Banks-Insurance
Leu Exchange Rate Climbs To 6-Week High Of 4.4924 Vs Euro
Romania’s leu lost its earlier gains versus the euro by midday Thursday, but the exchange rate strengthened 0.6% on the day to 4.4924 units, the highest level in six weeks.
Share Capital In Romanian Insurance Industry Dropped 3.4% In 2011, To RON4.04B
The share capital of Romanian insurers dropped 3.4% in 2011, to 4.04 billion lei (EUR952.8 million), according to the annual report release Thursday by the insurance regulator CSA.
Volksbank Cuts 170 Jobs And Restructures Its Network
Volksbank Romania, which ended last year with a loss of around EUR95 million according to international reporting standards, has decided to shed almost 170 jobs as part of restructuring meas...
IMF To Finance Ministry: Rebuild Your Forex Reserve For Emergency Situations
The International Monetary Fund (IMF) warns the Finance Ministry that its “fiscal buffer” has diminished, after the Treasury had attracted less than it had planned to in recent auctions beca...
Euroins Romania 1H Premiums Double To RON228M
Insurer Euroins Romania underwrote premiums of 228 million lei (EUR50 million) in the first half of the year, double compared to the same interval in 2011.
Romanian Insurance Market Up 2.7% In 1H, To RON4.13B
Romania's insurance market grew by 2.7% in the first six months of 2012, to 4.13 billion lei (EUR914 million), thanks to higher sales of general insurance policies, according to the data of...
Leu Extends Gains Vs Euro, Trades Below 4.5 Units
Romania’s leu extended its earlier gains versus the euro in late trade Tuesday, helped by growing foreign currency sales from non-residents, and closed 0.85% stronger on the day at 4.494/4.4...
IMF: Romanian Leu Balanced Vs Euro, Currency Has Room To Rise
Romania’s leu could appreciate slightly against the euro once the political upheaval unravels, according to estimates from the International Monetary Fund.
Leu Exchange Rate Hits 5-Week High Vs Euro, At 4.5186
Romania’s leu climbed against the euro by midday Tuesday and the exchange rate strengthened almost 0.3% on the day to 4.5186 units, the highest level in the past five weeks.