foreign
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National Bank has its eye on foreign funding attracted by banks
As of September 30, banks are required to send data to the NBR (National Bank of Romania) every day, on funding sources attracted from the foreign market, as featured in the balance sheet at the end of the previous day, as well as information on repayment or w...
Head of Treasury: We will be back on foreign markets only under favourable conditions
The Ministry of Economy and Finance will resume the eurobond issues conducted in spring only if conditions on foreign markets - liquidity level and cost of attracting funds - are favourable
Why do major foreign players stay away?
The low prices imposed on the market by Romanian companies are trimming down multinationals' hopes of profit. Nestle, the biggest multinational that had an ice cream plant in Romania, last y...
Foreign debt rises 40% in one year to 44.8bn euros
Romania's medium and long-term foreign debt reached 44.8 billion euros at the end of the first half, an increase of 42% against the same time in 2007, while the current account deficit rose...
Foreign investments up 60% in H1
Foreign investments made in the first half of the year came close to 5 billion euros, higher than initially estimated and around 60% higher against the same time last year. They could amount...
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...
Crisis in Italy and Spain will stop flow of foreign remittances
Economic problems in Italy and Spain, where more than 1.5 million Romanians legally work, could cause a drastic decline in foreign currency inflows, which help to finance Romania's foreign d...
Foreign crisis, test for inflation targeting
Three years since it began to apply its inflation targeting strategy, the NBR (National Bank of Romania) is faced with the very clear prospect of missing this year's target and also runs the...
Three foreign banks capitalise branches with 180m euros
Three second tier banks - Banca Romaneasca, Credit Europe Bank and Millennium Bank, received capital injections from their shareholders in the first half of the year that equalled 180 millio...