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Banks-Insurance

UNSAR: Romanian Life Insurance Market Seen Up 5% This Year

Romania’s life insurance market could grow as much as 5% this year, after a 2.3% increase in 2010, as insurers join efforts to educate clients and create new products and services adapted to...

Gavrila Oana · 28.04.2011 · 13:48 · 1 min
Banks-Insurance

Romanian Private Pension Funds’ 2010 Net Profits Total RON448M, Up 61% On Year

Romania’s mandatory and voluntary private pension funds registered aggregated net profit of 448.1 million lei (EUR106 million) in 2010, up 61% on the year, according to data released by the...

ZF English · 28.04.2011 · 12:15 · 1 min
Analysis

INS: Executives See Economic Activity Slightly Up In Q2

Romanian companies estimate economic activity will pick up in the second quarter of 2011 from a quarter before, with the constructions sector set up to improve more vigorously, the statistic...

Florentina Dragu · 28.04.2011 · 10:04 · 1 min
Analysis

UPDATE: IMF Has ‘No Doubts’ On Romania 2010 Deficit Data - Official

(adds Finance Minister comments, details in grafs 11-13)

Florentina Dragu · 27.04.2011 · 13:21 · 2 min
IMF Has ‘No Doubts’ On Romania 2010 Deficit Data - Official
Macroeconomics

IMF Has ‘No Doubts’ On Romania 2010 Deficit Data - Official

The International Monetary Fund has “no doubts whatsoever” on the quality of the budgetary data sent by Romania for 2010, the country’s representative to the IMF said Wednesday.

Florentina Dragu · 27.04.2011 · 13:08 · 2 min
Macroeconomics

Romania's Industrial Orders Fall At Fastest Pace In EU In February

Romanian industrial new orders fell 4.7% on the month in February, the fastest decline in the European Union, official data showed Wednesday.

Florentina Dragu · 27.04.2011 · 12:51 · 1 min
Macroeconomics

Romania March Private Lending Falls 1.9% On Month To RON204B

Romanian private lending fell 1.9% in real terms to 203.9 billion lei (EUR50.05 billion) in March from a month earlier, and was down 5.3% on the year, central bank data showed Wednesday.

Florentina Dragu · 27.04.2011 · 12:50 · 1 min
Banks-Insurance

Romania's 1Q Budget Revenue +10.2% On Year To RON41.6B

Romanian budget revenues rose 10.2% on the year to 41.6 billion lei (EUR10.2 billion) in the first quarter, mostly fueled by higher income from the sales tax and excise duties, the Finance M...

Florentina Dragu · 26.04.2011 · 15:00 · 1 min
Macroeconomics

Romania Posts 11th Biggest Budget Gap In EU In 2010

Romania’s budget deficit stood at 6.4% of the gross domestic product in 2010, the 11th biggest gap across the European Union, official data showed Tuesday.

Florentina Dragu · 26.04.2011 · 12:47 · 1 min