Banks-Insurance
May Private Lending Up 1.5% On Month To RON207.6B
Private lending rose 1.5% in real terms to 207.6 billion lei (EUR49.29 billion) in May from a month earlier, central bank data showed Tuesday.
Romania Needs Additional Efforts To Hit ’12 Budget Gap Target - IMF
Authorities will have to make additional efforts in order to hit the 3% budget deficit target set for 2012, and faster progress is needed for EU fund absorption and capital expenditure, said...
Insurers Vie For 750,000 Clients Who Signed Six-Month Auto Liability Policies In Winter
Around 750,000 car owners are preparing to renew next month the auto liability insurance policies (RCA) they signed for a six-month period during the winter campaign, so that many insurers a...
Swiss Franc Loans Cause Trouble To Banks And Clients Alike
Loans in Swiss francs, used in boom years as a means of stimulating sales thanks to the low nominal interests, are now troublesome for bankers as well, not just for clients who chose to borr...
Former Banca Transilvania Executive Moves To Restaurant Business
Ionut Patrahau, 41, former deputy general manager and member of Banca Transilvania’s board of directors, set up a restaurant business in Cluj-Napoca. The new business required investments of...
Basescu Wants Law Implementing JHA Decision On Illegally Obtained Property
Romanian President Traian Basescu called on lawmakers Monday to find a way to transpose into national legislation decision 2005/212 of the Justice and Home Affairs Council (JHA) on confiscat...
Romania Will Miss Budget Gap Target, Because Of Upcoming Elections - Piraeus
Romania's Government will miss this year's budget deficit target of 4.4%, agreed upon with the International Monetary Fund, as there is a high likelihood of "fiscal slippages" before next ye...
State-Owned Bank Heads' Salaries Come To Light
One of the best-kept secrets, the salaries of state-owned bank managers, has been revealed with the publication of the personal financial statements not by the banks where they work, but by...
Domestic Insurers Not Afraid Foreigners Will Take Their Place On The Market
Major insurers say the local industry is not quite appealing to foreigners at this moment given the negative figures it has recorded over recent years, even though insurance regulator CSA ha...