Banks-Insurance
BNR Reports Profit On Currency After Installment Repayment To IMF
Romanian central bank governor Mugur Isarescu Monday said the bank has made profit on currency movements after repaying the first tranche of the country’s EUR12.95 billion loan agreement wit...
Central Bank Caps Repo Loan Amount At RON6B
Romania’s central bank said it has capped at 6 billion lei (EUR1.3 billion) the amount offered at its weekly sale and repurchase agreement operation Monday, the first such restriction since...
Isarescu Says Leu’s Depreciation Vs Euro ‘Reasonable’
Romanian central bank governor Mugur Isarescu Monday said the leu’s depreciation against the euro has been within “reasonable” limits considering the latest developments on the local politic...
Central Bank Makes First Principal Payment On Romania’s IMF Loan As Leu Hits New Low
Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve.
UniCredit Tiriac Bank 1H Net Profit Falls 19% To RON75M
Romania’s UniCredit Tiriac Bank on Friday said its net profit fell 19% to 75 million lei (EUR16.13 million) in the first half, hurt by higher operating costs and lower revenue from interests...
Allianz’s 1H Underwritten Premiums In Romania Down 4.5% To EUR105M
The volume of insurance premiums underwritten by German group Allianz in Romania fell 4.5% to EUR105 million in the first half of 2012, compared with EUR110 million in the year-earlier perio...
EBRD Invests EU7.8M To Improve Water Services In Satu Mare
The European Bank for Reconstruction and Development has extended a 33.2 million lei (EUR7.8) loan to water utility Apaserv Satu Mare for water and wastewater infrastructure improvements in...
Businesspeople In Romania Call On Trade Register To Switch To Online Fee Payment System
The Association of Businesspeople in Romania, or AOAR, on Friday said it is absolutely necessary to introduce an online system for the payment of fees toward the National Trade Register Offi...
BNR: Foreigners Sold Billions In Romanian Treasuries
Romanian central bank governor Mugur Isarescu Thursday said foreign investors have sold government paper worth several billions of lei in the past months, which influenced the leu’s exchange...