Banks-Insurance
Leu In Ranges Vs Euro, Exchange Rate At 4.3539
Romania’s leu traded near 4.35 per euro by midday Wednesday and the central bank’s reference weakened slightly to 4.3539 units, from 4.3498 units a day earlier.
Insurers To Face Penalties If They Breach Car Insurance Policy Terms
Insurers failing to observe the terms stated in mandatory car insurance policies (RCA) will have to pay damages to policyholders, Romanian insurance regulator CSA said in a press release Wed...
EBRD Lends EUR17.1M For Water, Wastewater Works In Sibiu
The European Bank for Reconstruction and Development on Wednesday announced it has issued a EUR17.1 million loan to Romanian water utility company S.C. Apa-Canal Sibiu.
World’s Smallest Paper Money: Romanian 10-bani Note Issued In 1917
A 10-bani note issued by the Ministry of Finance of Romania in 1917, in an emergency First World War issue, has set the world record for the Smallest paper money, according to the World Reco...
Leu Stable Vs Euro, Dealers Suspect Central Bank Intervention
The Romanian leu opened Wednesday down against the euro, but it soon started to appreciate, with dealers suspecting a central bank intervention to support the currency, after Standard&Poor's...
SIF Moldova Sells BCR Stake To Erste
Romanian regional investment fund SIF Moldova (SIF2.RO) has concluded a binding agreement to sell the 6% it owns in lender Banca Comerciala Romana (BCR) to Erste Group Bank (EBS.RO), the lat...
Voicu&Filipescu: It’s Hard To Get Clients, But The Hardest Thing Is To Get Lawyers To Work Together
Mugur Filipescu and Daniel Voicu, founders of law firm Voicu & Filipescu, recall the events that led to the firm's formation, but also the best and the worst in the past decade, and sketch t...
NBG Switches To EUR4M 9-Month Loss In Romania
The National Bank of Greece (NBG) Tuesday said it has switched to a loss of EUR4 million on the Romanian market in the first nine months, from profit a year earlier, hit by falling revenue f...
Leu Ends Higher Vs Euro On Rising Volumes
Romania’s leu traded near 4.35 per euro in late session Tuesday and closed 0.3% stronger on the day, amid higher volumes.