RON
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Over 7bn RON in transactions through www.e-licitatie.ro this year
The value of contracts sealed between January 1 and August 20, 2007 through the Electronic System for Public Acquisitions (SEAP) amounted to 7.148bn RON (2.17bn euros), according to the Nati...
Strong RON forces Petrom's profit down to 266m euros
A drop in the price of crude oil and the appreciation of the Romanian currency against the dollar has resulted in Petrom's profit witnessing a decline of 34% in euros in the first half of th...
Consumer lending accelerated in May due to lower interests for RON
Consumer lending accelerated considerably in May, posting the fastest growth of the past nine months. Consumer finance gained steam as early as the beginning of spring, after witnessing a si...
RON and BSE follow regional downward trend
The euro continued to grow against the RON, for the second day in a row on the Bucharest forex market, up to a peak of 3.15 RON. Speculative moves on the Eastern Europe forex markets once ag...
Exotic currencies and RON chosen over the euro for credits
The euro is again losing ground to exotic currencies, in addition to the RON, when it comes to credits, with its share falling to less than 50% of the total funding granted by banks. Accordi...
Dramatic week for the RON
Dealers are preparing for one of the most dramatic weeks on the forex market in the last 15 years, with the RON being subject to a strong and rapid appreciation, prompted by the sales of for...
IFC extends RON credits on the local market
The International Finance Corporation (IFC), the investment division of the World Bank, could grant another credit in RON to a domestic bank in the near future. At the beginning of this week...
NBR: Banks can easily take up to 19% RON decline
The National Bank has come to the conclusion that a 19% exchange rate increase would not have significant effects over banks' balance sheets or gains, given that they have low foreign curren...
Pascariu: big foreign players boost RON demand
The monetary market remains small, whilst the entry of large international banks generates a great deal of pressure, which the market cannot manage, says Dan Pascariu, chairman of HBV Tiriac...