Banks-Insurance
PAID Shareholders Want To Issue Mandatory Home Insurance Policies Themselves
The new strategy of Romania's Pool of Insurance Against Disasters (PAID) is to raise the premium for mandatory home insurance and allow only PAID shareholders to sell such policies.
Erste: Romania To Continue IMF Agreement, As EU Fiscal Pact Leaves Few Options
Romania will continue the agreement with the International Monetary Fund and the European Union, because is has few alternatives in the context of the new European fiscal pact, Erste Group s...
Leu Ends 0.4% Lower As Government Collapses
Romania’s leu closed a touch below 4.395 per euro at the end of a nervous session Friday during which it fell to an all-time low of 4.4 per euro shortly after the government was toppled in a...
Romania Plans To Sell RON3.8B Treasuries In May
Romania’s Finance Ministry plans to sell state paper worth 3.8 billion lei (EUR865.6 million) in May, down from RON4.9 billion sold a month earlier, ministry data showed Friday.
Erste: Romania Better Off Without Technocrat Government In Long-Run
A government headed by Social-Democrat Victor Ponta could be a better alternative for Romania’s long-term political stability than a technocrat government, Austria’s Erste Group Bank AG (EBS...
Moody’s: Romania Outlook Incorporates ‘Fair Degree’ Of Political Uncertainty
Moody’s sovereign outlook on Romania came with a built-in leniency for persistent political uncertainty ahead of the parliamentary elections in the fall, and the government’s collapse should...
Leu Falls To Record Low Vs Euro Following Government Collapse
Romania’s leu fell to its weakest level ever, of 4.401 per euro, after the a no-confidence vote in parliament toppled the center-right government less than three months from endorsement.
SMEs Facing Enforced Execution May Access Loans Guaranteed By State As Of July 1
Romanian small and medium companies facing enforced debt payment proceedings will have access, as of July 1, to loans with government guarantees and counter-guarantees, as long as their dest...
Leu Recoups Vs Euro, Exchange Rate At 4.3747
Romania’s leu recovered earlier losses against the euro by midday Friday and the central bank’s reference strengthened slightly to 4.3747 units, from 4.3757 units a day earlier.