The billion euros secured by Romania last Thursday via the five-year eurobond issue will be frozen at IMF's recommendation, to set up a buffer-fund at the
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The National Bank of Romania is likely to go for a 50 basis points cut of the main rate to 6.5%, at its March Board Meeting,
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This year may finally bring one-digit interest rates for RON-denominated loans, closer to the cost of euro loans, estimates Zoltan Major, UniCredit Tiriac Bank executive vice-president
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MKB Romexterra reduced its last year’s loss by 39% last year, to 40.3 million lei (€9.5 million), after 17% drop in asset value to 2.4 billion
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Investment funds are most interested in buying bonds on the Romanian market, as they are looking for fixed-income instruments and continue to bet on the reduction
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Romania’s leasing market slumped 72% last year from 2008, to EUR1.33 billion in financed assets, driven by a sharp decline in car sales, the Association of
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While banking giants are closing down their outlets and toil in the harsh environment to keep their assets intact, GarantiBank is set to expand its reach
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Equity funds have generated yields like in their good times, of as much as 170% in the past year, but nevertheless investors have preferred to shelter
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Non-performing loans ended up amounting to one third of the portfolio of non-bank financial institutions (NBFIs) double as much as in the summer of last year,
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Investors are no longer enticed by the three-digit yields of equity funds, preferring non-risky investments in monetary funds and in bonds, which in the past month
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Commercial banks paid 1.2 billion RON (290 million euros) in profit tax, data sent by the National Fiscal Administration Agency to ZF reveal. NBR, on the
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ING analysts said the central bank was likely to continue easing the monetary policy in its next rate-setting session scheduled for March 29. The central bank
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The foreign currency saving process sharply dropped in the last couple of months, in parallel with the stabilization of the exchange rate, daily Ziarul Financiar informed
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Earlier this year, Edit Vesser, one of the big-league property advisers in Romania, took up the chief executive role at BNP Paribas Real Estate. “The thought
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Romania has the least profitable general insurance sector in Central and Eastern Europe, mainly because of loss on the auto insurance segment, said Thursday Cristian Constantinescu,
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Austrian parent banks have decreased their exposure to Romania by a collective €1.79 billion between July and September to €28.31 billion, after the €178-mln reduction a
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Private pension funds in Romania don’t have enough liquidity yet to invest in long-term treasuries and prefer short-term investments, Bogdan Dragoi, state secretary with the Finance
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Legal adviser Salans advised Franklin Templeton Investment Management Limited, the UK-based investment management company, part of Franklin Templeton Investments group, throughout the selection process for the
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The Central Depository settled 1.5 million transactions totaling seven billion euros, in 2009, reads institution's release.Last April marked a peak with 180,380, while last Jan came
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Romania's budget deficit may reach 8.4 percent of the GDP in 2010 in the absence of some new fiscal policy decisions, which would impose an adjustment
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