Banks-Insurance
Alico Romania: Bancassurance May Help Banks Eliminate Deposit-Loan Fluctuations
Lenders in Romania should focus more on bancassurance, that may generate additional revenues and eliminate deposit-loan fluctuations, Theodor Alexandrescu, general manager of Alico Asigurari...
Leu Up Vs Euro, Exchange Rate At 4.3308
Romania’s leu advanced modestly versus the euro by midday Thursday and the central bank’s reference strengthened to 4.3308 units, from 4.3346 units a day earlier.
Vasilescu, BNR: Romania Capital Inflows At EUR16B Before Crisis; The Money Is Gone Now
Romania benefited from annual capital inflows of around EUR16 billion on average between 2004 and 2008, but the global financial crisis took a big chunk out which is not coming back, a centr...
Euroins, Carpatica And Astra Got Highest Number Of Complaints In First Nine Months
Euroins, Carpatica Asigurari and Astra had the highest number of dissatisfied customers, with complaints sent to the Insurance Supervisory Commission (CSA) exceeding 3,000 in the first nine...
Companies Move Money To Foreign Bank Branches
Companies increased their deposits in foreign currency held in foreign bank branches by the equivalent of 2.8 billion lei (some EUR660 million) in the third quarter, while the institutions o...
Way Out Of Recession As Seen By Foreign Investors
The Foreign Investors Council (FIC) proposes the return to a 19% VAT as a solution to revive consumption and economic growth, reducing social security contributions and increasing the absorp...
Leu Firms Vs Euro On Positive Sentiment
Romania’s leu strengthened against the euro Wednesday, mirroring the currencies in the region, and closed 0.5% higher on the day at 4.337/4.338 units.
Cards Used In Only 5% Of Purchases On Online Store eMAG
Only 5% of the purchases made on eMAG.ro are paid by card and this figure will not change significantly in the future, because the banks discourage the use of this payment instrument, said R...
Polish Enterprise Fund VI Invests Another EUR10M In Romanian Retailer Profi
Private equity fund Polish Enterprise Fund (PEF) VI on Wednesday said it will add EUR10 million to the share capital of Romanian company Profi Rom Food, for investment in the expansion of th...