Banks-Insurance
Finance Ministry To Keep Banks’ Money Only If They Agree To Longer Maturities
The Finance Ministry paradoxically has the upper hand over bankers because at the end of July it is in banks’ best interest not to be stuck with the EUR2.4 billion that the state has to repa...
Alico Aims To Become Life Insurance Market Leader In Five Years
Alico (formerly AIG Life), the third leading life insurance company in Romania, set out to become number one on this market in five years at most.
Central Bank Reports RON203M Staff Expenditure For 2010
The central bank reported staff expenditure worth a total 202.9 million lei (EUR48 million) in 2010, up 9.1% on the year, even though wages were cut by 25% starting July 1 last year.
IMF-EU Delegation To Visit Romania July 20 - August 1
Joint teams from the International Monetary Fund, the European Commission and the World Bank will visit Romania between July 20 and August 1 for the second review of a EUR5.3 billion precaut...
BNR's Net Profit Fell To RON1.4 Billion In 2010
Romania’s central bank BNR posted a net profit of 1.41 billion lei (EUR334 million) in 2010, compared to RON4.6 billion in 2009, on lower interest revenue, according to the bank’s annual rep...
Leu Firms Vs Euro After Fitch Upgrades Romania's Rating
The leu strengthened against the euro Monday, after Fitch Ratings upgraded Romania’s rating one notch to ‘BBB-’ from ‘BB’, with stable outlook, citing progress in recovering from the financi...
Romania Ditches ‘Junk’ Status As Fitch Ups Rating To BBB-
Fitch Ratings Monday upgraded Romania’s long-term foreign currency issuer default rating to ‘BBB-’ from ‘BB’ and long-term local currency rating to ‘BBB’ from ‘BBB-’, citing the country’s pr...
Romania Sells RON850M In One-Year Paper At 6.37% Average Yield
Romania’s Finance Ministry on Monday sold a planned 850 million lei (EUR201 million) in one-year treasury bills, at an average yield of 6.37% a year, lower than at the previous auction.
Hard Coal Mining Company SNLO Plans To Take Out RON40M Loan
Romanian state-owned lignite company SNLO plans to take out a one-year loan worth 40 million lei (EUR9.5 million).