Banks-Insurance
Analysts React To BNR's Rate Cut Decision: Too Little, Too Late
The central bank’s decision to cut its main interest rate by a quarter-point to 6% comes rather late and its effects on bank lending might pass unnoticed, analysts said.
Negritoiu, ING: Can't Build Walls To Keep Capital In
The scenario under which foreign banks will reduce their exposure to Romania because of capital needs is already likely to become reality, not just a risk, and capital repatriations can be s...
Private Pension Guarantee Fund To Operate Starting 2012
The Romanian private pension guarantee fund will operate starting the first half of 2012, private pension system regulator CSSPP said in a press release Tuesday.
Private Pension Funds' Assets Seen At 1.22% of GDP By Yearend
Romanian private pension system regulator CSSPP cut by 0.13 percentage points to 1.22% its estimation regarding the weight of private pension funds’ assets in the gross domestic product at t...
Boc Promises No Unannounced Tax Hikes Next Year
Romanian Prime Minister Emil Boc told employer organizations and labor unions that next year's state budget counts on reduced economic growth, with no "unannounced" tax hikes, but with a pos...
Romanians To Pay 25% Upfront For Mortgage Loans In Euro
Banks in Romania will require a down payment of at least 25% for mortgage loans in euro and 40% for mortgage loans in other currencies, if the client’s incomes is not expressed and indexed i...
Insurers Pay Hundreds Of Thousands Of Euros In Damages To Car Accident Victims
The cases in which insurers pay damages of several hundred thousand euros to victims of car accidents are increasingly frequent as Romanians become aware of the fact that a simple auto liabi...
RCS&RDS About To Take EUR300 Million Loan
Telecom operator RCS&RDS, controlled by businessman Zoltan Teszari, is in talks with a group of banks over a EUR300 million loan. The five-year loan will be used to settle maturing debt.
Senate To Analyze Notice On German Historic Debt To Romania
The Romanian Senate's leadership on Monday took note of a letter reporting the existence of a German historic debt to Romania and a special committee will be set up to analyze the issue, sai...