Banks-Insurance
Certasig Insured Europa League Final Opening Ceremony For EUR6.2M
Certasig has insured the opening ceremony of the Europa League final for EUR6.2 million, the most expensive policy sealed by a Romanian insurer for a local event.
Leu Widens Loss Vs Euro, Exchange Rate Falls To 4.416
Romania’s leu retreated against the euro by midday Wednesday, pushed down by higher demand for foreign currency, and the central bank’s reference weakened 0.3% to 4.416 units, from 4.4032 un...
Romanian Privatization Calendar Sidetracked, Says IMF
The planned privatizations of state companies in Romania have been sidetracked following a series of unsuccessful auctions and the country should now focus on a shorter list of six enterpris...
ING Asigurari De Viata 1Q Premiums Flat At RON133.3M
Romanian insurer ING Asigurari de Viata reported underwritten premiums of 133.3 million lei (EUR30.185 million) in the first three months of the year, close to the RON133.5 million posted in...
IMF: Romanian Economy On Track, Except For Government Arrears
Romania met most of its quarterly targets under a EUR3.5 billion loan agreement with the International Monetary Fund, excepting in the general government arrears sector, IMF mission head Jef...
IMF, Romania Agree On New 2012 Budget Deficit Target
Romania and the International Monetary Fund have agreed to increase the budget deficit target to 2.2% of the gross domestic product in 2012, from 1.9% of GDP previously, IMF mission chief Je...
Leu Down Vs Euro In Early Trade
Romania’s leu opened lower against the euro Wednesday, tracking the currencies in the region amid speculations that financially-troubled Greece could be pushed out of the eurozone.
INS: Romania's Trade Gap Widens To EUR1.7B In First Quarter
Romania’s trade deficit widened to EUR1.69 billion in the first quarter, from EUR1.5 billion in the year-earlier period, the country’s statistics institute INS said Wednesday.
Budget, Treasury And Fiscal Authorities Keep Their Heads
Gheorghe Gherghina, also known as the “father of the budget”, Serban Pop, recently appointed at the helm of the fiscal authorities, and Cristian Sporis, the banker turned secretary of state...