Banks-Insurance
Eureko Romania 1H Underwritten Premiums Down 0.6% To RON21.4M
Insurance company Eureko Romania underwrote premiums of 21.37 million lei (EUR4.74 million) in the first half of 2012, down 0.56% from the same period in 2011, the company said Tuesday.
UniCredit Tiriac Bank Names New Chief Economist
Romanian lender UniCredit Tiriac Bank named Catalina Molnar as chief economist, replacing Dan Bucsa, who was promoted at the group’s London office for emerging markets analysis and research.
Coface Romania’s Deputy CEO Promoted As Country Manager
Coface Romania named Constantin Coman, currently deputy general manager on services segment, as country manager starting October 1, replacing Cristian Ionescu.
CEC Bank Lending Rises 6.7% To RON11.2B In 8 Months
Romanian state-owned lender CEC Bank Tuesday said its loan portfolio was up 6.7% to 11.2 billion lei (EUR2.5 billion) at the end of August, from RON10.5 billion in December last year.
Leu In Ranges Vs Euro, Exchange Rate At 4.5026
Romania’s leu traded near 4.45 per euro by midday Tuesday and the central bank’s reference weakened slightly to 4.5026 units, from 4.4975 units a day earlier.
Bucharest Compound Cortina Residence Auctioned Off For EUR9.2M
Bucharest-based real estate compound Cortina Residence, under bankruptcy, will be auctioned off by its liquidator October 10, at a starting price of EUR9.2 million.
Parliament Approves Romania’s 2011 EU, IBRD Loans, Higher Contribution To IMF
Romania’s Parliament has approved Tuesday two of the country’s 2011 loan agreements with the European Union and the International Bank for Reconstruction and Development, respectively, and a...
Leu Falls Slightly Vs Euro, In Quiet Market
The Romanian leu slid against the euro in early trade Tuesday, on reduced volumes, nearing 4.5 units, according to dealers.
Forex Transactions Fall Below EUR34B In August, Despite Exchange Rate Volatility
Tensions calmed down on the Bucharest forex market in August, with the trading volume falling to a four-month low, at EUR33.7 billion, 15% lower than the monthly average for May-July.