Banks-Insurance
New Insurers Want To Join Mandatory Private Insurance Providers PAID
Omniasig, Allianz-Tiriac and Asirom - the three major insurers which are not part of the scheme that covers against natural hazards - are negotiating their entry into the shareholder structu...
Romania May Ease Price Requirements In Public Procurement Auctions
Romania’s Government wants to ease price requirements in public procurement auctions and reduce the level below which an offer is considered “unusually low” from 85% to 70% of the estimated...
Astra Asigurari Invests Over EUR4M In Opening Six Units In Hungary
Romanian insurer Astra Asigurari has invested over EUR4 million over the last three months in expanding its Hungarian network by six more units, four in Budapest, Miskolc, Pecs and Gyor, whi...
Czech PPF Bank Finances Construction Of Office Tower In Bucharest
Czech PPF Bank lent EUR39 million to Czech-based S Group Holding to develop an office tower in Romania's capital city, Bucharest.
UniCredit Tiriac Bank Could Get EUR150M In EIB Money
The European Investment Bank is considering extending a financing line of up to EUR150 million to Romanian UniCredit Tiriac Bank for on-lending to small- and medium-sized enterprises.
BCR BpL President Steps Down
Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) Friday said Alexandru Ciobanu has resigned from his position of president of the Board, his duties being taken over by the other...
Generali Romania To Hike Share Capital By RON46M
Insurer Generali Romania will discuss in a stockholder meeting October 12 a share capital increase by 46.01 million lei (EUR10.2 million), to RON179.1 million, in order to transform into sha...
Leu In Ranges Vs Euro, Exchange Rate At 4.5042
Romania’s leu moved in a tight range against the euro by midday Friday, while the exchange rate advanced modestly to 4.5042 units, from a one-month low of 4.45073 units in the previous day.
Prices Of Romanian Foreclosed Homes Fell 50% Due To Lack Of Buyers
Romanian banks and legal executors have adopted a more aggressive sale strategy in September and in some cases reduced the prices of foreclosed homes by up to 50%.