Banks-Insurance
AXA Insurance Romania CEO To Also Take Over AXA Insurance Hungary
Violeta Ciurel, CEO and president of AXA Life Insurance Romania, will also take over as president of AXA Insurance Hungary, starting on July 1.
Leu In Ranges Vs Euro, Exchange Rate At 4.4593
Romania’s leu traded in narrow ranges against the euro by midday Wednesday and the central bank’s reference retreated modestly to 4.4593 units, from 4.4587 units a day earlier.
Number Of Insolvencies Might Fall Visibly In 2012 – Coface Romania
The number of insolvencies might fall significantly this year considering the insolvency drop seen in all activity sectors in the first quarter of the year, the most noticeable decrease over...
Insurers That Sell General Insurance Policies Face Losses - CSA Head
The acquisition costs, reserves and damages paid by Romanian insurers that sell general insurance policies exceed revenues from underwritten premiums on this segment, Constantin Buzoianu, pr...
Leu Stable Vs Euro In Early Quiet Trade
The Romanian leu was stable against the euro in early trade Wednesday, staying above 4.46 units in a quiet market, dealers said.
Carpatica Shares Recover From Shock Of Carabulea’s Conviction
The sentencing of Ilie Carabulea, Banca Carpatica (BCC.RO)’s largest shareholder, to 18 months in prison for bribery came as a shock to the market. The bank’s shares have somewhat recovered...
Finance Ministry Pays More And Borrows Less On Local Market
Yields on government bonds have risen again in the past few weeks as has Romania’s CDS, as well as interest rates on the interbank market. This at a time when risk aversion in Europe is on t...
World Bank Approves EUR1B Loan For Romania
The World Bank's Board of Executive Directors on Tuesday approved a EUR1 billion precautionary loan for Romania, the Finance Ministry informs.
Bucharest Less Expensive For Expats In 2012 - Survey
Bucharest is the world’s 176th most expensive city for expatriates, and the cost of living in the Romanian capital decreased this year compared to 2011, when the city was ranked 152nd, accor...