Banks-Insurance
Leu In Ranges Vs Euro, Exchange Rate At 4.3554
Romania’s leu traded near 4.355 per euro by midday Thursday and the central bank’s reference weakened modestly to 4.3554 units, from 4.354 units a day earlier.
Euroins Romania 2011 Damage Claims Up 3.3%, To RON189M
Insurer Euroins Romania paid damage claims of nearly 189 million lei (EUR43 million) last year, up 3.3% on the year, and the number of paid damage claim files dropped 6.6%, to 35,788, the in...
Leu Down Vs Euro In Early Trade
Romania’s leu opened slightly lower against the euro Thursday and traded in narrow ranges in the first part of the session, tracking regional currencies.
MetLife Secures EUR50M Assets, 250,000 Clients In Aviva Deal
The approximately EUR50 million in assets and the 250,000 customer portfolio were the numbers that convinced US-based MetLife to buy the local business of British insurer Aviva, for which se...
Leu Ends Modestly Up Vs Euro On Growing FX Sales
Romania’s leu recovered against the euro in late trade Wednesday, helped by growing foreign currency sales, and closed slightly higher on the day at 4.3495/4.3525 units.
Fitch Revises Romania UniCredit Tiriac Bank’s Outlook To Negative
Fitch Ratings Wednesday affirmed the long-term issuer default ratings of Romanian UniCredit Tiriac Bank at 'BBB+', while revising its outlook to negative from stable, the ratings agency said...
Central Bank Chief Insists Romania Must Increase Its Presence In Foreign Debt Markets
Romania must sell bonds on international markets on a regular basis to increase its credibility and avoid potential ugly moments when “blood-thirsty” markets go after desperate governments,...
Romania’s New Government Plans To Tax The Wealthy
The Cabinet proposed by Prime Minister Designate Mihai Razvan Ungureanu plans to tax high wealth and pledges to analyze this year the means of implanting the measure.
Isarescu Says Another IMF Deal May Send The Wrong Message
Romania shouldn’t seek a new financial agreement with the International Monetary Fund once the current one ends in 2013, because it would send a negative signal to the markets, central bank...