Banks-Insurance
CSA Authorizes New Chairman Of Astra Asigurari
Romanian insurance regulator CSA has authorized a proposal by the shareholders of Astra Asigurari making Alexander Adamescu the new chairman of the board, replacing Radu Mustatea, who steppe...
S&P Cuts Bucharest To ‘BB’ And Withdraws Ratings
Standard & Poor's Ratings Services Tuesday said it has lowered its long-term issuer credit ratings on the Romanian City of Bucharest to 'BB' from 'BB+' and subsequently withdrew its ratings,...
EBRD: Romania Made Little Progress In Involving Private Sector In Infrastructure Projects
Romania has made little progress in involving the private sector in public-private partnership (PPP) or concession projects targeting road infrastructure, the European Bank for Reconstructio...
Leu Ends Session On A Flat Note Vs Euro
Romania’s leu moved in a tight range against the euro Tuesday and closed roughly unchanged on the day, amid low volumes.
EBRD: Romanian Banking System Vulnerable To Outside Pressure
Romania's banking system remains vulnerable to external pressure, particularly to potential negative developments in Greece and the eurozone, the European Bank for Reconstruction and Develop...
Bucharest Court Allows Insolvency At Laguna Residence
The Bucharest court allowed an insolvency claim filed by a creditor against residential complex Laguna Residence, developed by Spanish GEA International Development.
Raiffeisen Banca Pentru Locuinte Appoints New President
The supervisory board of mortgage lender Raiffeisen Banca pentru Locuinte appointed Aurelia Cionga as president, while also promoting Stelian Stanga as vice-president in charge with operatio...
Emporiki Bank Romania 2011 Loss Narrows To EUR5.1M
Emporiki Bank Romania on Tuesday said its loss narrowed 62% to EUR5.1 million in 2011, from EUR13.5 million a year earlier.
EBRD Ready To Invest Up To EUR500M Annually In Romania
The European Bank for Reconstruction and Development estimates it will invest EUR400 million to EUR500 million a year in Romanian projects over the next three years, according to the bank’s...