rates

Medicine Prices In Romania To Grow Come Apr 1 Due To Exchange Rate Shift

The prices for medicine will grow in Romania starting with April 1, since the state budget law uses an exchange rate of EUR1=RON4.25, as opposed to the RON4 for EUR1 exchange rate used in the 2009 state budget, said Health Minister Cseke Attila.

First Cuts In Romania Mobile Termination Rates Set For May 1

Romanian telecom regulator ANCOM on Thursday announced the first cuts in mobile termination rates will be applied starting with May 1.

Fitch: Romanian Banks Face Pressure On Exchange Rate

The ongoing global financial crisis has exposed Romanian banks to increased risks, through mounting pressure on the exchange rate in an operating environment dominated by foreign banks, Fitch Ratings said in a special report Monday.

Romanian Leu Up Vs Euro, On Alleged Ctrl Bk Intervention

The Romanian leu was the only currency in the region to appreciate against the euro on Monday, dealers suspecting an intervention of the central bank on the interbank market through euro sales to support the leu.

Romanian Lender BCR Launches Variable Interest Loans Linked To ROBOR, EURIBOR Rates

Romanian Banca Comerciala Romana, or BCR, launched new loans with variable interest rates based on interbank indices ROBOR (Romanian Interbank Offer Rate) and Euribor (Euro Interbank Offered Rate) and also eliminated certain fees.

Romanian Money Mkt Rates At 17.81%, In Line With Ctrl Bk Norms

Romanian banks have published on Thursday money market rates of 17.8% on the year for all maturities, in line with the central bank’s maximum accepted level for ROBOR rates set on October 23, dealers said.

Romania Ctrl Bk Raises Key Rate To 9.75% From 9.5%

Romania's central bank Tuesday raised its main lending rate by 25 basis points for the fifth time in a row to 9.75% from 9.5%, the bank said in a statement.

Romanian Ctrl Bk Should Further Tighten Monetary Policy-IMF

Romania should see more monetary policy tightening measures to hold back country’s peaking inflation, the International Monetary Fund said Tuesday.