depreciation
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Foreign debt skyrockets
The fast-paced increase of foreign debt is fuelling pressures for a depreciation of the RON because of the repayment/refinancing effort.
SIF operate tens of millions of euros in adjustments for assets
The SIFs (financial investment companies) will set aside several tens of millions of euros in reserves for the amortisation of the depreciation of the financial investments made over the las...
Ceramica Iasi: Our sales and net profit will be affected by RON depreciation
Construction materials manufacturer Ceramica Iasi, controlled by American investment fund Advent International, will record an around 3-5% slowdown in the turnover growth rate, to around 16...
Clients have to pass 2% interest rise and 15/25% RON depreciation tests to get a loan
The clients that take out new loans need to be able to cope with increases in interest rates by at least two percentage points and a depreciation of RON by at least 15% against the euro, and...
Loans in euros and RON depreciation hurt Agrana's profit
Agrana Romania, the leading sugar producer on the local market, posted a net profit worth 15.47 million RON (4.35 million euros) in the first half of this year, 23.5% less in RON against the...
UBS: RON depreciation could be beneficial
A controlled depreciation of the RON could eventually prove beneficial for the economy, as it will restore balance to the system and remove what we think are currently "over exaggerated fear...
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...
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...
ING: The NBR will continue to act for RON depreciation
The NBR will try to avoid a "sudden" exchange rate correction and will continue to act for a smooth decline of the RON through indirect moves on the interbank market, explains Ciprian Dascal...