Banks-Insurance
Leu Ends Slightly Down Vs Euro After Apathetic Trading
The Romanian leu stayed below 4.375 to the euro in late trade Wednesday, closing slightly weaker on the day after an apathetic session with very low transferred volumes.
UniCredit Tiriac Bank Might Issue Covered Bonds
Romanian lender UniCredit Tiriac Bank is interested in issuing covered bonds, depending on legislation and costs, as a method to obtain long-term financing, the bank’s chief executive office...
Palatul Universul Owner Goes Insolvent
The Bucharest Court approved an insolvency claim filed by Cyprus-registered BJJ Universul Development, owner of landmark building Palatul Universul in Bucharest, since it is unable to pay de...
UniCredit Tiriac Bank Cuts RON0.5B Off Provisions After IFRS Introduction
Romanian lender UniCredit Tiriac Bank freed up some 550 million lei (EUR125.7 million) from its provisions by switching to international financial reporting standards (IFRS) from the local s...
Leu Slides Vs Euro, Exchange Rate At 4.3737
The Romanian leu traded in narrow ranges against the euro in the first part of Wednesday sesssion, and the central bank's indicative weakened 0.1% to 4.3737 units.
EU To Fund EUR30.1M Projects Via Romania- Serbia IPA Cross-border Cooperation Program
The committee monitoring the Romania – Republic of Serbia Cross-border Cooperation program has approved 45 projects worth EUR30.1 million, which will be financed from European Union funds un...
Insurer Carpatica Asig Banks On 25% Increase In Underwritten Premiums In 2012
Romanian insurer Carpatica Asig wants to increase its gross underwritten premiums by 25% this year, after an about 30% drop in 2011 due to the decrease registered on the general insurance se...
Leu Opens Flat Vs Euro In Quiet Market
The Romanian leu traded around 4.37 against the euro in the first hour of Wednesday's session, but the transferred volumes were reduced.
EUR84M Worth Of Life Insurance Contracts Cancelled By Policyholders Last Year
Life insurance companies lost several tens of thousands of accounts last year, as they were closed by customers who needed the money after seeing their income shrink because of the difficult...