Banks-Insurance
Raiffeisen Romania CEO Eyes Proprietatea Board Seat
Elections for a seat on the Board of Representatives at investment fund Fondul Proprietatea (FP.RO) have drawn seven candidacies so far, including that of Steven van Groningen, chief executi...
EBRD Invests EUR15.5M In Water Infrastructure In Romania’s Timis County
The European Bank for Reconstruction and Development Wednesday said it has extended a EUR15.5 million loan to Aquatim water utility company to improve water services in Timis county, western...
Basescu And Ungureanu Meet For Talks On Raising Public Wages – Sources
Romanian President Traian Basescu met with Prime Minister Mihai Razvan Ungureanu Wednesday at the presidential palace, and one of the issues on the table was a likely public wage increase, a...
Insurance Brokers Might Have To Settle Contract Problems Notified By Policyholders
Policyholders may refer complaints regarding insurance contracts to the brokers that negotiated the deal, and the latter will settle problems amiably, Romanian insurance regulator CSA presid...
Leu Stable Vs Euro, Exchange Rate At 4.3754
Romania’s leu was rather stable against the euro by midday Wednesday and the central bank’s reference gained modestly to 4.3754 units, from 4.378 units a day earlier.
Leu Opens Flat Vs Euro, Amid Market Apathy
The Romanian leu opened roughly flat against the euro Wednesday, on low traded volumes, as the regional markets were also quiet.
Leu Depreciation Could Benefit Local Currency Lending And Exports, But Strikes At Trust And Inflation
The leu's depreciation towards 4.4 against the euro could support the strategy recently adopted by Romania's central bank to encourage lending in lei, and could amount to a breath of fresh a...
Banca Transilvania Gets EUR7.5M EIF Loan To Finance Small Companies
Romanian lender Banca Transilvania (TLV.RO) and the European Investment Fund have signed a EUR7.5 million loan agreement aimed at supporting micro-enterprises and self-employed entrepreneurs...
Businessman Nelu Iordache Signs Agreement To Buy Insurer ABC Asigurari For EUR6.7M
Romanian businessman Nelu Iordache signed an agreement in principle with the shareholders of insurer ABC Asigurari to buy a 98.57% stake in the company for EUR6.69 million.