Banks-Insurance
BNR Caps Repo Operations For Fourth Straight Time
Romania’s central bank (BNR) has capped the amount offered at its weekly repurchasing operations for a fourth consecutive time Monday, according to bank data.
Leu Up Vs Euro In Early Trade On Low Volumes
The Romanian leu rose against the euro Monday morning, and it touched an early high at 4.459 units, in a quiet market with very low volumes transferred, dealers said.
BCR Asigurari de Viata’s 1H Underwritten Premiums Up 9% On Year, To RON182.1M
Romanian life insurer BCR Asigurari de Viata, part of Austria's Vienna Insurance Group (VIG), underwrote gross premiums of 182.17 million lei (EUR40.64 million) in the first half of 2012, up...
Mandatory Private Pension Funds Post RON336M Profit In 1H
Romania's mandatory private pension funds (Pillar II) reported net profit of 335.81 million lei (EUR75 million) in the first half of 2012, up almost 2.5 times on the RON138.94 million posted...
Leu Strengthens To 4.47 Vs Euro On Suspected Central Bank Intervention
Romania’s leu firm against the euro Friday and closed 0.3% stronger on the day, with dealers suspecting a covert intervention from the central bank to support the national currency.
Electrica To Select Advisors For Units Sale By October 1
Romanian state-run power company Electrica SA will select advisors for the privatization of its units Electrica Furnizare and Electrica Serv on September 25 and October 1, respectively, the...
Leu Trades Below 4.49 Vs Euro In Early Session
The Romanian leu stayed in a narrow range against the euro in early trade Friday, in a quiet market with low transferred volumes.
Government Postpones Application Of Electronic Invoice For 2013
Romania's Government has postponed the application of rules on the electronic registration of commercial operations, as per a law adopted in July, until January 1, 2013.
Government Approves Budget Revision, Raises Social Security Costs
Revenues to Romania's state budget have been reduced by 0.4% of the GDP and expenses by 0.2%, while the social security budgets have received an extra 370 million lei (EUR82 million) in the...