FDI in Romania, on an upward trend at end-November, to almost EUR 2.9bn


Non-residents’ direct investment in Romania totalled EUR 2,883 million, up by EUR 761 million over the level recorded in the period January-November 2014, National Bank of Romania (BNR) estimates show on Wednesday. Of which equity (including estimated net reinvestment of ...

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Euro passes the RON 4.53 threshold first time this year


The national currency depreciated to 4.5333 units per euro, according to the exchange rate announced by the central bank, compared to Monday reference of 4.5270 units, for the first time this year. The depreciation pressures will continue given the international ...

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Belgian aerospace company gets EBRD loan of USD 8.5 M to spread its wings in northwestern Romania


Belgian aerospace company SONACA (Société Nationale de Construction Aérospatiale SA) expands its operations in Romania after receiving a USD 8.5 million loan from the European Bank for Reconstruction and Development (EBRD), a press release informs on Monday. “Sonaca’s new plant ...

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Romania should borrow from foreign markets as soon as possible, Erste suggests


The recent cutting of reserve requirements on foreign currency made by Romanian central bank (BNR) could pave the way for the issuance of euro-denominated bonds on the domestic market in the first quarter, Erste Group report released on Monday shows. ...

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Former BNR Deputy Governor Cristian Popa – the Ministry of Finance’s proposal for EIB Vice-president. He is to replace Mihai Tanasescu

cristian popa

Cristian Popa, former BNR Deputy Governor, is the official proposal on behalf of the Ministry of Finance for the office of European Bank for Investments’ Vice-president. The proposal has been approved by the President and by the Romanian government, by ...

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BNR expects s better law on debt to equity swap, Governor Isarescu says

mugur isarescu

The National Bank of Romania (BNR) expects the MPs will improve the law on debt to equity swap, having in view the recommendations from President Klaus Iohannis and the ones from the European Central Bank, central bank Governor Mugur Isarescu ...

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No surprise – Central bank maintains key interest rate at 1.75 pc


In its Thursday meeting, the Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum, a press release informs, confirming analysts’ expectations. Also, central bank decided to cut the ...

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BNR would maintain current reference rate of 1.75 pc, analysts say


The Romanian National Bank (BNR) would maintain the policy rate at 1.75% annually at the first Board meeting of 2016 scheduled on Thursday, January 7, according to the views expressed by the participants in a national survey for the Association ...

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EBRD is no more shareholder of E.ON Romania


The European Bank for Reconstruction and Development (EBRD) has sold its 9.82 percent stake in E.ON Romania, part of German E.ON Group, an the integrated natural gas and electricity supplier on the domestic market. EBRD, which in 2007 bought E.ON ...

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Nextebank shows interest in taking over Banca Comerciala Carpatica


The Board of Banca Comerciala Carpatica (BCC) accepted an non binding and conditioned offer from Nextebank and by which the financial institution expresses its interest to subscribe shares issued by BCC under certain conditions, according to a report submitted to ...

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