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Erste: Greek Capital Withdrawals To Have Limited Impact On Romanian Economy
Romanian economy is unlikely to experience a setback following potential capital withdrawals from Greek lenders, as investors would step in to cover the gap, a survey from Austria’s Erste Gr...
Concerns About Greece Raised Romania’s Risk Premium In Last Few Days- Franks
Greece woes have resulted in the increase of risk premium for Romania in the last few days, but it will be some time before it can be determined whether the situation is a long-term one and...
Romanian President Thanks Local Greek-Owned Banks For "Proper" Conduct
Romanian President Traian Basescu said Tuesday, after a talk with Greek President Karolos Papoulias, that the seven Greek banks on the Romanian market are operating "properly," for which he...
Analysts Recommend Leu Investments, Despite Greek-Fueled Pressures
Events in Greece, a country which European leaders are struggling to save from bankruptcy, are moving the leu/euro exchange rate quite strongly.
JP Morgan: BNR Has The Power To Save Greek Banks. It Won't Be Necessary, Says BNR
Romania's banking system would still be standing even in a worst-case scenario, where Greek banks were so seriously crippled by the financial crisis that they would be forced to give up thei...
Greek Banks Offer High Interests On Deposits Again
Greek-controlled banks have returned with generous offers for deposits, paying interests of over 8% a year on leu-denominated deposits and of 4% a year on euro deposits. This is the first vi...
Greek Banks Invested Over EUR1B In Romanian Real Estate
The Greek banks on the local market--Bancpost, Alpha, Piraeus and Banca Romaneasca--have fed at least EUR1 billion into some of the most important real state projects carried out in Romania...
How Local Fund Managers See The Greek Crisis
The escalation of the Greek debt crisis has chased investors away from stock markets, which have suffered major corrections in the past few days. The stock exchanges could be appeased if Eur...
Greece’s Rating Cut Won’t Affect Leu Much - BNR Deputy Governor
The Romanian leu will not come under serious pressure after Standard & Poor’s cut Greece to the world’s lowest debt grade, but spillovers from the financially-troubled nation are not entirel...