Banks-Insurance
Dragoi: Romania Contracted EU Structural Funds, Must Carry Out Projects
Romania has contracted a large part of the structural funds granted by the European Union for the next four years, and authorities must focus on implementing the projects that have been sign...
Romanian Tax Code Seen Unstable By Most Firms In Region - Study
Romania's Tax Code is considered unstable by most companies operating in the region and does not allow the creation of coherent long-term business strategies, says a study carried out in Bul...
Leu Loses Edge Over Euro, Exchange Rate At 4.3159
Romanian leu lost part of its early winnings versus the euro by midday Tuesday, but the central bank’s reference strengthened for the second consecutive day to 4.3159 units, from 4.3222 unit...
PAID Pays First Total Damage Claim For Mandatory Type B Home Insurance Policy
Romanian joint insurance company PAID on September 30 paid the first total damage claim for a type B building insured through a mandatory policy, worth EUR9,000, for a house in Iasi county,...
Isarescu Says Lower Taxes May Block Public Investments
Lowering the taxes or the social security contributions seems like a simple enough solution to unburden the business environment, but the measure would be short-lived and would only limit th...
Bancpost Plans RON92.6M Capital Increase
The Board of Romanian lender Bancpost recommended increasing share capital by 92.6 million lei (EUR21.4 million) to RON1.18 billion, mostly by debt conversion to the benefit of its majority...
Romania Draws RON182M From EximBank For Infrastructure Projects
Romanian state-run import-export lender EximBank will transfer 182.3 million lei (EUR42.1 million) to the state budget from its unused profits to finance public infrastructure projects, acco...
Leu Opens Down Vs Euro, Recoups Later
Romanian leu opened down versus the euro Tuesday, amid a negative sentiment in the region as investors move away from risky assets, but orders for foreign currency in early trade helped push...
Banks Refinanced Household Loans Worth Of EUR850 Million In One Year
About 160,000 Romanians took out loans to refinance or consolidate debt with a cumulated value of more than EUR850 million (3.6 billion lei) from June last year through May 2011. The number...