Banks-Insurance
Romania Sells RON1B 5-Year Bonds At 6.16% Average Yield
Romania’s Finance Ministry on Thursday sold a planned 1 billion lei (EUR228 million) in five years bonds, at an average yield of 6.16% a year, lower than at the previous auction.
MetLife Completes Reorganization, Includes Romania In Its Central Europe Business Area
U.S. insurer MetLife included Romania in its Central Europe business area, following reorganization, and reconfirmed Theodor Alexandrescu and Mihai Coca-Cozma as general managers of insurer...
2012 Banking Year Starts With Several Uncertainties
As if the uncertainty coming from foreign markets were not enough, the 2012 banking year appears to be marked by a number of doubts arising from within it and calling for an answer to be fou...
UniCredit Tiriac Bank 2011 Net Profit Falls 7% To RON160M
Romania’s UniCredit Tiriac Bank on Thursday said its net profit slid 7% to 159.4 million lei (roughly EUR38 million) in 2011, on higher operating costs and lower revenue from interests.
Leu Ends Higher Vs Euro, Unlike Neighbors
Romania’s leu edged higher against the euro in late trade Wednesday and market participants suspect the central bank has stepped in to support the national currency, which has weakened over...
Romania Signs New EEA, Norwegian Grants Agreements
Romanian authorities Wednesday signed agreements on a new round of grants from the European Economic Area (EEA) and the Norwegian Financing Mechanism.
Erste Extends BCR Buyback Deadline Until May 25
Erste Group Bank (EBS.RO), majority holder of Romanian lender BCR, extended until May 25 the deadline for the operation where it plans to buy a 0.365% stake in BCR.
CSA Authorizes Omniasig-BCR Asigurari Merger
Romania's insurance regulator CSA on Tuesday authorized the merger of Omniasig VIG and BCR Asigurari VIG into the market's new leader.
Orban Calls For 500 New Jobs Within Structures Managing EU Funds
Romania’s European Affairs Minister Leonard Orban on Wednesday said he will propose the Government increase the number of jobs by nearly 500 within central structures in charge of managing E...