BNR Exchange Rates
8.02.2012- 1 EUR
4.3540 RON - 1 USD
3.2812 RON - 1 CHF 3.5955 RON
- 1 GBP 5.2181 RON
- 1 gr. aur184.1037 RON
Popa, BNR : Romania needs another year to come back to investment gradeUpdated: 10-02-2010 | Financial and Banking
Romania's rating could go back to « investment grade » only after a period of one year, if the present feeling towards our economy continues to improve, Cristian Popa, vice-governor of the BNR says.
« Until the rating comes back to investment grade it is necessary to improve the perspective from negative to stable and then positive, then there are some months until the alteration takes place, even six months. In order to go back to investment grade there is one year necessary, one year and something" Cristian Popa said. The financial evaluation agency Fitch improved from « negative » to "stable" the rating for Romania and confirmed the rating for long-term loans in foreign currency and in lei at " BB+" " BB-" respectively, motivating the decision through better economic conditions.
Romania's rating could be improved at investment grade at the end of 2010 or the beginning of 2011, some analysts consider, after the financial evaluation agency Fitch improved the rating from "negative" to "stable".
Latest News:
- Business needs to do more to manage deal risks in growth markets, urges PwC report
- COSMOTE Romania advises parents to keep their children safe on the internet, for the 4th year in a row
- President Basescu names Mihai Razvan Ungureanu to head new Gov't of Romania
- BNR decide do lower the monetary policy rate to 5.50 percent
- Romania: Record Transaction for the Office Market Outside Bucharest City Business Centre (CBC) in Timisoara Sold to NEPI
- METLIFE TO ACQUIRE THE CZECH, HUNGARIAN AND ROMANIAN OPERATIONS OF AVIVA plc
- BNR: Silver coin dedicated to 10 years anniversary of introducing euro coins and bills
- Deloitte: Top Trends in Telecommunications in 2012
- PwC: Big spending predicted in 2012 for gold mining companies
- The value of tax payments by card almost doubled in the first 11 months of 2011, to RON 69.4 million
- Deloitte: Top media trends in 2012. Media consumption is equally split between tradition and latest technologies
- BNR: the balance-of-payments current account posted a deficit of EUR 4,230 million
- BNR lowers the monetary policy rate to 5.75 percent - details
- BNR lowers the monetary policy rate to 5.75 percent
- Intesa Sanpaolo Bank has increased its capital with 323 million lei (75 milion euro)
Most Popular News
- Three billion euros to be invested in energy private-public partnerships
- Romanian state plans to keep 8 pct of Petrom, at least
- IMF mission extends stay in Romania till May 9
- IMF, FinMin Vladescu discuss Government revenues collection
- Videanu admits that he is in conflict of interests in connection to Marmosim
- Greece gets 110 billion euros, biggest bailout in history
- BNR governor Mugur Isarescu: Situation is quite complicated
- Romanian-German meeting on fresh cooperation opportunities
- Gov't to earmark 6.4pc of GDP for investment
- FinMin Vladescu: Cutting 25pc off public wages pool will not generate needed savings
