Banks-Insurance
Leu Loses Ground Vs Euro, Trades At 4.47 Units
The Romanian leu opened down against the euro in Wednesday trade, touching 4.47 units, while the central bank took action to ease down the decline amid political tensions in Parliament betwe...
International Turmoil And Shortage of Cash Keep Retail Lending Frozen
Romanians did not rush to borrow money from banks in the first half of the year despite promotional offers. Those who will seek to a get a loan soon might pay high interests and find it more...
EBRD Might Fund EUR104M Project For Water Infrastructure In Valcea County
The European Bank for Reconstruction and Development (EBRD) is considering granting a loan of up to EUR13.85 million, alongside EUR76.9 million in EU cohesion funds, to Romanian company Apav...
Astra OKs Insurer Setup In Georgia
The shareholders of Romanian insurer Astra (ATRA.RO) decided to set up an insurance-reinsurance company in Georgia and to contribute to its capital, the company said in a statement sent to t...
Leu Weakens Vs Euro Amid Political Tensions
Romania’s leu weakened against the euro in late trade Tuesday, amid raising volumes and political tensions in parliament between the parties in the governing coalition and the opposition.
Online Card Payments Through RomCard Hit EUR109.5M In 1H
Online card payments in Romania, processed by RomCard, amounted to EUR109.5 million in the first half of 2012, up 38% compared with the same interval a year ago, e-commerce solution provider...
CEC Bank Ups First Home Guarantee Ceiling By EUR11.5M
Romanian state-owned lender CEC Bank increased by EUR11.5 million the guarantee ceiling for the state supported “First Home” program this year, after the bank exhausted the amount initially...
Leu Stable Vs Euro, Exchange Rate At 4.4505
Romania’s leu traded near 4.45 per euro by midday Tuesday, while the central bank’s reference retreated slightly to 4.4505 units, from 4.4496 units a day earlier.
Leu Opens Flat Vs Euro In Thin Trade
The Romanian leu opened flat against the euro in a sleepy Tuesday morning and moved in a tight range in early action, amid low volumes.