RON
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NBR blamed for not preparing the market for RON depreciation shock
The National Bank did not prepare the market for the shock caused by the unavoidable depreciation of the RON and is wrong to "point the finger" at the "cruel speculators" Misu Negritoiu, chi...
NBR Governor Mugur Isarescu ready to help the RON up
NBR will continue to intervene on the market and could even choose to purge liquidity as often as twice a day, in order to alleviate pressure on the forex market, Mugur Isarescu, NBR Governo...
BCR raises interest rates on euro and RON loans by 0.5 %
BCR, the largest bank on the market in terms of assets, yesterday increased interest rates on loans in both RON and euros granted to its retail customers. As a result, the cost of loans incr...
RON depreciation causes Artrom losses
Slatina-based Artrom (ART) pipe producer logged financial losses worth around 7.8m euros (25.4m RON) in the third quarter of this year, after the RON declined against the euro and the dollar...
Analysts expect RON to drop over the coming months
The euro exchange rate has stabilised at around 3.6 RON, but analysts believe the RON is more likely to depreciate within the next few months, rather than recover the ground lost in autumn....
NBR considers inducing "hunger" for RON
If we want to stop the exchange rate from moving towards levels we do not see as right, we will generate a hunger for RON on the market, says Governor of the NBR (National Bank of Romania),...
Euro headed towards 3.55 RON after new worsening of regional sentiment
The euro took a fresh leap on the Bucharest market and climbed 1.3% during yesterday's session to a fourteen-month high of 3.54 RON. Although the RON/EUR rate has now increased 14% since the...
Euro may hit 3.5 RON, but where will it go from there?
The euro could climb to a level of 3.5 RON, or even higher, over the coming period, but what direction the exchange rate will follow afterwards remains unclear. After the RON/EUR exchange ra...
AZT Moderato, first voluntary pension fund to top 1m RON
AZT Moderato, a voluntary private pensions fund (3rd pillar) managed by Allianz-Tiriac Pensii Private (Allianz-Tiriac Private Pensions) has become the first fund that has to implement the st...