Banks-Insurance
EBRD Lends RON33M To Romania’s City Of Medias For Infrastructure Upgrades
The European Bank for Reconstruction and Development will extend a 33 million lei (EUR7.85 million) loan to Romanian central city of Medias to finance urban infrastructure upgrades, the bank...
Leu Opens Flat Vs Euro, in Line With Peers
The Romanian leu opened nearly flat against the euro Thursday, in line with other currencies in the region, with a moderate strengthening trend early in the session.
Policeman, Former Mayor, Leasing Company Manager And Electronics Engineer To Watch Over Insurance Market
The insurance market will be regulated by people who have barely had anything to do with this industry so far, which means politicians had the final say in the appointment of the new managem...
Former Public Servant Creates Free EU Fund App For iPhone And iPad
Ionut Ilie, an executive who quit his public sector job at the end of last year to set up his own European fund consultancy business, has developed a free iPhone and iPad application intende...
Romania Will Need Plan B If Greece Exits Euro Zone
Finance ministries and central banks also work with scenarios that consider the exit of Greece from the euro zone and Romania should have a plan B for a prospective bankruptcy of Greece, in...
Government Will Guarantee, Subsidize Loans For Work On Building Envelopes
Work on a residential building's envelope in Romania will be financed 10% by the beneficiary and 90% through bank loans, with government guarantees and subsidized interest.
Leu Slides Vs Euro As Aversion To Risk Increases
Romania’s leu weakened against the euro Wednesday, amid growing aversion to risk in the region as investors were thrown back at news that the EU leaders have different positions regarding a...
Boc To Coordinate Center For Foreign Investments Support
Romanian Prime Minister Emil Boc told ministers Wednesday he will take over the coordination of the center aimed to promote commerce and foreign investments.
ING Pension Fund Buys 5.5% Stake In Drug Wholesaler Ropharma
An ING private pension fund bought Tuesday a 5.5% stake in medicine wholesaler Ropharma Brasov (RPH.RO), for 9.2 million lei (EUR2.1 million), from companies controlled by businessman Mihai...