Banks-Insurance
Basescu: Romania Supports Urgent Amendment Of EU Protocol On Excessive Deficit Procedures
Romanian President Traian Basescu said Wednesday Romania is in favor of immediately amending Protocol no. 12 of the Treaty governing the European Union, which refers to excessive deficit pro...
Leu Strengthens Vs Euro On Higher Volumes
Romania’s leu advanced versus the euro in late trade Wednesday and closed 0.15% stronger on the day, amid raising volumes.
Brokered Insurance Premiums In Romania Up 3.6% On Year To RON2.4B In Jan-Sep
Insurance brokers in Romania brokered premiums of 2.39 billion lei (EUR549 million) in the first nine months of 2011, up 3.6% on the year, whose weight in the overall insurance market increa...
Euronet Worldwide Takes Over Romanian PayNet Romania
US-based Euronet Worldwide announced it has bought Smart PayNetwork (PayNet), a Romanian payment services supplier that processes around 15 million card transactions each year.
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.3505
Romania’s leu traded near 4.35 per euro by midday Wednesday and the central bank’s reference strengthened modestly to 4.3505 units, from 4.3534 units a day earlier.
Romania To Hike Gas Prices For Companies By 5% Come Jan 2012
The price of natural gas for industrial consumers will grow by another 5% starting January 2012, under an agreement concluded between the Government and the International Monetary Fund.
Romania Mulls Setting Up Real Estate Firm To Manage Assets Of Transport Companies
Romania’s Government is considering setting up a special real estate company to manage all properties of state-owned transport companies, hoping to improve their revenue generation and insta...
S&P Downgrades Transgaz To 'BB+'; Outlook Stable
Standard & Poor's Ratings Services on Wednesday said it lowered its local currency long-term corporate credit rating on Romanian natural gas transmission operator Transgaz Medias (TGN.RO) to...
Leu Slightly Lower Vs Euro In Early Trade
Romania’s leu opened slightly lower against the euro Wednesday and traded in narrow ranges in the first part of the session, amid a quiet market.