Banks-Insurance
Dafora To Refinance EUR25M Loans
Romanian drilling company Dafora Medias (DAFR.RO) will refinance its existing loans in a move to obtain better lending terms, the company said in a statement Monday.
Leu Firms Vs Euro On Positive Sentiment
Romania’s leu strengthened against the euro Monday, mirroring the currencies in the region, and closed 0.4% higher on the day at 4.2215/4.224 units.
Leu Widens Gains Vs Euro, Exchange Rate At 4.2246
Romania’s leu extended early gains versus the euro by mid-trade Monday and the central bank’s reference won nearly 0.4% on the day to 4.2246 units, from 4.2403 units in the previous session.
UNIQA Names New Presidents At Its Romanian Subsidiaries
Austrian insurance group UNIQA named Florin Golovatic and Remus Lapusan at the helm of its Romanian subsidiaries, UNIQA Asigurari and UNIQA Asigurari de Viata, respectively, the company anno...
IMF: Romania May Raise Public Sector Wages After More Job Cuts
Even though the government may consider there is room for public sector wage increases, Romania should only raise them following more job cuts layoffs, Monday said Jeffrey Franks, head of th...
Leu Opens Up Vs Euro, In Line With Region
Romania’s leu opened higher against the euro Monday, amid a positive sentiment in the region after US lawmakers struck a deal to increase the nation’s borrowing ceiling and prevent a possibl...
IMF: Romania Inflation Likely To Top 5% In December
Romanian inflation is likely to ease further over the coming months, but the year-end rate will probably come in above the central bank’s forecast of 5%, the International Monetary Fund said...
BRD's Net Profit Falls 23% To RON282M In First Six Months
BRD Societe-Generale (BRD.RO) on Monday reported a 23.3% drop in its first-half net profit to 282 million lei (EUR66.5 million), hurt by weak demand.
Banca Transilvania's First Half Net Profit Doubles To RON65.6M
Romanian lender Banca Transilvania (TLV.RO) Monday said its first-half net profit nearly doubled on the year to 65.6 million lei (EUR15.5 million), on lower provisioning and higher income fr...