Banks-Insurance
Romanian Insurance Market Seen Stagnating Or Growing Slightly This Year
Romania’s insurance market will stagnate or register a slight growth this year, as it is still coping with the effects of the financial crisis of the past three years, Mariana Diaconescu, CE...
Leu Opens Up, On Local Banks' Euro Sales
The Romanian leu rose against the euro on Monday morning, but the transferred volumes were low, with some local banks selling hard currency, dealers said.
Danske Bank: Romanian Central Bank Is Well Aware Of Economy’s Weak Growth
The Romanian central bank (BNR) will cut its key interest rate by a further quarter of a percentage point at Thursday’s monetary policy meeting, considering that the Romanian economy needs s...
Banca Transilvania Buys Back Millions Of Shares For Managers
Banca Transilvania (TLV.RO) has bought back 1.3 million of its own shares since the beginning of the year, paying 1.17 million lei (EUR272,000). The shares will be paid to employees and mana...
Investment Funds In Fierce Competition With Banks Over Savings In 2012
Raiffeisen Asset Management, with over EUR650 million in assets under management, estimates its assets will increase by several tens of million of euros this year, because of fierce competit...
IMF Cuts Romania’s Economic Growth Forecast To 1.3%
The International Monetary Fund (IMF), which currently has one of the most optimistic forecasts for Romania’s economic growth this year, 1.8% to 2.3%, is getting ready to lower its estimates...
Romania To Secure Credit Lines Everywhere In Case Eurozone Derails – President
Romania is securing credit lines at the World Bank, the European Union, and “wherever” to have a fallback in case things take a turn for the worst in the eurozone, President Traian Basescu t...
Leu Dips Vs Euro In Quiet Market
Romania’s leu traded in ranges against the euro in late session Friday and closed slightly weaker on the day, after a lackluster day.
BCR Asigurari To Change Name To Omniasig, Raise Its Share Capital By EUR47.7M
Shareholders of insurer BCR Asigurari will discuss on February 27 raising the company’s share capital by 207.1 million lei (EUR47.7 million), to RON250.3 million within its merger with insur...