The shareholders of state-run CEC Bank on January 9 approved the updating of the medium-term note (MTN) program by extending its duration by four years and raising the issuing cap to EUR2 billion, the lender said in a report to the Bucharest Stock Exchange.
Romania's Finance Ministry raised RON1.2 billion from banks on Monday (January 12), selling government paper in two auctions, at annual average yields of 6.44% and 6.65%, respectively.
Romania's Competition Council has fined eight companies a total of RON163.71 million (EUR32 million) for participating in an anti-competitive agreement aimed at dividing the labor market in order to limit employee mobility while keep human resource costs low.