Banks-Insurance
Brokered Insurance Premiums In Romania Fell 3% In 2011, To RON3.1B
Insurance brokers in Romania brokered premiums of 3.1 billion lei (about EUR712 million) in 2011, down 3% on the year, whose weight in the overall insurance market increased to 39.05% from 3...
Fitch: Restoring Public Wages In Romania To Raise Deficit Again
Restoring the public wages to pre-austerity levels in Romania would impact not only the budget deficit, but would likely trigger a series of additional negative effects in the economy, such...
Leu Gains Modestly Vs Euro In Quiet Market
Romania’s leu closed slightly higher against the euro after a calm session Thursday, lagging behind its peers in the region which gained more substantially amid hopes that Greece can strike...
ING: Romania Bank Liquidity Gap Doubles In February
The liquidity shortage in the Romanian banking system more than doubled in February, with lenders borrowing on average 3.3 billion lei (EUR0.76 billion) a day from the central bank, compared...
Insurance Pool PAID To Pay Damages Of EUR190M In Case Of Major Earthquake
An earthquake similar to the 7.2 magnitude quake on March 4, 1977 in Romania would lead to 30,520 damage claims for insurance policies issued by the Romanian Pool of Insurance Against Natura...
Leu Steady Vs Euro In Early Trade
Romania’s leu moved in a tight range against the euro in early trade Thursday, amid low volumes and a slight optimistic sentiment in the region which pushed the leu’s peers higher on the day...
Major Insurers See Double-Digit Decline In 2011 Revenue
Nine of the top ten general insurance companies posted declines of up 25% of gross premiums written because of the lower sales of car policies. The only exception was Asirom, which posted 40...
Leasing Market Rebounded To EUR1.3B In 2011
The Romanian leasing market rose 15% last year, when new financing hit EUR1.3 billion, but it was still significantly down from the almost EUR5 billion peak registered in 2007-2008, accordin...
BNR Admits It Did Not Anticipate Extent Of 2009 Recession. Will Romania Avoid Recession In 2012?
The Romanian central bank, or BNR, admitted half-heartedly at the beginning of this week, through the voice of the central bank’s deputy governor Cristian Popa, that it had not expected the...