Banks-Insurance
Insurer PAID Sees Underwritten Premiums Fall 71% In 2012, Losses Of Up To RON1.9M
Romania's Pool of Insurance against Disasters (PAID) will underwrite premiums of 10.3 million lei (EUR2.3 million) in 2012, down 71% on the year, and will switch to losses of RON1.9 million...
AXA Life Insurance Romania Wants To Double Underwritten Premiums To RON49M In 2012
AXA Life Insurance Romania wants to double revenues from underwritten premiums this year to 49 million lei (EUR11 million), the insurer’s sales manager, Dan Buta, told a news conference Tues...
Leu In Ranges Vs Euro, Exchange Rate At 4.4626
The Romanian leu stayed above 4.46 against the euro in mid-trade Tuesday, and the central bank set the exchange rate at 4.4626 units, slightly stronger from 4.464 units in the previous day.
E&Y: Romania's M&A Market Doubled To $800M In Jan-May
The estimated value of mergers and acquisitions (M&A) closed in the first five months in Romania stands at around $800 million, almost double compared with the figure in the same period of 2...
Leu Trades Slightly Up Vs Euro On Low Volumes
The Romanian leu opened slightly up versus the euro Tuesday, trading around 4.46 units in the first hour, as the markets are waiting for a key report on investors' confidence in Germany late...
High Car Insurance Claims Drive Omniasig To EUR41M Loss
Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year...
Leu Ends At 4.466 Vs Euro, After Quiet Session
The Romanian leu closed at around 4.466 against the euro Monday, after a relatively calm session, with low transferred volumes, dealers said.
Romania Rejects All Bids At 1-Year T-Bills Auction
Romania’s Finance Ministry on Monday rejected all bids at an one-year treasury-bills auction, citing unacceptable yields.
Private Pension Funds' Net Assets Up 2.1% In May, To RON8.17B
Romania's mandatory (Pillar II) and voluntary (Pillar III) private pension funds reported net assets worth 8.17 billion lei (EUR1.83 billion) at the end of May, up 2.15% on the month, accord...