day from 4.7632 units per euro on Wednesday.
Leu Touches New Low Of 4.6890 Vs Euro
The Romanian leu hit a new low against the euro on Thursday, standing at 4.6890 units to euro at midday, from 4.6830 units per euro on Wednesday.
Leu Touches New Record Low Of 4.6822 Vs Euro
The Romanian leu reached a new record low against the euro on Tuesday, standing at a midday average rate of 4.6822 units/euro, down 0.11% from 4.6771 units per euro on Monday.
Unilever: We Managed To Offset Rise In Raw Material Prices And Leu Depreciation
Raw material prices and the depreciation of the domestic currency were the factors that affected the business of Unilever in Romania last year.
Central Bank Makes First Principal Payment On Romania’s IMF Loan As Leu Hits New Low
Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve.
Leu Depreciation Erodes Profits Of Listed Companies
Most analysts on the capital market believe the serious depreciation of the leu against the main currencies over the last few months will generally have a negative impact on the companies’ r...
Romanian Businesspeople Expect The Leu's Depreciation To Bring Higher Prices, Lower Consumption
The Romanian leu's depreciation will raise the prices of imported products like food and clothing, as well as the cost of trips abroad, driving consumption down and possibly resulting in lay...
How Much Further The Leu Can Depreciate And Who Would Be Affected By A Euro Worth RON5
The depreciation of the leu towards RON5 per euro would affect Romanians whose loans in euros are worth EUR3.5 billion and would lead to a deterioration of banks’ loan portfolios and an incr...