05.06.2015

Romanian banks will have available for lending an additional 3 billion lei (EUR675 million) after the two-percentage point cut of the minimum reserve requirement ratio for leu deposits adopted by the more

12.17.2014

OMV Petrom (SNP.RO) and Hunt Oil Company of Romania announced the discovery of a crude oil and gas reserve in southern Buzau county, following a joint exploration investment that amounts to EUR5 more

11.21.2014

The five largest state-run listed energy companies have 7.7 billion lei (EUR1.7 billion) cash in their accounts, more than one third of their market value. more

08.05.2014

Banca Transilvania (TLV.RO) has almost 4 billion lei (EUR1 billion) cash in its accounts from past years' profits and is looking 'carefully and interestedly' at the opportunities on the Romanian more

07.01.2014

Romanian central bank’s governor Mugur Isarescu said Tuesday that the bank’s decision to cut its minimum reserve requirements on foreign currency deposits will free around EUR500 million in more

06.25.2014

The Romanian central bank will lower the reserve requirements for foreign currency deposits at its next monetary policy meeting July 1, following a series of recent monetary easing policies in Europe, more

12.12.2013

Romania’s central bank governor Mugur Isarescu said Thursday that his institution is prepared to lower the minimum reserve requirements for both leu and foreign currency liabilities in 2014, but the more

04.29.2013

The head of the Romanian central bank says the country does not need to increase its gold reserve above 100 metric tons as each time the reserves rose past that level “something bad” happened. more

12.26.2012

The Finance Ministry has a foreign currency liquidity reserve of EUR4.4 billion, only EUR200 million more than on May 8, when Florin Georgescu, the suspended first deputy governor of central bank, more

06.27.2012

Persistent cash shortage in the Romanian interbank market could prompt a reduction of the minimum reserve requirements for leu-denominated liabilities, but such a move would require extreme prudence, more

06.08.2012

Romanian insurers that cover natural disasters must hold reserves based on estimations regarding underwritten premiums on this segment and their reinsurance programs, according to norms drawn up by more

03.06.2012

Romania’s central bank keeps a cash reserve equivalent to “several tens percent” of the monetary mass, to use in moments of banking panic such as the ones in the ‘90s and 2000s, central bank more

02.27.2012

Romanian central bank BNR has eased the minimum reserve requirements for banks, a measure that could release liquidity into the market, especially foreign-currency. more

12.20.2011

Romania's central bank should not lower its minimum reserve requirements imposed on commercial lenders in the following period to make sure it has sufficient buffer against potential difficulties in more

12.05.2011

US private equity fund First Reserve and Spain’s Renovalia Energy have established a joint venture to own and operate wind projects in North America and Europe, including Romania. more

09.19.2011

Private investment firm First Reserve Corporation on Monday announced an investment in Amromco Energy, the third largest gas producer in Romania. more

09.16.2011

Romania's wheat reserve might be increased to 1.2 million tons, because of climate change and economic instability, Agriculture Minister Valeriu Tabara said Friday. more

09.05.2011

The Romanian central bank will set up a working committee to analyze the structure of the country’s future gold reserves, the bank’s chief Mugur Isarescu said Monday. more

08.24.2011

The National Bank of Romania (BNR) will discuss cutting the monetary policy interest rate and the minimum leu reserve requirements this fall in order to encourage lending in the local currency, once more

04.07.2011

Romanian central bank’s decision to lower minimum reserve requirements for hard currency liabilities aims to increase liquidity in the market and give more flexibility to local banks, central bank more