Exchange
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RON flood on interbank market helps state borrow cheaper, hurts depositors
RON flood on the currency market considerably cheapened the state's borrowings in January, and bankers also started revising the "lavish" interest rates paid for clients' deposits, which dropped by as much as one percentage point. Instead, nobody is speaking a...
ING: A realistic exchange rate is closer to 4RON/EUR than 3 RON/EUR
The euro valued between 3.8 and 4 RON could be absorbed by the economy, and help adjust the external deficit, says Misu Negritoiu, CEO of ING Bank.
Equity funds' fight to beat Stock Exchange declines
Equity funds were taken by surprise by the sudden Stock Exchange slump in the first six months. Some reacted by curbing their exposure to stocks to levels specific of balanced funds, another...
Commodities Exchange, still adrift after 16 years
The Romanian Commodities Exchange, the place where commercial transactions should generally be conducted is, after 16 years, still in a burgeoning stage of development. The low volume of tra...
Brokerage companies lay off staff amid Stock Exchange crisis
Prime Transaction, Confident Invest and GM Invest - three medium-sized brokerage companies on the Stock Exchange, have closed ten agencies over the last two months, and have laid off around...
Negritoiu, ING: Banks are weakening the Stock Exchange
Banks dominate the financial market, distort it, and have a major contribution to the state of the Stock Exchange by weakening it through the pressure they exert on costs of corporate fundin...
Farmexpert to merge branches and use hedging as protection to foreign exchange risk
Pharmaceuticals distributor Farmexpert, one of the main players in its industry, has secured part of its cash flow this year by using bank hedging, with the value of the contracts to stand a...
July brings exchange rate lows
The RON is 10% weaker than a year ago, while forecasts for the coming few months vary. July, as in 2007, brings the prospect of an annual low, after the euro stands at an average of 3.59 RON...
Gelin: Bucharest Stock Exchange on the brink of demise
The Bucharest Stock Exchange is on the brink of demise after feeding off illusions - instead of professional investors, the BSE has relied on local clientele; mainly speculators that pursue...