Banks-Insurance
Enterprise Investors Seeks EUR650M For New Investment Fund
Enterprise Investors (EI), one of the largest private equity firms in Central and Eastern Europe, plans to raise EUR650 million for a new investment fund, its eighth, targeting Romania and o...
BNR Injects RON5.85B Into Market
Romania's central bank (BNR) Monday added 5.85 billion lei (EUR1.33 billion) to the market in a one week repurchase agreement operation at an interest rate of 5.5% a year, equal to the monet...
Romania Private Lending -0.7% In February, To RON222.3B
Romanian private lending fell 0.7% in real terms to 222.28 billion lei (EUR50.8 billion) in February compared with the previous month on the back of a decrease in leu-denominated loans, cent...
Leu Opens Stronger Vs Euro, Amid Market Apathy
The Romanian leu opened stronger against the euro Monday, within a quiet market with very low traded volumes.
BCR Posts RON0.5B Loss In 2011
BCR, the largest Romanian bank, ended 2011 with a net loss of 511 million lei (EUR117 million) compared with a profit of RON55.4 million in 2010, according to its filings based on the Romani...
Mihai Tanasescu To Be Romania's First VP At EIB
Romanian former finance minister Mihai Tanasescu will be appointed vice-president of the European Investment Bank (EIB) for a six-year term, replacing Greek Plutarchos Sakellaris, the first...
Leu Dips Vs Euro On Rising Volumes
Romania’s leu closed slightly weaker against the euro Friday, amid increased appetite from investors.
Government To Set Up Credit Fund To Help Farmers Co-Finance EU-Funded Projects
The Romanian Government will create a credit fund meant to help farmers who want to carry out EU-funded projects co-finance investments, according to a draft emergency ordinance.
CSA To Insure Employees For Up To EUR200,000 Per Person
Romanian insurance market regulator CSA wants to buy life insurance for its 178 employees, with benefits ranging between EUR25,000 and EUR200,000 per person, through a contract worth an esti...