Banks-Insurance
Local Fund Managers Handle EUR2B In Assets
The assets of Romanian investment funds reached EUR1.98 billion at the end of August, considering the money raised by the funds available through local managers, which are registered abroad,...
UniCredit Leasing In Competition With Used Car Dealers
UniCredit Leasing, which controls a third of the leasing market, is tapping the used car market with a major project, taking over the former complex built by AAA Auto at the entrance to the...
Five Romanian Companies Among Top 50 Insurers In Eastern Europe
Five insurance companies feature among the top 50 insurers in Central and Eastern Europe by gross premiums underwritten last year, with the cumulated value of the five companies’ business ex...
Household Bank Deposits Lower In Romania Than In Bulgaria, Hungary Or Poland - Survey
The average value of bank deposits held by Romanians is only EUR1,193, 60% lower than that of Bulgarians, more than twice lower than those of Hungarians or Poles; in Germany, the average val...
Employers Want Small Companies To Pay Profit Taxes Annually
Romanian employers called on Prime Minister Emil Boc to allow small companies to pay profit taxes annually, not quarterly, and raise the annual income cap for which value added tax is paid f...
Romanian Insurer Ardaf 1H Profit Down 10%, To RON8.1M
Romanian insurer Ardaf reported net profit of 8.1 million lei (EUR1.9 million) in the first six months of 2011, down 10% on the year, and revenue of RON157.3 million, down 22% compared to 20...
Leu Closes Weaker, On Euro Decline Vs US Dollar
The Romanian leu closed Friday weaker against the euro, in line with other currencies in the region, indirectly influenced by the euro’s depreciation against the US dollar.
Morgan Stanley To Advise On Romania’s Romtelecom Possible Listing, Merger
Romanian hard-line telephony operator Romtelecom on Friday said it has selected US investment bank Morgan Stanley to assess the pros and cons of a possible listing in Bucharest and a propose...
Forty-Six Firms Registered For SME Loan Guarantee Program Friday Morning
The Romanian agency for small and medium enterprises on Friday have received 46 requests from firms to register for the “Mihail Kogalniceanu” program, through which the Government guarantees...