Banks-Insurance
Evaluation Firm Darian Posts 12% Hike In 2011 Sales, To EUR3M
Romanian evaluators Darian DRS on Wednesday reported a turnover of EUR3 million for 2011, up 12% on the year, reaching a level similar to pre-crisis results.
Leu Exchange Rate Slides To 4.354 Vs Euro
Romania’s leu traded near 4.355 per euro by midday Wednesday and the central bank’s reference weakened to 4.354 units, from 4.3483 units a day earlier.
New Government Might Lower Social Security Contributions
The governing program of the Cabinet proposed by Prime Minister Designate Mihai Razvan Ungureanu will include wage raises, to be achieved either directly or by lowering social security contr...
Leu Flat Vs Euro In Early Trade
Romania’s leu opened flat against the euro and traded in tight ranges in a quiet Wednesday morning, amid low volumes.
Raiffeisen CEO: Bankers Need To Rebuild Trust
The customers’ experience when dealing with their bank has to dramatically change in Romania, there must no longer be such situations when the bank sells them something they do not need. The...
Romania To Subsidize Up To 5% Of Interest On Loans Taken By Farmers In 2011
Romania will subsidize the interest on loans taken by farmers between January 28 and December 31, 2011 by up to 5% in 2012 and 2013, according to an ordinance issued in 2010, whose methodolo...
Isarescu Warns Lenders High Deposit Rates May Backfire
Romanian central bank governor Mugur Isarescu Tuesday warned commercial lenders that their policy to increase interest rates on deposit facilities in a move to reduce their dependency on for...
Leu Slides Vs Euro Amid Political Uncertainties
Romania’s leu weakened against the euro Tuesday, unlike its peers in the region, and closed 0.25% lower on the day, amid uncertainties regarding the formation of a new government after cente...
Isarescu: Poor EU Funds Absorption Deepened Romania's Economic Slump
Romanian economy was severely hit by a sharp decline in foreign investments after 2008 and the poor absorption rate of European structural funds has only deepened the country’s recession, ce...