Banks-Insurance
Romania Ponders New Measures To Revive Consumption, Higher Wages Included
Romania's government and the central bank are working on a new set of measures aimed to increase domestic consumption, including possible salary increases in the public sector, the executive...
Finance Ministry Wants Private Management At Romanian Lottery
Romania’s Finance Ministry wants to place the Romanian Lottery Company under private management in a move to increase the company’s efficiency and market share, Finance Minister Bogdan Drago...
Romania's Economy May Slip Into Technical Recession In 1Q, FinMin Says
Romanian Finance Minister Bogdan Dragoi Friday estimated the country’s economy has slipped back into technical recession in the first quarter, hit by bad weather.
Dragoi: Public Sector Wage Restoration Would Need RON2B Yearly
A 16% increase in public sector wages starting June would have an impact of 2 billion lei (EUR459 million) per year, Romania’s Finance Minister Bogdan Dragoi said Friday.
Leu Exchange Rate Moves Slightly To 4.3545 Vs Euro
Romania’s leu traded in narrow ranges against the euro by midday Friday and the central bank’s reference barely moved to 4.3545 units, from 4.3553 units a day earlier.
Romania FinMin: Government Mulls Higher Wages, But Deficit Target Stays
The Romanian government is searching for solutions to boost per capita income, but only if the measures don’t affect the budget deficit target for 2012 and they prove financially sustainable...
Leu Stable Vs Euro In Early Trade
Romania’s leu traded below 4.36 versus the euro in early action Friday, amid low volumes and little investor interest.
OTP Bank Romania Swings To EUR2.6M Profit In 2011 As Provisions Halve
OTP Bank Romania, the local unit of Hungary’s financial group OTP, has swung to a profit after taxes of EUR2.6 million in 2011, versus losses a year earlier, helped by lower provisions, the...
Astra And Omniasig File Bids To Insure Tarom’s Fleet
Romanian insurers Astra and Omniasig Vienna Insurance Group on Thursday filed bids to insure state-run airline Tarom’s fleet between May 1, 2012 and April 30, 2013, people close to the matte...