Banks-Insurance
BNR Injects RON1.65B In 7-Day Repo
Romanian central bank Monday pumped 1.65 billion lei (EUR380 million) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the monetary pol...
Allianz-Tiriac's Premiums Down 16% In Jan-Sept, To RON672M
Romanian insurer Allianz-Tiriac Asigurari underwrote premiums worth 672 million lei (EUR154 million) in the first nine months of the year, down 16% compared with the same period of 2010, and...
Leu Opens Slightly Stronger Vs Euro, In Line With Peers
The Romanian leu opened Monday slightly stronger on the day, on low traded volumes, following the evolution of the other currencies in the region.
Treichl To Be Confirmed Early For His Fourth Term As Erste CEO
Andreas Treichl, the man who has been at the helm of Austria's Erste Group Bank (EBS.RO) since 1997, could be confirmed for another term as chief executive officer as early as next month, as...
Violeta Ciurel, AXA: People Spend Too Easily In Romania, Should Think Long Term
It’s been a year since Violeta Ciurel, 53, one of the most experienced managers in life insurance on the Romanian market, accepted the biggest challenge in her professional career: to start...
PM Says Romania To Attract EUR6B In EU Funds As 90% Of Projects Are Already Signed
The Government is confident Romania will attract at least EUR6 billion in European funds next year because nearly 90% of the funded projects have already been signed, Prime Minister Emil Boc...
FOCUS: State Spends About EUR200M Annually On Goods, Services
Romanian state institutions and companies spend EUR200 million annually on cars, laptops, furniture, air conditioners, mobile phones and telecom services, most of them bought through direct...
Leu Closes Lower Vs Euro, Attuned To Region
Romania’s leu weakened against the euro amid low volumes Friday, tracking the currencies in the region, and closed slightly lower on the day at 4.362/4.3615 units.
Fiscal Council: Special Pensions Rose 30% After Recalculation
The average monthly pension paid to the 159,000 Romanian former military staff and police officers increased over 30% after recalculation, to 2,289 lei (EUR525) from RON1,755, although the L...