Banks-Insurance
MPs Submit Bills To Let Unions, Employers Manage State Pensions, Unemployment, Health Contributions
A group of Romanian lawmakers have submitted three bills that would let unions and employers’ associations manage national pension, unemployment, and social security funds.
Bad Debts Provisions Surge; Bankers Put Aside RON740M In July
Romanian banks booked provisions worth 739 million lei (EUR175 million) in July, up 16% from a month earlier, a sign that downside pressure on loan portfolio remains high and economic recove...
Pascariu: The Crisis Endgame Will Be Scary, But Not Fatal
The uncontrollable dynamics of the current economic crisis naturally causes fear, but the Western Europe will ultimately find solutions and avoid a catastrophe, even though costs may be high...
Leu Slips Vs Euro On Increased Forex Demand
Romania’s leu retreated against the euro in late session Friday, pushed lower by growing demand for foreign currency, and closed 0.2% weaker on the day at 4.3275/4.33 units.
Leu In Ranges Vs Euro, Exchange Rate At 4.3233
Romania’s leu traded in narrow ranges against the euro by midday Friday, while the central bank’s reference retreated 0.2% to 4.3233 units, from 4.3148 units a day earlier.
Hidroelectrica Takes RON120M Loan From Banca Transilvania
Romanian state-owned hydropower producer Hidroelectrica took out a credit line worth 120 million lei (EUR27.75 million) from Banca Transilvania (TLV.RO) to fund working capital, the Economy...
First Deal With BCR Stock: SIF Muntenia To Sell 3.8% To Erste For Some EUR60M
Romanian regional investment fund SIF Muntenia (SIF4.RO) Friday said it will sell a 3.77% stake in lender Banca Comerciala Romana (BCR) this year, for 70.1 million lei (EUR16.2 million) and...
Leu Opens Flat Vs Euro, Amid Region-Wide Apathy
The Romanian leu opened flat against the euro Friday, in a market with little-to-no activity, while other currencies in the region were seeing similar evolutions in a similar context.
Volksbank Expects EUR900M Loss In 2011, On Book Value Write-Downs At Austria, Romania Units
The Volksbank group, Austria’s fourth-largest bank, Friday announced a series of reorganization measures, and expectations of a EUR900 million loss this year, caused mainly by write-downs on...