Banks-Insurance
Leu Opens Down Vs Euro, Central Bank Allegedly Steps In
The Romanian leu opened Wednesday weaker against the euro, but it soon started to recover, prompting dealers to suspect an intervention from the central bank.
SIF Banat-Crisana Sells Last Shares In BCR
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Wednesday said that it has sold the last shares it held in lender BCR to Austrian Erste Group Bank (EBS.RO), and now it stands t...
CSA To Analyze Risk Management With Data From Auto Insurers
Romanian providers of civil auto liability insurance (RCA) may be required to send an estimate regarding the segment's indicators every year to the market regulator, CSA, to be used in a ris...
Leu Dips Vs Euro, Attuned To Region
Romania’s leu weakened against the euro Tuesday, tracking the currencies in the region, and closed at 4.371/4.372 units, from 4.368/4.3685 units a day earlier.
Ungureanu: I Can Make No Promises About Restoring Public Sector Wages
Romanian Prime Minister Mihai Razvan Ungureanu told unionists at a meeting Tuesday that he is preoccupied about restoring public wages to pre-austerity levels, but will make no promises, hop...
Government Falsely Informed IMF About Obligation Fulfillment
Romania's Government has falsely informed the IMF that it has eliminated restrictions against the opening of large retail centers, and the letter of intent that includes this claim has been...
Leu Loses Early Gains Vs Euro, Exchange Rate At 4.3696
Romania’s leu lost its earlier gains versus the euro by midday Tuesday and the central bank’s reference weakened slightly to 4.3696 units, from 4.3683 units in the previous day.
Aviva Asigurari De Viata’s Revenues Fell 18% In 2011, To RON73.3M
Romanian insurer Aviva Asigurari de Viata’s revenues from underwritten premiums dropped 18% in 2011 to 73.3 million lei (EUR16.7 million), due to the decrease registered on the bancassurance...
Banca Transilvania Holder Proposes Buy-Back Of Up To 0.84% Stock
A shareholder of Romanian lender Banca Transilvania (TLV.RO) Tuesday proposed the bank launch a buy-back program for a stake of up to 0.84%, valued at 16.8 million lei (EUR3.8 million).