Banks-Insurance
Leu Recoups Lost Ground After Court Decision, Exchange Rate At 4.4987 Vs Euro
The Romanian leu returned into positive territory, after initially losing ground in short time following the Consitutional Court's decision to invalidate the President's impeachment vote, de...
Large Banks Still Spend More Than Half Of Expense Budgets On Salaries
BCR, BRD and Banca Transilvania, the three largest banks on the Romanian market, spent more than 1.8 billion lei (EUR0.4 billion) on employee salaries last year. This means 56% to 59% of the...
Romanians Paid EUR2.4B By Card For Shopping In H1
Romanians paid 10.4 billion lei (almost EUR2.4 billion) worth of shopping by card in the first half, up 22% year-on-year. One fifth of this amount was spent in shops abroad, according to Rom...
Leu Ends Down Vs Euro In Quiet Market
Romania’s leu closed down against the euro Monday, nearing the 4.5 threshold, in a quiet market and amid low traded volumes.
Insurers: We Cannot Say If The New Healthcare Bill Is Attractive Unless We Have A Clear Basic Healthcare Package
Launching for debate the new healthcare bill has left insurance companies in the dark again, as they are faced with the same difficulties, said Theodor Alexandrescu, general manager of insur...
Romania Rejects All Bids At 1-Year T-Bills Auction
Romania’s Finance Ministry on Monday rejected all bids at an one-year treasury-bills auction, citing unacceptable yields.
Private Pension Funds Gained 330,000 Participants In Last 12 Months
Romania's mandatory and voluntary private pension funds gained 332,190 contributors between July 2011 and July 2012, growing from 5.34 million to 5.67 million participants, according to data...
ING: No Positive Outcome For Leu Whatever The Court Decides
Tuesday’s decision of Romania’s Constitutional Court on the referendum for the President’s impeachment will have no positive impact for the leu, according to an analysis of ING Bank.
Romania Central Bank Caps Repo Operations For Third Time
Romania’s central bank has capped the amount offered at its weekly repurchase operations for a third consecutive time Monday, according to bank data.