Banks-Insurance
To Merge Or Not To Merge, That Is Alpha Bank’s Question
After being announced in late August 2011, the merger of Greek banking groups Alpha Bank and Eurobank, which should have created the third-ranking lender by assets on the Romanian market – A...
Private Pension Assets Seen Up 40% This Year, To Over EUR2.3B
The assets of Romanian mandatory (Pillar II) and voluntary (III) private pensions will exceed EUR2.3 billion by the end of this year, from around EUR1.6 billion in December 2011, due to incr...
Leu Ends Slightly Higher Vs Euro, Unlike Neighbors
Romania’s leu lost its early gains versus the euro in late trade Monday, but closed slightly higher on the day, amid rising volumes.
Boc: Government May Look Into Slightly Raising Public Wages, Pensions If Economy Allows It
The Romanian Government will look into slightly increasing public wages and pensions providing the economy is stable and registers growth, Prime Minister Emil Boc said Monday.
Romanian Life Insurance Market Seen Growing In 2012
Romania’s life insurance market registered growth last year and will follow a similar trend in 2012, representatives of local insurers said Monday.
Leu Gains On Euro, Exchange Rate At 4.334
The Romanian leu continued to advance at a moderate pace against the euro by midday Monday and the central bank’s reference strengthened 0.12% to 4.334 units, from 4.3394 units in the previo...
BNR Pumps RON5.4B Into Market
Romania's central bank BNR Monday injected 5.38 billion lei (EUR1.24 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.75% a year, equal to the m...
Aviva Sells Businesses In Romania, Hungary, Czech Republic To U.S. Insurer Metlife
London-based insurer Aviva announced Monday it has sold its businesses in Romania, the Czech Republic and Hungary to U.S. insurer MetLife, as part of its strategy to reinforce operations on...
Romanian PM, IMF To Negotiate Raising Public Wages, Pensions As Of April
Romanian Prime Minister Emil Boc will negotiate a potential raise in public wages and pensions with the International Monetary Fund, leaders of the country’s ruling coalition decided Monday.