Banks-Insurance
UniCredit Resumes Expansion But With One Foot On The Break Pedal
UniCredit Tiriac Bank, the fifth largest lender in Romania, has gained trust to resume branch opening. However, the spectacular plan of opening 300 units in five years announced in late 2010...
Avicola Buzau Eyes RON15.6M Loan From Eximbank
The managing board of poultry meat producer Avicola Buzau (AVZU.RO) asked shareholders to approve the contracting of a loan worth 15.6 million lei (EUR3.6 million) from Eximbank, to be used...
Romanian Impuls Leasing Financed Contracts Worth EUR52M In 1H
Romanian leasing firm Impuls Leasing financed contracts worth over EUR52 million in the first six months of 2011 and expects to end the year among the top players on the local market.
Bucharest Court Of Appeals Cancels Fine Against Pension Fund Aegon Pensii
The Bucharest Court of Appeals cancelled a 150,301 lei (EUR34,850) fine applied by the Competition Council in 2010 against private pension fund Aegon Fond de Pensii for breaching the law reg...
Leu Ends Flat Vs Euro Amid Lackluster Trading
Romania’s leu wavered around 4.31 per euro amid a quiet market Thursday and closed almost flat on the day at 4.317/4.32 units, from 4.3165/4.3185 units in the previous session.
Romania Rejects All Bids In 5-Year Bonds Sale
Romania’s Finance Ministry on Thursday rejected for the second consecutive time all bids in a 500 million lei (EUR115.7 million) five-year bond sale, citing high yields.
Leu Steady Vs Euro, Exchange Rate At 4.3128
Romania’s leu traded in ranges against the euro by midday Thursday and the central bank’s reference strengthened slightly to 4.3128 units, from 4.3144 units a day earlier.
Leu Gains Modestly Vs Euro In Early Trade
Romania’s leu edged higher against the euro in early trade Thursday, pulling strength from international markets, but was pushed back by higher sales as investors took profits.
Owners Who Insured Their Homes Fearing Fines Do Not Extend Contracts
Many homeowners who bought mandatory home insurance policies last year fearing fines did not renew their policies when contracts expired, so that the total number of insured people dropped b...