FACILITIES
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Banks-Insurance
Romania Central Bank Narrows Facilities Corridor Further, Keeps Key Rate at 1.75%
Romania's central bank on Tuesday decided to narrow its standing facilities corridor by an additional 25 basis points, to +/-1 percentage point from +/-1.25 percentage points, and kept its benchmark interest rate unchanged at a record low 1.75% a year.
Energy
Alro Plans To Shut Down Several Facilities, Cut Jobs
Romanian aluminum company Alro Slatina (ALR.RO) will prepare a plan to shut down part of its production facilities, in an attempt to reduce costs, which could result in a significant number...