Banks-Insurance
Cojocaru, Volksbank: Lenders To Rethink Business Strategy As Of 2012
Commercial lenders are bound to undergo deep reorganization starting with 2012, because previous hopes that the economic and financial downturn was only a temporary setback are now obsolete,...
Alpha Bank, Raiffeisen Extend Credit Granted To Romanian Titan
Lenders Alpha Bank and Raiffeisen Bank Romania extended two credit facilities worth 25 million lei (EUR5.76 million) and EUR18 million respectively, contracted by bread maker and miller Tita...
Government Wants More Flexible Approach To Regulation Freezing Public Sector Hiring
Romania’s Government wants a more flexible approach to the rule whereby only one in seven vacant public sector positions may be filled next year, with a view to applying it at a higher level...
Romania To Cut Co-Financing Rate For EU-Funded Projects By 10 Pps
The Romanian Government wants to temporarily reduce the national co-financing rate for EU-funded projects by 10 percentage points, based on a new EU regulation which increased the European c...
Leu Exchange Rate Hits New 5-Week High Of 4.3397 Vs Euro
Romania’s leu advanced against the euro by midday Friday and the central bank’s reference strengthened to 4.3397 units, a fresh record high in the past five weeks.
Romanian Online Store eMAG.ro Taps Insurance Market
Romanian online store eMAG.ro will start selling mandatory car insurance policies (RCA), following a partnership with insurance broker Netrisk, and wants to reach a 3-5% market share, the si...
Romanian Leu Opens Weaker Vs Euro, In Line With Peers
The Romanian leu opened weaker against the euro Friday, on low traded volumes, following the trend of the other currencies in the region.
BRD Reshuffles Management: New CEO In 2012, Sorin Popa Promoted Within SocGen
The delegate general manager of Romanian lender BRD-Groupe Societe Generale (BRD.RO), Sorin Popa, will be promoted on January 2 to Paris headquarters, tasked with the commercial development...
Libra Bank Valued At EUR27 Million
Libra Bank, a small bank specializing in services for professionals, was put at 120 million lei (EUR27.6 million) in a deal through which U.S. investment fund Broadhurst Investments bought 7...