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Trade credit insurance policies saw a 20 – 25 percent rise in prices in the first quarter of the year on an increased demand for these products and larger risks of bankruptcy or insolvency of...
The first International Monetary Fund (IMF) mission, led by Jeffrey Franks, will come to Romania on July 29 to evaluate the degree to which the country fulfilled the commitments taken through the...
The exchange rate rose steadily towards the end of the session to close to 4.21 lei per euro after a significant climb of the national currency in the first part of the day, in line with the...
Romania will contribute over 1 billion euros to the European Union (EU) budget this year, but only asks for 30 million euros from structural funds for projects, declared for NewsIn people inside...
Romania's central lender BNR resumed borrowing banks through the lombard credit and granted lenders one-day loans worth 352 million lei, while the deposit service was less used by banks...
Raiffeisen Bank, the local arm of Austrian group Raiffeisen International, booked a net profit of 52.6 million euros in the first semester, 29 percent less than in the first six months last year,...
The Finance Ministry decided to increase the share capital of state-owned lender CEC Bank by around 230 million lei to 949.3 million lei by capitalizing the 2008 profit after receiving the approval...
Second Romanian lender by assets BRD SocGen approved 30 mortgage credits through the Prima Casa (First House) incentive program and other 30 loans are under approval, with the average credit...
Romania's central lender BNR injected 5.529 billion lei (1.3 billion euros) on the banking market through a repo operation maturing on August 28, at an interest rate equal to the key rate of 9...
Romania's largest lender by assets Banca Comerciala Romana (BCR) will be listed on the Bucharest Stock Exchange (BSE) at end of next year or in 2011 the latest, said the head of the state...
Orange Romania, member of one of the biggest communication companies in the world, France Telecom, saw revenues drop by 15.4 percent in the first half versus the same period last year, to 531...
Gas supplier GDF SUEZ Energy Romania, former Distrigaz Sud, recorded a net profit of 128.58 million lei last year, 30 percent down over 2007, according to data sent to the Trade Registry Office...
The head of the International Monetary Fund (IMF) mission to Romania, Jeffrey Franks, declared at the end of the talks held at the Finance Ministry that the IMF representatives are willing to be...
The Banca Comerciala Romana (BCR) group scored a net profit after tax and minority interests of 606.8 million lei (144.25 million euros) in the first semester, 20.1 percent smaller than in the...
Romania will not fulfill the parameters fixed within the agreement with the International Monetary Fund (IMF) for the end of the year because the economic downturn will be larger than the agreed...