Banks-Insurance
Leu Opens Down Vs Euro, In Line With Region
Romania’s leu opened lower against the euro Thursday, extending losses from the previous session after the US Federal Reserve warned of significant economic risks even while launching a new...
Sales Decline Forces Insurance Market To Consolidate
The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money h...
Central Bank Is Late To Discourage Foreign Currency Lending, Doesn’t Go All The Way
On a market where loans in foreign currency account for two thirds of overall household lending, the National Bank of Romania (BNR) wants to discourage foreign currency loans, especially mor...
Life Insurers To Provide Prospective Clients With Extra Information
Romanian insurance companies and brokers will provide their prospective clients with additional information before signing them up for a life insurance policy, as of Wednesday, according to...
Leu Closes Weaker Vs Euro, Attuned To Region
Romania’s leu widened early losses against the euro in late trade Wednesday, tracking the currencies in the region, and closed 0.26% weaker on the day, amid low volumes.
Porsche Finance Group Issued Funding Worth EUR73M In 1H
Porsche Finance Group on Wednesday said it has granted funding worth a total EUR73 million in the first six months of the year, up 15% on the same interval of 2010, helped mainly by the leas...
Capital Partners Sees Romania's M&A Market Flat At EUR300M In 2011
Romanian mergers and acquisitions market is likely to stagnate at around EUR300 million-EUR320 million in 2011, despite a 20% annual increase in the first half of the year, investment-bankin...
Leu Down Vs Euro, Exchange Rate At 4.2902
Romania’s leu edged lower against the euro by mid trade Wednesday and the central bank’s reference weakened to 4.2902 units, from 4.2843 units a day earlier.
Leu Opens Flat Vs Euro, Markets On Stand-By
The Romanian leu opened Wednesday nearly flat against the euro, in a quiet market, while other currencies in the region were also stable against the euro, awaiting the conclusion of the two-...