Banks-Insurance
Romania Plans To Sell RON4.5B Treasuries In November
Romania’s Finance Ministry plans to sell state paper worth 4.5 billion lei (EUR1.04 billion) in November, more than double from RON2.13 billion sold a month earlier, ministry data showed Mon...
BNR Lends RON406.7M To Local Banks
Romanian central bank Monday lent 406.7 million lei (EUR94 million) to two local banks in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetar...
SIF Transilvania Sells 6% Stake In BCR To Erste Bank
Romanian regional investment fund SIF Transilvania (SIF3.RO) Monday approved selling its 6% stake in bank Banca Comerciala Romana (BCR) to Austrian Erste Group Bank AG (EBS.RO), people famil...
Volksbank Romania Transferred To VBI Beteiligungs GmbH Ownership
Lender Volksbank International has transferred control of Volksbank Romania to a special vehicle, VBI Beteiligungs GmbH, with an identical shareholding structure, where Osterreichische Volks...
BNR Sets Up Bridge Bank To Save Ailing Banks
The National Bank of Romania (BNR) is to complete and approve the regulations of the operation of a new financial institution on the local market - the so-called bridge bank, which should be...
Pascariu, Unicredit: Romania Has No Money To Create Or Buy A Large Bank
Dan Pascariu, chairman of the Supervisory Board of UniCredit Tiriac Bank, believes the Romanian government lacks the money to create or buy a large bank that can make a difference on the mar...
Franks: Romania’s Lower-Than-Expected Inflation Best News Since IMF Mission's Previous Visit
The best news since the previous visit of the International Monetary Fund’s delegation to Romania is the decrease of the country’s inflation above expectations, IMF's mission head Jeffrey Fr...
Employers Propose Measure Allowing For Rise Of Low Wages
The Alliance of Employers’ Confederations in Romania (ACPR) proposed the adoption of measures allowing employers to grant incentives exempt from income tax to employees earning wages of 700...
Tanasescu: Foreign Banks May Withdraw Money From Romanian Subsidiaries
Romania’s representative to the International Monetary Fund, Mihai Tanasescu, said Sunday foreign banks’ local subsidiaries may transfer money outside the country should mother banks ask for...