Banks-Insurance
Romania Has Confirmed Its Intention To Join Euro Area By 2015 - Merkel
German Chancellor Angela Merkel on Thursday said in a joint news conference with Romanian President Traian Basescu that Romania has confirmed its intention to join the euro area in 2015, add...
Cuts Expected At Romania’s 2nd Budget Revision In November
Romanian government is due to release its second budget revision of 2011 at the end of November, with new spending cuts across the board, people familiar with the matter said Thursday.
Private Pension Assets To Be Transferred To Conservative Funds 10 Years Before Retirement
Private pension contributions amassed in pension funds on Pillar II (mandatory private pensions) will be transferred to funds with low-risk investments 10 years before the contributor retire...
Private Pension Guarantee Fund To Have Initial Budget Of EUR500,000 - Watchdog
The initial contribution to the Romanian private pension guarantee fund will amount to about EUR500,000 and will be paid by private pension fund administrators and pension providers by May 1...
Romanian Banking Association Appoints Executive President
Romanian banks association ARB on Thursday announced it has appointed Romanian International Bank (RIB) chief Florin Danescu as executive president.
Romanian BCR Banca Pentru Locuinte Posts RON6M Net Profit In 9 Months
Romanian housing bank BCR Banca Pentru Locuinte on Thursday reported a net profit of 6 million lei (EUR1.38 million) for the first nine months of the year, and a 50% increase in the number o...
Leu Recovers Vs Euro, Exchange Rate At 4.353
Romania’s leu reversed early losses versus the euro by midday Thursday and the central bank’s reference edged higher to 4.353 units, from 4.3534 units a day earlier.
Banca Carpatica Loss Narrows To RON25M In Jan-Sep
Romanian lender Banca Comerciala Carpatica (BCC.RO) Thursday said its loss narrowed 78.3% to 24.97 million lei (EUR5.9 million) in the first nine months, aided by lower risk costs.
Leu Down Vs Euro In Early Trade
Romania’s leu dipped to 4.36 per euro Thursday morning, after it fell to 4.37 per euro in pre-trade, and dealers believe the central bank could step in to support the leu for the second stra...