RON
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Austria sells bonds in RON
Foreign investors bought sovereign bonds worth 100 million RON (28.5 million euros) on Monday. However, these were issued by the Austrian state not by the Romanian state, as part of its prog...
Leul a ajuns tare in Europa: Austria vinde obligatiuni in RON
Investitori straini au cumparat ieri obligatiuni de stat in valoare de 100 milioane de lei (28,5 mil. euro), emise insa nu de statul roman, ci de statul austriac, in cadrul programului acest...
RON to continue to grow stronger on medium term
The RON will continue to grow stronger in the medium term, say bankers, although it might take fluctuations in order to achieve this. Misu Negritoiu, deputy chief executive of ING Bank, sees...
Rostramo expects 30m RON turnover
Targu-Jiu-based Rostramo, a company operating in the wood-processing industry, estimates a turnover of 30 million RON (8.4 million euros) for this year, 30% more than last year. "In 2005, we...
Market ready to take euro to 3.45 RON
Market ready to take euro to 3.45 RON
Raiffeisen ATMs wake up to RON
Seven months after the RON was put into circulation, Raiffeisen Bank adapted its first 19 cash dispensers in Bucharest to issue the new banknotes. The bank operates a network of over 780 ATM...
Negritoiu expects RON depreciation
"I see RON depreciation as a monetary policy goal in 2006," says Misu Negritoiu, deputy general manager of ING Bank. He believes an exchange rate correction will be necessary to adjust the a...
Strong RON worsens Samus Mex losses
The appreciation of the RON against the euro has increased the losses of furniture manufacturer Samus Mex Dej by five times in the first three quarters of this year, compared with the same p...
Dealers invest in RON in response to NBR''s lightning move
One day after deciding to increase the amount of cash raised from the monetary market, the central bank did just that. The NBR absorbed 6.25bn RON (1.7bn euros) through a three-month deposit...