Banks-Insurance
Romania Takes EUR500M From EIB For Infrastructure, Eco Investment
Romanian authorities on Friday signed two deals with the European Investment Bank, for loans cumulating EUR500 million, aimed at funding the construction of a new subway line in Bucharest an...
There Won’t Be Easy Money Around Anymore, Nor In Plentiful Supply
Three years have passed since we entered the financial crisis. Since then bank managements have been fretting over how to ensure their banks have sufficient capital and liquidity, how to kee...
Volksbank Group Puts Romanian Unit In “For Sale” Box
Lender Volksbank Romania will be transferred to a new division of Austrian group Volksbank, which includes non-core businesses, along with Volksbank Leasing International and Volksbank Malta...
Only Half Of The EUR50B Loans Taken From Banks Are Paid On Time
The relaxed lending terms in the past and the decline in the customers’ incomes during the crisis are now putting pressure on the banks’ portfolios, and bankers are seeing fewer and fewer cu...
Private Pension Fund Administrators May Invest In Private Equity Funds
Romanian private pension fund administrators may invest in private equity funds, commodity funds or in infrastructure, according to a norm approved Thursday by private pension system regulat...
Several Associations, Insurers Sign Protocol To Support Healthcare Reform
Two Romanian associations, four insurers, several private healthcare operators and the Union of Insurance Brokers on Thursday signed a protocol to work together to enhance the country’s heal...
SIF Moldova Trades BCR Stake For 1% In Erste
Regional investment fund SIF Moldova (SIF2.RO) received a 1% stake in Erste Group Bank (EBS.RO) in exchange for a 4.74% stake in BCR, thus becoming the second SIF to leave the Romanian bank'...
Leu Closes Higher Vs Euro, In Line With Neighbors
Romania’s leu edged higher against the euro in late trade Thursday, tracking the currencies in the region, and closed modestly stronger on the day, amid average volumes.
Competition Authorities OK Flanco Takeover By Asesoft
Romanian Competition Council on Thursday announced it has approved the takeover of electronics retailer Flanco Retail by Asesoft Web, part of the Asesoft group.