Banks-Insurance
Unionists, Employers Want To Meet With PM For Talks On Unfreezing Social Dialog
Romanian unionists and employers on Thursday addressed a letter to Prime Minister Mihai Razvan Ungureanu calling for a meeting to discuss an emergency ordinance regarding furlough and the me...
Romania Sells RON500M 5-Year Bonds At 6.75% Average Yield
Romania’s Finance Ministry on Thursday sold 500 million lei (roughly EUR115 million) in five-year bonds, above the planned amount, at an average yield of 6.75% a year, lower than at the prev...
Leu Exchange Rate Weakens Modestly To 4.3497 Vs Euro
Romania’s leu traded near 4.35 per euro by midday Thursday and the central bank’s reference weakened slightly to 4.3497 units, from 4.3467 units a day earlier.
Garanti Group Romania Sees 50% Jump In Profits In 2012
Garanti Group Romania reported a consolidated net profit of EUR8.3 million in 2011, the financial group said in a statement Thursday.
Alico Romania GM: Healthcare Reforms Must Rely On Economic Efficiency, Include Tax Incentives
Reforming Romania’s healthcare system is a complex and long-lasting process, which must be based on economic efficiency, involving both public budgets and the private sector, Theodor Alexand...
Banca Carpatica's Loss Narrows 80% To RON31.54M In 2011
Romanian lender Banca Carpatica (BCC.RO) on Thursday reported a net loss of 31.54 million lei (EUR7.4 million) for 2011, compared with a negative result of RON154.47 million in the previous...
RCS&RDS Hires Citi Banker To Manage Its Finances
Telecom group RCS&RDS recruited the former vice-president of Citibank Romania in charge of corporate banking, Razvan Badalicescu, as manager over finance-accounting. He left the local subsid...
Prospects Of New Recession Cloud Good News Of Economic Growth In 2011
The good news of Romania’s 2.5% gross domestic product growth last year is clouded by the prospects of a new recession, as a GDP decline is expected for the first quarter of 2012.
Mortgage Loans In Lei Twice As Expensive As Those In Czech Crowns Or Polish Zloty
Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank in...