Banks-Insurance
Leu Opens Up Vs Euro On Low Volumes
The Romanian leu strengthened against the euro in early trade Thursday, after several sessions in which it lost significant ground and the central bank's reference rate touched consecutive a...
Real Estate Financing: Harder To Get, More Risks To Take
Banks are still reluctant to lend to real estate investors, so developers have to take more risks if they want to continue their projects and remain on the market, according to information p...
Fitch Sees Romania GDP Growth At 1.6% In 2012, Mirroring CEE Performance
Romania's economic growth is likely to slow down to 1.6% in 2012, from 2.5% a year earlier, in line with the general evolution forecast for the Central and Eastern Europe, a report from Fitc...
Leu Recoups Vs Euro, In Line With Region
Romania’s leu recovered earlier losses against the euro in late trade Wednesday, tracking the currencies in the region, and closed modestly higher on the day at 4.4385/4.44 units.
Romania Approves Taking Out EUR1B Loan From World Bank
The Romanian government approved taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister Victor Ponta said Wednesday.
Romania To Appoint New Representative To IMF - Sources
Serban Matei, head of the market operations division with the Romanian central bank, will be appointed as the country’s new representative to the International Monetary Fund, official source...
Insurer Carpatica Asig Has New Management Team
Marian Mirzac and Cosmin Angheluta, former executive managers of Romanian insurer Astra Asigurari, were appointed general manager and deputy general manager, respectively, of insurance compa...
Former Sales Director Of Platinum Asigurari Appointed Commercial Director Of FATA Asigurari
Dan Stoian, former sales director at Romanian insurer Platinum Asigurari, has been appointed commercial director of FATA Asigurari, according to data on social networking website LinkedIn.
Leu Exchange Rate Hits New Low Of 4.4463 Vs Euro
The Romanian central bank was in the market to prevent a too steep depreciation of the leu, but the reference rate weakened for the fourth day in a row to a fresh all-time low of 4.4463 to t...