Banks-Insurance
BNR: Economy Unlikely To Benefit From A Weaker Leu
The Romanian economy is unlikely to benefit from a weaker leu, because local production capacity is insufficient to sustain a market less reliant on imports, the central bank’s head Mugur Is...
ANAF Must Pay Penalties Of RON6M To Refinery For Failing To Refund VAT
The Romanian High Court of Justice decided at the beginning of July that tax authority ANAF must pay interest of about 6 million lei (EUR1.3 million) to refinery Steaua Romana as penalty for...
Paying VAT After Invoices Are Cashed Is A Breath Of Fresh Air For Companies, But IMF And EU Consent Is Necessary
Payment of VAT when invoices are paid, not when they are issued, for companies with turnovers of up to EUR500,000, would be beneficial for companies with liquidity problems and could help ec...
Alico Wins Contract To Insure CSA Staff
Romania’s insurance market regulator CSA will pay insurer Alico 27.7 million (EUR6.1 million) in the next five years to insure its staff, people familiar with the matter told Mediafax Wednes...
Volksbank Romania Appoints New President
Volksbank Romania Wednesday said it has appointed Benoit Catel as president, replacing Johann Lurf who resigned in June.
Group Medical Insurance Market May Exceed EUR1.5B By 2016
Insurer Alico Asigurari Romania forecasts that group medical insurance market may exceed EUR1.5 billion by 2016, mainly due to the reform in the health sector, the company said Wednesday.
IFC Acquires 10% In Romania Transport Trade Services For EUR12M
The International Finance Corporation (IFC), member of the World Bank Group, is acquiring 10% of the share capital of Romanian Transport Trade Services (TTS) for EUR12 million, which will be...
Porsche Finance Group Romania Has New CEO As Of August
Porsche Finance Group Romania on Wednesday announced it has appointed Christoph Binder as chief executive officer, replacing Alexander Nekolar who was appointed member in Porsche Bank AG Sal...
Online Card Payments In Romania Seen Up 25% To EUR250M In 2012
Online card payments in Romania will exceed EUR250 million in 2012, from EUR200 million in 2011, and the number of transactions will reach five million, up 30% from 2011, according to Netopi...