Banks-Insurance
Romanian Banks Reported RON430M Combined Loss In 2011
Romanian banks reported a combined loss of about 430 million lei (EUR100 million) last year, from a negative result of RON516 million in 2010.
Leu Dips Vs Euro In Quiet Market
Romania’s leu weakened slightly against the euro amid a quiet session Friday, closing at 4.3465/4.3485 units, from 4.345/4.346 units a day earlier.
Banca Transilvania CEO Resignation Points To Shift In Strategy
As soon as Romanian lender Banca Transilvania (TLV.RO) announced the resignation of its chief executive officer, the question on everybody’s lips was: why did Robert Rekkers leave?
Leu Steady Vs Euro, Exchange Rate At 4.3473
Romania’s leu moved in tight ranges against the euro by midday Friday and the central bank’s reference weakened slightly to 4.3473 units, from 4.3452 units a day earlier.
Leu Opens Flat Vs Euro, In Quiet Market
The Romanian leu opened Friday roughly flat on the day, similar to the evolution of otheer currencies in the region, in a market with low traded volumes.
Robert Rekkers, CEO Of Banca Transilvania, Resigns Unexpectedly
Romanian lender Banca Transilvania (TLV.RO) Friday announced the resignation of its chief executive officer Robert Rekkers and his temporary replacement with board member Peter Franklin.
Price Of Gold Has Risen 30% In Past Year, But Gold Bars Only Bring 5% Profit
Thousands of Romanians rushed to buy gold in the last few years, attracted by price increases and the hope of big and sure gains, but bank fees end up eating almost their entire profit.
Schoenherr: I Don’t See A Revival In Real Estate, Litigations Will Be The "Star"
Sebastian Gutiu, managing partner of law firm Schoenherr si Asociatii, bets on the litigation department rather than on the real estate one for the next few years, as companies fail to obser...
UniCredit: External Financing Remains Romania’s Main Challenge In 2012
External financing could prove costly for Romania in the first half of 2012 and the country may have to tap into a EUR5 billion loan made available through a precautionary program from the I...