Banks-Insurance
Retailer cora To Rely On Romanian Produce Suppliers More If Leu Continues Fall Against Euro
Belgian-owned retailer cora Romania will rely more on local suppliers for produce if the Romanian leu continues its depreciation against the euro over the next six months, said company direc...
Finance Ministry Uses Foreign Currency Buffer, Pushes ROBOR Below 2%
Sales of foreign currency from the reserve of the state’s Treasury to central bank BNR, a significantly lower offering of short-term government securities, the halving of overall amounts bor...
Insurance Market Net Loss Up Eight Times In 2011 To RON330M
Romania's insurance sector posted net losses of 329.7 million lei (EUR72.2 million) in 2011, up eight times compared with 2010, according to Finance Ministry data centralized by MEDIAFAX.
LeasePlan Romania 1H Turnover Up 36% On Year In 2012, At EUR19M
Car leasing company LeasePlan Romania reported a turnover of EUR19 million in the first half of 2012, up 36% from the same period a year before, the company said Tuesday.
Astra, Omniasig, Platinum To Insure Interior Ministry Helicopters For EUR4.9M
Romania's General Aviation Inspectorate will insure its helicopter fleet with Astra, Omniasig and Platinum Asigurari for 22.15 million lei (EUR4.9 million) over the next four years.
Competition Watchdog Approves Romstrade's Takeover Of ABC Asigurari
Romania's competition watchdog in June authorized the takeover of insurer ABC Asigurari by construction company Romstrade, owned by Nelu Iordache, for EUR6.7 million.
Romania Sells RON185M 2-Year Bonds; Yield Flat At 6%
The Romanian Finance Ministry has raised only 184.8 million lei (EUR40.5 million) at a two-year bond sale Monday, well below the planned amount, in a bid to keep yields steady.
BNR Pumps RON8.2B Into Market
Romania's central bank Monday injected 8.21 billion lei (EUR1.8 billion) into the market in a one-week repurchase agreement operation at an interest rate of 5.25% a year, equal to the moneta...
Firms That Pay Off Debts To State Budget In Sept-Dec Won’t Pay Penalties
Romanian firms that have debts to the state budget will be exempted from paying penalties if they pay off the debt and the late payment interest between September 1 and December 31, 2012, Pr...