Banks-Insurance
Leu Recoups Vs Euro On Positive Sentiment
Romania’s leu recovered early losses against the euro in late trade Tuesday, amid a positive sentiment in the region as EU officials prepare new measures to contain the debt crisis.
BNR: Romania August Overdue Loans Up 2.2% To RON20.2B
Romanian overdue private loans rose 2.2% on the month to 20.18 billion lei (EUR4.68 billion) in August, equal to 9.27% of the total lending, central bank BNR data showed Tuesday.
Private Pension Guarantee Fund To Operate Starting 2012
The Romanian Chamber of Deputies on Tuesday adopted a bill which sets up the private pension guarantee fund, which will operate starting the first half of 2012, the Association for Private P...
PwC: Salaries In Romanian Private Sector Up 5.1% In 2011
Salaries in the private sector in Romania rose by an average 5.1% in 2011, after a 4.3% increase in 2010, but the growth was below estimations made at the beginning of the year, when compani...
Leu Exchange Rate Hits 10-Month Low Of 4.3112 Vs Euro
Romania’s leu fell against the euro by mid trade Tuesday, pushed down by growing orders for foreign currency, and the central bank’s reference weakened 0.3% to 4.3112 units, the lowest rate...
Leu Opens Flat Against Euro, Trading Stays Low
The Romanian leu opened Tuesday roughly flat compared to closing levels in the previous session, on a quiet market with low traded volumes.
Omniasig On Merger With BCR Asigurari: Our Strategy Is “No Winners And No Losers”
The employees of insurers Omniasig and BCR Asigurari, which are in the process of merging to create the largest insurance company on the Romanian market, with over EUR300 million in revenue,...
Banca Carpatica Prepares Return To Profit This Year
Banca Carpatica (BCC.RO) could turn a profit this year after the growth rate of provisions slowed down significantly and loan sales rose, but the bank’s management is also thinking about con...
Private Pension Might Be Paid As Life Annuity, Or Fixed Sum On Determined Period
Contributors to the Romanian private pension funds will be able to choose between receiving pension as a life annuity or as a fixed sum paid during a determined period, according to a draft...