Banks-Insurance
Good News For Bankers: Private Lending Is Thawing
May brought the fastest monthly advance of private lending in the past year, 1.5%, showing that bankers are successful in finding more clients to sell loans to.
Government Wants Updated EC Labor Market Report Hoping Work Restrictions To Be Lifted
The Romanian Government will ask the European Commission to draw up a new research on the impact of the labor market liberalization on the EU member state’s economy, hoping labor market rest...
Romania Will Likely Meet H1 Fiscal Targets, But Capital Spending Still Low – Franks
Romania’s low level of expenditure will most likely allow for the first half fiscal targets to be achieved, but the authorities still need to imporove the EU-related capital spending, said J...
A Monetary Policy Change Likely Later In The Year - Franks
A potential change in the monetary policy is a decision that can be made later this year, not necessarily in Wednesday's board meeting of the central bank, said Jeffrey Franks, the head of t...
Mandatory Pension Fund Administrators’ Losses Up 55.3% In 2010, To RON45.97M
Romanian mandatory private pension fund (Pillar II) administrators registered losses of 45.97 million lei (about EUR11 million) in 2010, up 55.3% compared to the previous year, according to...
Concerns About Greece Raised Romania’s Risk Premium In Last Few Days- Franks
Greece woes have resulted in the increase of risk premium for Romania in the last few days, but it will be some time before it can be determined whether the situation is a long-term one and...
Share Of Empty Mandatory Private Pension Accounts Fell To 5.49% In 2010
The share of mandatory private pension accounts with no pension contributions transferred since May 2008 decreased by 1.59 percentage points last year to 5.49%, according to data included in...
Romanian President Thanks Local Greek-Owned Banks For "Proper" Conduct
Romanian President Traian Basescu said Tuesday, after a talk with Greek President Karolos Papoulias, that the seven Greek banks on the Romanian market are operating "properly," for which he...
Private Pension Watchdog Posts RON5.81M Loss For 2010
Romania’s private pension regulator CSSPP posted a net loss of 5.81 million lei (EUR1.38 million) for 2010, 19.1% wider than losses posted in 2009, according to the institution’s annual repo...