WB estimates Romania’s GDP to grow by almost 3 pc in 2015


Romanian economy will grow by 2.9 percent this year, after an advance of 2.6 percent in 2014, says the World Bank Group’s Global Economic Prospects (GEP) report, released on Wednesday. In last year’s October, the institution has forecasted a 2.7 ...

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Finance Ministry borrows RON 500m from commercial banks


The Finance Ministry (MFP) has borrowed on Thursday RON 500 million from commercial banks through state bonds due in three years, with an average interest of 2.7 percent, an all-time low for similar intervals. Nine commercial banks subscribed the offer ...

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Millennium Bank is officially part of OTP Group in Romania


The complete acquisition of Millennium Bank shares, former member of Banco Comercial Português, by the subsidiary of OTP Group in Romania has been concluded, following a EUR 39 million payment. Thus, according to a press release, as a result of ...

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Unfavorable beginning for national currency in 2015 – RON 4.4973/euro


National Bank of Romania (BNR) posted today a reference rate of RON 4.4973/euro and RON 3.7742/ dollar in the first day of transaction of 2015. This is the lowest value of the national currency recorded in the last ten months versus ...

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Moody’s places on review for downgrade Raiffeisen Bank SA’s Ba1 deposit and debt ratings


Moody’s Investors Service has today placed on review for downgrade Raiffeisen Bank SA’s (Raiffeisen Bank) Ba1 long-term deposit and debt ratings. The bank’s D- Bank Financial Strength rating (BFSR), equivalent to a baseline Credit Assessment (BCA) of ba3 and Not ...

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Romanians keep their savings in national currency. RON lending increased in November


lRON-denominated household deposits added 1.0 percent to RON 83,113.0 million. At end-November 2014, household deposits in domestic currency rose by 4.9 percent (3.6 percent in real terms) against end-November 2013, National Bank of Romania (BNR) data showed. RON-denominated corporate deposits ...

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