Banks-Insurance
Leu In Ranges Vs Euro, Exchange Rate Weakens Slightly To 4.5396
Romania’s leu moved in a tight range against the euro by midday Friday, but the exchange rate weakened slightly to 4.5396 units, ending a four-day rally.
Romania Rejects All Bids In 2-Year Bonds Sale
Romanian Finance Ministry rejected all bids at a 400 million lei (EUR88.12 million) two-year bonds auction Thursday, citing high yields.
ING Asigurari de Viata 1H Underwritten Premiums Down 1.1% To RON270M
Romanian life insurer ING Asigurari de Viata reported underwritten premiums of 269.7 million lei (EUR59.4 million) in the first half of 2012, down 1.1% from RON272.7 million in the same peri...
Finance Ministry Tries To Persuade IMF To Accept Measures To Stimulate Growth
The end of the week is expected to bring heated discussions between the Ponta government and the International Monetary Fund (IMF), as authorities make a last attempt to persuade foreign exp...
Romania May Stop Funding City Halls Which Spent Money From Previous Government Improperly
Romania’s Finance Ministry will stop payments from income tax and VAT collections provided to local authorities, for the city halls which received money from the Government's reserve fund du...
New Rules Regarding Voluntary Home Insurance In Effect Starting September 1
Romanian insurers will be allowed to issue starting September 1, 2012 voluntary home insurance policies only for sums higher than those covered by mandatory home insurance policies, which ra...
Eureko Asigurari's Portfolio Shrunk 8.9% In 2011
The portfolio of Romanian insurer Eureko Asigurari shrunk by 8.9% last year, to 34,738 contracts, while revenue from underwritten premiums climbed 1.7% to 42.04 million lei (EUR9.26 million)...
Government Might Change VAT Payment Rules By Yearend
Romania’s Government might implement by January 1, 2013 at the latest a new value added tax payment system allowing companies with turnovers of up to EUR500,000 to pay VAT upon cashing in in...
Economy Ministry Signs Financing Contracts Worth RON51M With 7 Firms
Romania’s Economy Ministry said Wednesday it signed 7 non-reimbursable financing contracts of 233.2 million lei (EUR51.3 million) early August, within the EU-funded program targeting product...