Banks-Insurance
Greek ATEbank To Sell Romanian Unit Via Public Tender
Greece’s ATEbank will launch an open public tender to sell its 93.27% stake in ATEbank Romania, as part of a wider restructuring program, the Greek lender said in a statement Thursday.
Parliament Validates Three Members Of Private Pension Regulator Council
The Romanian Parliament on Thursday validated with 221 to three votes Cristian Toma, Vladimir Soare and Dragos Mihalache as members of the council of private pension system regulator CSSPP.
Half Of Romanians Can’t Afford To Save Money And Have Little Financial Education
Almost half of the Romanians do not earn enough to put money aside, while those who do have little or no knowledge about the available financial instruments, according to a survey from local...
Leu Stable Vs Euro, Exchange Rate At 4.3422
Romania’s leu traded in tight ranges against the euro by midday Thursday and the central bank’s reference weakened modestly to 4.3422 units, from 4.3415 units a day earlier.
Romanian Retailer Opens Former PIC Store Under Succes Brand
The PIC hypermarket in southern Romanian city Craiova was relaunched Thursday under the Succes brand, after Succes Nic rented two stores from bankrupt PIC, PIC's court-appointed administrato...
Leu Opens Weaker Vs Euro, In Line With Region
The Romanian leu opened Thursday slightly weaker against the euro, on reduced activity, while other currencies in the region were seeing similar developments.
Oana Petrescu Steps Down From BCR's Board. Erste Brings Martin Skopek As Retail Vice-President
BCR board member and retail vice-president Oana Petrescu decided to step down from this position starting March 31, 2012, and she will be replaced with Martin Skopek, management board member...
What More Can Romania Do To Drive Country Risk Premium Down?
Romania has a 2012 budget draft in the Parliament that promises to slash budget deficit to 1.9% of the gross domestic product, the country posted a spectacular economic growth of 4.4% in the...
Government Decides To Raise Gross Minimum Wage To RON700 In 2012 - Sources
The Romanian Government on Wednesday decided to raise the gross minimum wage in 2012 by 30 lei (about EUR7) to RON700 from RON670, people close to the matter told MEDIAFAX Wednesday.