Banks-Insurance
Omniasig-BCR Asigurari Merger Nears Completion
Omniasig and BCR Asigurari, controlled by Austrian insurer Vienna Insurance Group (VIG), will as of next month become one company with 2,400 employees and a territorial network of 350 branch...
NNDKP Partner Dragos Doros To Be Appointed State Secretary In Finance Ministry
Dragos Doros, formerly director within Romania's Finance Ministry and currently partner in the tax department of law firm Nestor Nestor Diculescu Kingston Petersen, returns to the Finance Mi...
Cemacon Seeks Advisor For Negotiations With BCR
Romanian brick maker Cemacon (CEON.RO) could pay over EUR300,000 to a financial adviser in negotiations aimed at reducing the debt owed to lender BCR by some EUR10 million.
Leu Ends Slightly Up Vs Euro In Sleepy Session
Romania’s leu traded slightly below 4.375 per euro for most of the session Thursday and closed modestly higher on the day, amid scarce volumes.
Banca Carpatica Eyes Return To Profit In 2012
Romanian lender Banca Comerciala Carpatica (BCC.RO) Thursday estimates it will return to profit in 2012 after three years of losses, largely helped by a 63% increase in corporate loans, acco...
Agriculture Minister Says Insurers Should Become More Flexible In Relation With Farmers
Romanian Agriculture Minister Stelian Fuia on Thursday said insurers should become more flexible in their relation with farmers and discard several absurd rules.
Romanian Farmers Are On Their Knees Before Foreign Banks – Minister
Romanian farmers and local communities are on their knees before foreign banks, so the agricultural sector needs a farmers' bank, minister Stelian Fuia told MEDIAFAX on Thursday.
Romania Sells RON800M 2-Year Bonds At 5.5% Average Yield
Romania’s Finance Ministry on Monday sold a planned 800 million lei (EUR182.9 million) in two-year bonds, at an average yield of 5.5% a year, slightly lower than at the previous auction.
Leu Stable Vs Euro, Exchange Rate At 4.3741
Romania’s leu traded in narrow ranges against the euro by midday Thursday and the central bank’s reference advanced marginally to 4.3741 units, from 4.3746 units a day earlier.