RATE
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BCR, BRD, CEC Bank And Raiffeisen Keep Leu Deposit Interests Low Despite Rising Key Rate and Inflation
The raise of the key rate three times this year to 2.5% and the upward inflation trend are not pressuring bankers to raise deposit interests. Some large banks are keeping interests for leu d...
Why Romania Has No Highways: EU Structural Fund Absorption Rate At Only 2.7%
European Funds Ministry has finally published statistics about the absorption of EU funds in 2014-2020 showing that four years after the start the multi-annual planning period, Romania got r...
A 4% ROBOR Would Significantly Affect Repayment Capability Of 57% Of Companies In Romania
Local companies are not ready to cope with interest raises and more than half of the companies with ongoing leu and euro loans will be significantly affected by a potential increase of the l...
ROBOR Index At Two-Year Peak On Interbank Market
Interbank leu rates rose for the third time in a row on Wednesday, and the three-month ROBOR, which is used to set the interest rates for the loans of most Romanians, reached 1.25%, the high...
NPL Rate Rose Slightly To 13.68% End-February 2016
The non-performing loan (NPL) rate reached 13.68% at the end of February 2016, slightly higher than 13.57% in the previous month, under the new regulations of the European banking associatio...
Bucharest Stock Exchange Sluggish In September, Volatile Q4 Expected
After a sluggish September, the Bucharest Stock Exchange appears to be volatile in the fourth quarter on low traded volumes. Investors expect central banks to decide where they want interest...
Romania’s Garments&Shoes Expenditures Per Capita At Lowest Rate In CEE In 2014
Romanians spent around 7 billion lei (nearly EUR1.6 billion) on garments and shoes in 2014, while in 2015, the garments and shoes market is expected to grow 4.5%, at the highest pace since 2...
Romania’s EU Fund Absorption Rate At 51% In June
Romania’s European Union fund absorption rate sets at only 51% in June, six months before the end of the reference period 2007 – 2013. This is the lowest absorption rate among European Union...
BNR Cuts Key Rate To Record Low 1.75%; Leu Requirements Also Lowered
Romania’s central bank on Wednesday surprisingly lowered its main monetary policy rate by 25 basis points to a new record low of 1.75%, the seventh rate cut in the current reduction cycle st...