Banks-Insurance
Romania, Jittery As It Awaits Greek Government’s EUR18B Injection Into Banks
The strong local presence of Greek-held banks raises tough questions for Romania. Who will be able to replace the financing and how will they do it? The Greek banks are awaiting impatiently...
Treasury Chief Says New Debt Management Plan To Cap Annual Cost Of Public Debt Service
Updating Romania’s public debt management strategy, with an emphasis on limiting the annual rates and interests as share of the gross domestic product, stimulating authorized primary dealers...
Leu Slides Vs Euro On Negative Sentiment
Romania’s leu widened early losses against the euro in late trade Tuesday, tracking the currencies in the region, and closed around 0.3% weaker on the day at 4.4525/4.454 to the euro.
About 70% Of Romanians Not Willing To Buy Private Health Insurance - Survey
Most Romanians (70%) are not willing to buy private health insurance, mainly because they lack money and confidence in the local healthcare system, according to an IMAS survey conducted at t...
Leu Down Vs Euro, Exchange Rate At 4.4452
Romania’s leu edged lower against the euro by midday Tuesday and the central bank’s reference weakened 0.1% to 4.4452 units, from 4.4408 units a day earlier.
CEC Bank Net Profit Rises 27% To RON67.4M In 2011
Romanian state-owned lender CEC Bank Tuesday reported a 26.6% increase in its net profit to 67.4 million lei (roughly EUR15.2 million) in 2011, on higher revenue from lending.
Allianz-Tiriac CEO: Subsidiaries Of Foreign Insurers Must Rely On Their Own Resources
Romanian subsidiaries of foreign insurance companies should rely more on their own efforts and less on potential capital inflows from shareholders who are highly unlikely to keep operating c...
Omniasig: 2012 Will Be A Difficult Year For Insurance, Slight Growth Expected
This year will be difficult for the insurance market, with a slight growth in underwritings, said Mihai Tecau, CEO of Romanian insurer Omniasig (formerly BCR Asigurari).
Romanian Insurance Market Up 0.35% On Year In 1Q, To RON2.17B
Romania’s general and life insurance market increased 0.35% in the first quarter of the year, to 2.17 billion lei (EUR488 million), fueled by the general insurance segment which saw a 0.55%...