South Europe

Romanian leu exchange rate falls to record low against the euro

The Romanian leu’s exchange rate fell to the weakest on record against the euro, sliding for a third day on speculation Greece may be on its way out of the 17 nation euro group, as European leaders meet in Brussels. The leu fell as much as 0.22 percent today to 4.4644 per euro, its lowest intraday level, trading 0.13 percent down to 4.4608 per euro as of 10:55 a
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More South Europe Foreign Exchange News

Romania’s central bank cuts interest rates for fourth time in as many months

Romania’s central bank cut interest rates on Thursday for the fourth time in as many policy meetings, taking rates down to a record low of 5.25 percent. The whole 1 percentage point reduction has been achieved with a barely a twitch in the Romanian

Romania needs 30 million euros per week in funds says EU Commissioner

Romania will have to attract EUR 30 million in European funds every week until the end of this year, to make sure it will get the same level of structural ...

Romania’s Central Bank to accept US dollar denominated bonds from 1 March

Romania’s central bank said it will accept US dollar denominated bonds sold by Romania on international markets this year as collateral in open market and monetary policy operations starting March ...

Romanian stock market slumps lower after Prime Minister Emil Boc resigns

The Romanian stock market slumped the most in three months yesterday after Romania’s Prime Minister Emil Boc said he will resign. The benchmark BET index of shares fell 2.3 percent to ...

Outlook for Romania’s economy among brightest in Europe according to the World Bank

Despite the eurozone’s afflictions, news for Romania is not so bad as the latest batch of World Bank analysis of the Europe suggests Romania’s relatively economy has had a beneficial ...

Money Transfers from UK Sterling (GBP) to Romanian Leu (RON)

If you are looking to send money to or from UK sterling (GBP) to Romanian Leu’s (RON), banks will charge you a fee, bundled with a poor exchange rate for ...

Romanian leu untouched by riots but further unrest could bring exchange rate depreciation

The Romanian leu’s exchange rate could depreciate if the street protests continue in the country, even though so far the Romanian Leu was not affected by the riots, according to ...

Fitch downgrades its credit outlook for Bulgaria, Latvia, Lithuania and Czech Republic

Fitch Ratings downgraded its credit outlooks for Bulgaria, Latvia, Lithuania and the Czech Republic to stable from positive today as Europe’s economic growth prospects deteriorate amid a sovereign debt crisis. “Strong ...

Romania may cuts interest rates again to weaken the Romanian leu

Romania, which unexpectedly cut funding costs yesterday, may ease monetary conditions further, cutting interest rates and allow the Romanian leu to weaken to an all time low to boost exports ...

Romanians send home half a million pounds each day from the UK

Romanians living in Britain send home nearly half a million pounds each and every day, official figures revealed by Romania's central bank suggest. A total of £41million left the UK for ...

Bulgaria aims to replace the lev for euro currency within the next few years

Bulgaria has new aims to replace the Bulgarian lev for the euro currency within the next few years as Bulgaria's new fiscal plan aims to cut deficits and boost Bulgarian ...

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