Banks-Insurance
UniCredit Bank Austria Lends EUR13.4M To AFI Europe For Bucharest Office Project
Developer AFI Europe, member of AFI Group, received funding worth EUR13.4 million from UniCredit Bank Austria, to develop the first of five buildings within the AFI Business Park Cotroceni p...
Erste Group Bank Eyes Buying 0.36% In BCR For RON62M
Erste Group Bank (EBS.RO), majority shareholder of Romanian lender BCR, proposed a price of 1.09 lei (EUR0.25) per share to minority holders, in a bid to take over a total 0.36% stake in the...
BNR Head: Changing Governments Can Be Stressful To Markets
Replacing the government of a country can be a stressful factor for the financial markets, but if resolved swiftly, it may be easily digested by investors, central bank governor Mugur Isares...
Romsys To Provide EUR1.61M Computer Services To Romanian Insurance Regulator
IT systems integrator Romsys will provide the Romanian insurance system regulator CSA with computer maintenance services worth EUR1.61 million (VAT included).
Leu Down Vs Euro, Exchange Rate At 4.3483
Romania’s leu edged lower against the euro by midday Tuesday and the central bank’s reference weakened to 4.3483 units, from 4.342 units a day earlier.
Romania Central Bank Hikes 2012 Inflation Forecast To 3.2%
Romania's central bank Monday revised upward its forecast on the year-end inflation to 3.2% in 2012, from 3%, citing less favorable base effects than previously estimated.
Leu Opens Flat Vs Euro, In Quiet Market
The leu opened Tuesday stable against the euro, near yesterday’s closing levels, while other currencies in the region were also showing some minor oscillation.
Capital Economics: Romania More Vulnerable To Euro Crisis Contagion
Romanian government’s resignation is bound to impact the local financial markets on the short term, leaving the country more vulnerable to contagion from the eurozone unless the situation is...
Romania To Stick To IMF/EU Agreement Until November Elections - Analysts
Romania’s fiscal and economic program agreed with the International Monetary Fund and the European Commission is unlikely to be affected by the government’s resignation and will remain on tr...