Banks-Insurance
Libra Internet Bank 1H Profit More Than Halves To RON4M
Romanian lender Libra Internet Bank Wednesday said its net profit more than halved to approximately 4 million lei (EUR0.87 million) in the first half, from RON9.15 million in the same period...
Aviva Completes Sale Of Life Insurance Operations In Romania, Hungary, Czech Republic
London-based insurer Aviva announced Wednesday it has completed selling its life insurance operations in Romania, Hungary and the Czech Republic to the local subsidiaries of U.S. insurer Met...
Leu Loses Ground Vs Euro In Early Trade
Romania’s leu inched lower against the euro Wednesday, nearing 4.59 units amid low traded volumes.
Banca Transilvania 1H Net Profit Rises 47% To RON179.6M
Romanian lender Banca Transilvania (TLV.RO) Wednesday said its net profit rose 47% on the year to 179.6 million lei (EUR40.9 million) in the first half, fueled by a 12% increase in operating...
Romania, IMF Should Take Agreement To The Next Level - Official
Romania could use the International Monetary Fund’s flexible credit line facility for its planned new financial agreement with the institution, just as Poland did when it decided to secure p...
Leu Closes Down Vs Euro On High FX Demand
Romania’s leu weakened against the euro Tuesday, amid increased demand for foreign currency, and closed at 4.58/4.582 units, from 4.565/4.567 units a day earlier.
BNR To Leave Key Rate On Hold Thursday - Poll
Romania’s central bank is likely to leave its key rate unchanged at a historic low of 5.25% for a third straight time at its monetary policy meeting due August 2, banking analysts said Tuesd...
Government Sets New Trade Register Fee System Hoping To Collect RON100M Yearly
Romania’s Government will implement a new system setting fees for services to firms and self employed people registered with the Trade Register, hoping to collect over 100 million lei (EUR21...
Romania Plans To Sell RON2.5B Of Debt In August
Romania’s Finance Ministry plans to sell state paper worth 2.5 billion lei (EUR547 million) in August, up from RON1.5 billion sold a month earlier, ministry data showed Tuesday.