Banks-Insurance
Romania's Stake In Proprietatea Fund Shrinks To 19%
The Finance Ministry transferred a total 6.35% in investment fund Fondul Proprietatea (FP.RO) as compensation in June, thus reducing its stake to 18.9%, while foreign companies remained the...
Open-End Funds' Net Subscriptions At RON495M In 2Q
Net subscriptions in Romanian open-end funds dropped 14.4% in the second quarter, to 494.6 million lei (EUR116 million), from RON578.4 million in the first quarter, while investors were main...
Leu Weakens Vs Euro, In Line With Neighbors
Romania’s leu weakened against the euro Friday, amid a negative sentiment in the region following worse-than-expected job data in the US.
Government Might Reduce Pre-Finance Cap For EU Projects To 15% From 30%
The Romanian Government considers reducing the state ceiling to pre-finance EU-funded projects from 30% to about 15% of the contract’s value, people close to the matter told MEDIAFAX Friday.
Leu Loses Gains Vs Euro, Exchange Rate At 4.2037
Romania’s leu lost early gains versus the European common currency, but the central bank’s reference advanced 0.12% to 4.2037 units, from 4.2087 units a day earlier.
Alpha Bank Injects EUR50M Into Romanian Subsidiary
Alpha Bank, the local subsidiary of one of the leading Greek financial groups, received a significant capital injection in June, of EUR50 million. Bank officials say the capital increase is...
UniCredit Asks For Avrig 35's Insolvency
UniCredit Tiriac Bank has filed a petition requesting the insolvency of Avrig 35 and Avrig Asset Management, after having lent them more than EUR70 million over time for real estate projects...
Radu, UniCredit: Crisis Opens Up Opportunities For Arising Of Local Champions
The Romanian economy could use the conditions generated by the crisis to come up with stronger local companies, capable of achieving the status of “national champion”, as well as operate abr...
Fitch Upgrades BCR, BRD and UniCredit Tiriac To ‘BBB+’
Fitch Ratings Thursday upgraded the long-term issuer default ratings of Banca Comerciala Romana (BCR), BRD - Groupe Societe Generale (BRD.RO) and UniCredit Tiriac Bank to 'BBB+' from 'BBB' f...