Banks-Insurance
Romanian Insurers Cut 2,400 Staff During Crisis
Six of the ten largest insurance companies performed double-digit staff cuts during the crisis to keep spending in check after policy sales had collapsed. The ten largest insurance companies...
Romania To Contribute EUR52.4M To EIB Capital Raise
Romania’s Government agreed in principle Saturday to contribute EUR52.395 million to the share capital of the European Investment Bank (EIB).
Astra Asigurari 1H Net Profit Down 60.3% To RON31.9M
Romanian insurer Astra Asigurari registered a net profit of 31.9 million lei (EUR7.1 million) in the first half of 2012, down 60.3% on the year.
Romania Plans To Sell RON3.3B Of Debt In September
Romania’s Finance Ministry plans to sell state paper worth 3.3 billion lei (EUR million) in September, up from RON1.4 billion sold a month earlier.
Bram Boon Returns As CEO Of ING Asigurari de Viata
Bram Boon, former CEO of Romanian insurer ING Asigurari de Viata between 2004 and 2008, will return to lead the company, after Cornelia Coman took over the management of ING Asigurari de Via...
Leu Ends Down Vs Euro After Quiet Session
The Romanian leu lost some ground against the euro in late trade Friday, after a quiet session in which the local currency posted minor changes.
Leu Exchange Rate Gains Slightly To 4.4595 Vs Euro
The Romanian leu traded in a narrow range in the first part of Friday's interbank session, and the central bank set the official exchange rate at 4.4595 versus euro, slightly stronger from 4...
Leu Firms Vs Euro, Unlike Neighbors
Romania’s leu strengthened against the euro in late trade Thursday, helped by growing foreign currency sales, and closed the session at 4.454/4.457 units, from 4.4715/4.4755 units a day earl...
EU Survey: Romania Economic Sentiment Dips In August For Fourth Straight Month
Romania’s economic sentiment index fell 2.1 points to 94 in August, due to investor pessimism in most sectors except industry, a European Commission monthly survey showed Thursday.