Banks-Insurance
Omniasig’s Underwritten Premiums Fell 14.5% In Jan-Sept, To RON618.3M
Omniasig Vienna Insurance Group underwrote premiums of 618.34 million lei (EUR142 million) in the first nine months of the year, down 14.5% compared with the same interval a year ago, the in...
Romania Plans To Absorb EUR6B In EU Structural Funds In 2012
Romania plans to absorb EUR6 billion in European structural funds in 2012, according to the draft state budget, and will continue to cut back on state spending, President Traian Basescu said...
Basescu: Romania Maintains Goal To Enter Euro Area In 2015
Romanian President Traian Basescu on Thursday reiterated Romania’s objective to join the euro area in 2015, adding that “it’s always good to have ambitious goals”.
Raiffeisen Romania Net Profit Down 29% To EUR60M In Jan-Sep
Raiffeisen Bank International on Thursday reported a profit after tax of EUR60 million in Romania between January and September, down 29.1% from EUR85 million on the same interval of 2010, o...
Leu Up Vs Euro In Early Trade, After Opening Weaker
The Romanian leu opened slightly down against the euro Thursday, but soon reverted the trend and stayed around 4.35 units in the first hour of trading, while the transferred volumes were low...
Romania President Scolds Foreign Banks For “Lack Of Fair Play”
Romanian president Traian Basescu on Thursday said that the banks of European states obtained “gigantic profits” in Romania, and preparing to leave the country unfunded during the crisis wou...
BNR: Private Lending -0.8% On Month To RON221B In October
Romanian private lending fell 0.8% in real terms to 221.03 billion lei (EUR50.7 billion) in October from a month earlier, central bank data showed Thursday.
How Much Money Private Pension Funds Have Made Over The Past Year
Mandatory private pension funds have narrowly escaped the severe corrections recorded on the stock exchanges under the impact of the sovereign debt crisis and posted yields of up to 5.7% ove...
SIF Banat-Crisana Sells 2.63% In BCR For Cash, Erste Stock
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Wednesday sold a 2.63% stake in lender Banca Comerciala Romana (BCR) to Austrian Erste Group AG for 50.72 million lei (EUR11.6 m...