Banks-Insurance
Romania Will Simplify Home Insurance Procedures
Romanian homeowners who want to buy voluntary home insurance to cover damages that exceed mandatory home insurance coverage will sign only one contract, not two, according to the Pool of Ins...
BCR And BRD Get Another EUR105 Million For First Home Loans
BCR and BRD, Romania’s leading banks, got an additional EUR105 million to their guarantee cap for the sale of mortgage loans via the government-backed “First Home” scheme.
Austria’s Erste Launches Buyout Offer For 0.14% In BCR
Austria’s Erste Group Bank AG (EBS.RO) Thursday launched a buyout offer for a stake of 0.14% in Romanian lender BCR, which could bring its total holding in the local bank to 93.41%.
Mom Best Financial Role Model For Romanian Teens, Survey Shows
Mothers trump Bill Gates as most influential financial figures among teenagers
Romania Sells RON600M 1-Year T-Bills; Yield Rises To 6.1%
Romania’s Finance Ministry on Thursday sold 599.8 million lei (EUR133.8 million) in one-year treasury bills at an the average yield of 6.07% a year, higher than at the previous auction.
Some Romanian Laws May Shock German Investors – Businessman
German investors who plan to enter the Romanian market should expect the unexpected in what concerns the local legislation, because the political decisions made in Romania don’t consider the...
BNR Asks Banks' H1 Financial Statement Audit To Play Safe
Romania’s central bank is expecting all bankers to submit their audited first-half financial statements, as the market supervisors are now watching more strictly than ever how banks set up p...
Insolvent Asmita Gardens To Be Reorganized, Creditor Alpha Bank Loses At Least EUR15M
The creditors of Asmita Gardens, one of Bucharest’s largest residential compounds, have approved its reorganization plan, which states that the main creditor, Alpha Bank Romania, will recove...
UNIQA Asigurari de Viata Appoints Paul Cazacu As Board Deputy Chairman
The supervisory board of Romanian life insurer UNIQA Asigurari de Viata appointed the company’s financial director Paul Cazacu as deputy chairman of the board of directors, the insurer said...