Banks-Insurance
Romania’s Banks Are Taking The Brunt Of The Crisis
Bankers are having a tough time digesting the economic crisis, which is now entering its fourth year, and this is clearly shown in the results. After record profits in 2008, the peak year, o...
CSA Starts Checkups At Astra Asigurari
Romania’s insurance regulator CSA on Friday started checkups at insurer Astra Asigurari after it received notifications regarding the Astra Medica Bonus insurance policy, CSA said in a press...
Romania Seeks Assessor For Posta Romana Ahead Of Privatization
Romania's IT&C Ministry will launch a public tender December 22 to hire a professional assessment company for the evaluation of the state-run postal company Posta Romana in view of privatiza...
EBRD To Invest EUR6.8M In Romania’s First Recycling Park
The European Bank for Reconstruction and Development will invest EUR6.8 million in the Green Group recycling park in Romania, the first such park in the country, the bank said in a statement...
Leu Moves Higher Vs Euro On Growing Volumes
Romania’s leu advanced against the euro in late trade Friday and closed slightly stronger on the day amid raising volumes.
SIFs Profits, Assets Boosted In November By BCR Stake Sales
The transactions whereby Austrian Erste Group Bank (EBD.RO) bought the BCR stakes owned by the five Romanian regional investment funds, or SIFs, brought an increase in the assets and profits...
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.3409
Romania’s leu traded near 4.34 per euro by midday Friday and the central bank’s reference gained modestly to 4.3409 units, from 4.3422 units a day earlier.
Volksbank Romania Will Continue Activity, No Sale Talks For The Moment - CEO
Volksbank will continue to operate on the Romanian market, and an interruption of activity is out of the question, Friday said the bank’s chief executive officer Johann Lurf, adding sharehol...
BCR’s Lucian Anghel Runs For Bucharest Bourse Board Chairman
Romanian bank Banca Comerciala Romana (BCR) has nominated its chief economist and strategy manager, Lucian Anghel, for the position of Board Chairman of the Bucharest Stock Exchange.