Banks-Insurance
Bucharest Court Of Appeals Overrules Romexpo’s Request To Temporarily Suspend Insolvency Procedures
Insolvency procedures against Romanian expo center Romexpo will continue after the Bucharest Court of Appeals overruled Tuesday the center’s request to temporarily suspend the application of...
BCR Asigurari de Viata Plans To Hike Capital By RON11M, To RON33M
The shareholders of Romanian life insurance company BCR Asigurari de Viata will discuss in July the decision to increase the company’s share capital by 11.04 million lei (EUR2.47 million), t...
Asirom Expects 7% Higher Revenue In 2012, From RON628M In 2011
Romanian insurer Asirom plans to increase its revenue from premiums by 5%-7% this year, from 627.9 million lei (EUR140.8 million) in 2011, and post net profit similar to last year's RON7.2 m...
Over 50% Of Romanian Homes Overcrowded, Highest Level In EU - Alpha Bank Official
More than half of Romanian homes are overcrowded, the highest level in the European Union, Alpha Bank president Sergiu Oprescu said Tuesday, adding that the country also has the highest numb...
Leu Rises Vs Euro, Exchange Rate At 4.4587 Units
The Romanian leu rose against the euro in mid-trade Tuesday, on a suspected central bank intervention, and the official exchange rate was set at 4.4587 units, slightly stronger on the day.
Romania To Pay VAT Refunds Worth Over RON1B In June
Romanian tax authority ANAF said Tuesday it will pay value added tax refunds worth 1.08 billion lei (EUR242 million) in June, of which RON70.5 million represents compensations.
S&P Places Romania's Transgaz 'BB+' Rating On Watch Negative
Standard & Poor's Ratings Services placed its 'BB+' long-term foreign and local currency corporate credit ratings on Romanian natural gas transmission system operator Transgaz Medias (TGN.RO...
Leu Trades Flat Vs Euro In Quiet Market
The Romanian leu opened around 4.465 against the euro Tuesday and traded close to this level in the first hour of trading, in a quiet market, dealers said.
Constantin Toma Sells 67% In Insurer Platinum To Gothaer
Constantin Toma, the man who created and ran Omniasig for sixteen years until 2011, sold the controlling interests in non-life insurance company Platinum to Germany’s Gothaer.