Mathematical finance

National Bank of Romania maintains key interest rate at 2.50pct per annum

The Board of the National Bank of Romania (BNR) decided at its meeting on Tuesday to maintain the key interest rate at the level of 2.50pct per annum and to maintain the current levels of the mandatory minimum reserves for liabilities in lei and in foreign currencies of credit institutions, the central bank announced.

Traders wary of Motor Oil expansion

Investors appear wary of the expansion of listed group Motor Oil into the domain of the media. The company's stock, one of the most reliable and stable securities on the Greek stock market, started sliding on the day after the announcement of the acquisition of a 50 percent stake in broadcaster Alpha TV, shedding almost 20 percent of its value in just two days.