reserves
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How large are NBR's reserves compared with the size of the economy?
The NBR currently holds international reserves (foreign currency and gold) worth 32.4bn euros, 3.2bn euros more than at the onset of the financial crisis domestically, in October 2008, with the level being viewed as more than comfortable, but the weight in GDP...
Romgaz invests 285m euros to identify new reserves
Romgaz Medias, Romania's state-held natural gas producer, says it has budgeted 1.2 billion RON (285 million euros) for investments for 2010, around 40% more than in 2009, with the bulk of th...
MKB Romexterra Bank, to end 2008 in the red
MKB Romexterra, a medium-sized bank in the system owned by Germany's Bayern LB, will end this year with net losses because of a significant increase in reserves.
Who are Rompetrol's buyers actually?Who are Rompetrol's buyers actually?
A group with proven reserves of 611.3 million tonnes of crude oil, eight times more than the reserves held by Romania's subsoil, and sitting on natural gas reserves of 62.4 billion cubic met...
Increase in reserves drives MKB Romexterra Bank into the red
MKB Romexterra, the local branch of the German Bayern LB group, posted losses worth 27.3m RON (7.4m euros) in the first half of the year, following a significant increase in reserves made. I...
What Romania stands to gain from its 45bn-euro petroleum reserves
The tripling of crude oil prices over the last few years to 130 dollars a barrel has brought Romania's reserves to around 550 million barrels of petroleum, all of them operated by Petrom to...
Bankers would like minimum reserves set up for leasing companies, too
Bankers have asked the NBR (National Bank of Romania) to set up minimum mandatory reserves for leasing companies for the funds they attract, in the wake of increased competition due to the r...
NBR delays reduction of mandatory reserves
The central bank will only reduce minimum mandatory reserve requirements imposed to commercial banks when it sees a significant liquidity slump on the interbank market. "The volumes purged d...
Head of CSA warns about reserves of auto liability insurance sellers
The average value of claims for car accidents occurring abroad, caused by Romanian individuals or companies are at fault, is 3-4 times higher than within the country, therefore the insurance...