Banks-Insurance
EBRD: One Third Of Romanians Blame The West For Economic Crisis
Over one third of Romanians blame the West for the economic crisis and the population’s support for democracy and free markets decreased over the past five years, according to a report publi...
EBRD: Romanian Public Sector Hiring Kept Unemployment Low
Unemployment remained low in Romania in 2008-2010, compared with the levels recorded in Central Europe and the Baltic states, mainly because unemployment was relatively low even before the c...
UniCredit-Tiriac Bank CEO Says Expansion Plans On Hold Until Economy Recovers
UniCredit-Tiriac Bank will freeze its expansion plans in 2012 to focus on drawing more resources from the local market and increase profitability, chief executive Rasvan Radu said Tuesday.
Private Pension Funds' Net Assets Up 4% In Oct, To RON6.45B
The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) reached 6.45 billion lei (about EUR1.48 billion) at the end of October, up 4....
Financial Turmoil To Affect Romania’s US-Dollar Bond Issue - Official
Romania’s planned US-dollar denominated bond issue will likely be affected by the international financial turmoil and the recent change in Hungary’s outlook, an official of the Finance Minis...
Raiffeisen Ups Romania GDP Growth Forecast To 2.5% In 2011
Austrian financial group Raiffeisen Tuesday revised upward its forecast on Romanian economic growth to 2.5% in 2011, from 1.5% previously, citing better-than-expected third quarter data.
Leu Up Vs Euro, Exchange Rate Dips To 4.3487
Romania’s leu advanced versus the euro by midday Tuesday, but the central bank’s reference weakened slightly to 4.3487 units, from 4.3448 units a day earlier.
Vienna Insurance Group Posts EUR8.8 Pre-Tax Loss In Romania For Jan-Sept 2011
Revenues of Austrian insurer Vienna Insurance Group (VIG) in Romania stagnated at EUR416.2 million in January-September, but expenses climbed 9%, leading to a pre-tax loss of EUR8.8 million...
UniCredit Tiriac Bank 9-Month Net Profit Down 43% To RON122M
Romanian lender UniCredit Tiriac Bank on Tuesday reported a 43% year-on-year drop in its nine-month profit, to 122 million lei (EUR29 million), as harsh economic conditions and legislation c...