Banks-Insurance
Town Halls To Sell Mandatory Home Insurance Policies
Romanian insurer PAID will collaborate with local authorities to sell mandatory home insurance policies, its estimates showing that 60% of the houses in the country, around five million, are...
Leu Up Vs Euro, Exchange Rate At 4.2748
Romania’s leu edged higher against the euro in mid trade Wednesday and the central bank’s reference won 0.2% at 4.2748 units, from 4.2838 units a day earlier.
Leu Opens Flat Vs Euro, Weakens Early
The leu opened nearly flat against the euro Wednesday, thus unable to recover the ground lost in the previous session, and continued to weaken early, on negative international sentiment.
VIG Plans Omniasig-BCR Asigurari Merger To Create Romania's Largest Insurer
After making acquisition after acquisition in recent years, so that it came to own four major Romanian brands it was feeling comfortable with, Austria’s Vienna Insurance Group (VIG) made the...
Coman, ING: Life Insurance Back To Two-Digit Growth Next Year
Life insurance will not grow by more than 5% this year, but will revert to two-digit increases starting 2012, as the economy is expected to rebound and individuals’ incomes to go up, estimat...
EBRD: Romania And Turkey, Top Renewable Energy Investment Destinations
Romania and Turkey are the countries pointed out by all investors when it comes to green energy investments, says Riccardo Puliti, managing director in charge the energy and natural resource...
Severnav Eyes EUR2.35M Loan From CEC Bank
Ship builder Severnav (SEVE.RO) plans to borrow EUR2.35 million from CEC Bank to finance activity, the company said in a statement.
Leu Weakens Vs Euro, Attuned To Region
Romania’s leu fell against the euro Tuesday, amid a negative sentiment in the region following renewed worries about the European debt crisis, and closed 1.2% weaker at 4.283/4.285 units, fr...
Romanian Central Bank's US Treasury Holdings Fall To $8B In 2Q
Romania has dropped 4.5% of its holdings in US treasury securities to $8.04 billion in the second quarter, from $8.42 billion at the end of March, the central bank said in a document Tuesday...