Banks-Insurance
Leu Ends Higher Vs Euro On Positive Sentiment
Romania’s leu recovered earlier losses against the euro in late trade Thursday and closed 0.3% stronger on the day, amid a positive sentiment in the region after Italy pledged to step up aus...
Allianz-Tiriac CEO Rangam Bir Appointed Head Of UNSAR
Rangam Bir, CEO of Romanian insurer Allianz-Tiriac, has been appointed president of insurers' association UNSAR until the next elections, scheduled for 2013.
Romania Sells RON500M 5-Year Bonds; Yields Fall Slightly To 7.3%
Romania’s Finance Ministry on Thursday sold a planned 500 million lei (EUR116.8 million) in five-year treasury bonds, at an average yield of 7.3% a year, slightly lower than at the previous...
Leu Exchange Rate At 4.2778 Vs Euro; Falls To New Low Vs Swiss Franc
Romania’s leu retreated against the euro in mid trade Thursday and the central bank’s reference weakened slightly to 4.2778 units, from 4.2748 units a day earlier. Against the Swiss franc, t...
Leu Edges Up Vs Euro, Investors Stay Cautious
The leu gained some ground against the euro early Thursday, on a market where investors remained cautious, awaiting solutions on the euro area debt crisis.
Romanian Investors Are Turning To Gold, As Prices Hit All-time Highs
When gold hit its second all-time peak in a row at National Bank of Romania (BNR) rates on Tuesday, Piraeus Bank, the only domestic lender that sells gold to retail clients, registered order...
Authorities May Fine Uninsured Homeowners Only After August 2012
Romanian local authorities will be able to fine people without mandatory home insurance only starting with August 2012, according to Law 260/2008 as amended and republished, although the Int...
Leu Ends Lower Vs Euro On Negative Sentiment
Romania’s leu lost earlier gains versus the euro in late trade Wednesday and closed slightly weaker on the day, amid a negative sentiment in the region.
Udrea: Mayors Must Start EU-Funded Project Within Six Months Or Will Lose Money
Romanian local authorities that fail to start projects financed through the Regional Operational Program within six months from signing contracts with the Regional Development Ministry will...