Banks-Insurance
Romania’s Economic Growth Potential May Be Affected By Human Capital Erosion – PM Adviser
Turning domestic reserves to good account, accessing EU funds and attracting foreign resources will increase Romania’s economic growth potential to 4%-4.5%, while the deterioration of human...
Leu Steady Vs Euro, Exchange Rate At 4.4595
Romania’s leu traded near 4.46 per euro by midday Thursday and the central bank set the leu’s reference rate at 4.4595 per euro, virtually unchanged on the day.
Leu Stable Vs Euro; Sentiment Is Negative In The Region
The Romanian leu was mostly stable against the euro at the start of the Thursday session, but the sentiment in the region was negative after a new round of sovereign downgrades in the euro-z...
Erste Merges Its Funds Into A Giant One Of RON3.1B
Erste Asset Management, the asset manager of the BCR group, will merge its two largest funds, BCR Monetar and BCR Obligatiuni, into a giant fund with cumulated assets of 3.1 billion lei (aro...
Basescu Passes Law Ratifying EU Fiscal Stability Treaty
Romania’s President Traian Basescu on Wednesday passed the law ratifying the European Union's fiscal stability treaty signed in Brussels, the Presidency said in a press release.
Trade Registry: Company Insolvencies Down 20% In Jan-May 2012
Romania's Trade Registry on Wednesday said 7,427 companies filed for insolvency in the first five months of 2012, down by nearly 20% from 9,177 companies in the same period in 2011.
Leu Ends Flat Vs Euro In Sleepy Session
Romania’s leu moved in a tight range against the euro in a quiet session Wednesday and closed at 4.4615/4.463 units, little changed on the day.
SME Loan Guarantee Fund Granted Guarantees Of RON1.3B In Jan-May
The National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) offered 4,100 guarantees to firms in the first five months of 2012, which amounted to 1.3 billion lei (EUR291....
How Cocor Went From Making Profit To Falling Behind With Its Loans
Four years ago, when the old Cocor store closed for an extensive upgrade program, it was over 90% rented and the average rent stood at EUR47 per square meter. Cocor Bucuresti (COCR.RO), whic...