Banks-Insurance
Private Pension Funds’ Net Assets Up 3.2% In April, To Nearly RON8B
The net assets of Romanian mandatory (Pillar II) and voluntary (III) private pension funds reached 7.99 billion lei (EUR1.79 billion) at the end of April, up 3.2% on the month, private pensi...
Private Equity Investments In Romania Halved To EUR66M In 2011
Romania fell one notch to fourth place in a ranking of the most attractive destinations for private equity funds in Central and Eastern Europe, after private equity firms halved their invest...
Leu In Free Fall: Exchange Rate Hits New Low Of 4.4411 Vs Euro
Romanian leu’s exchange rate fell for the third straight day to a fresh all-time low of 4.4411 against the euro, despite suspected interventions from the central bank to support the national...
CSA Received Three Bids For Employee Insurance Contract
Romanian insurance regulator CSA has received offers from Alico, Generali and ING Asigurari to provide life insurance for its 178 employees, through a contract worth an estimated 27.7 millio...
Erste: Romanian Economy At Risk From Eurozone
Continuing downward pressure on exports from the eurozone and a generally bleak international climate are likely to affect Romania’s economy in the second quarter, tilting the scales to the...
IT, Banking And Pharma Specialists Gain Highest Wages In Romania - Survey
Specialists in the IT, banking and pharmaceutical sectors gain the highest wages in Romania, but there are significant differences between medium and top manager positions, according to staf...
Leu Stays Around 4.44 Vs Euro In Quiet Trade
The Romanian leu traded around 4.44 versus the euro Tuesday morning, but the transferred voilumes were low as investors did not react to the economic data.
Romanian Economy Expected To Shrink In 1Q - Survey
Romania's economy has probably slid into technical recession in the first quarter, after shrinking 0.2% in the last three months of 2011, according to estimations from market analysts.
Romania Ups 2012 Public Debt Forecast To 34.2% Of GDP
The Romanian government revised upward its forecast on the public debt to 34.2% of the gross domestic product, from 33.9% of GDP previously, according to the country’s latest convergence pro...