Banks-Insurance
Groupama Asigurari Appoints Calin Matei As Deputy GM
Romanian insurer Groupama Asigurari appointed Calin Matei as deputy general manager, a position left vacant since 2010, when Sanda Nicoara was promoted as general manager.
Leu Continues Slide With 0.7% Fall Vs Euro On Negative Sentiment
Romania’s leu weakened against the euro Monday, amid a negative sentiment in the region, after European officials failed to agree on immediate financial aid to Greece.
PDL Proposes Former Allianz-Tiriac CEO Cristian Constantinescu As Head Of CSA
Romania's Democratic Liberal Party (PDL) has nominated Cristian Constantinescu, head of insurers' organization UNSAR and former general manager of Allianz-Tiriac Asigurari, for president of...
BNR: Bank Payment Refusals Rise To RON504M In May
Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 503.6 million lei (EUR119 million) in May, up 7.15% on the month, central bank data showed Monday.
Alina Pascu Leaves Banca Feroviara
Alina Pascu has resigned from her position of deputy general manager at Romanian lender Banca Feroviara, controlled by businessman Valer Blidar, after just six months with the bank, said peo...
IMF Board To Review Romania EUR3.5B Loan Agreement June 24
The International Monetary Fund’s Executive Board will convene on June 24 to review Romania’s progress under a EUR3.5 billion precautionary loan agreement, according to the board’s agenda, p...
Romania Sells RON1.4B 1-Year T-Bills At 6.65% Average Yield
Romania’s Finance Ministry on Monday sold a planned 1.4 billion lei (EUR328 million) in one-year treasury bills, at an average yield of 6.65% a year, a touch higher than at the previous auct...
Leu Falls Further Vs Euro, Exchange Rate At 4.2635
Romania’s leu retreated against the euro by mid trade Monday, tracking the currencies in the region, and the central bank’s reference weakened 0.8% on the day to 4.2635 units, the lowest rat...
Eureko Asigurari Appoints New Chief Commercial Officer
Insurer Eureko Asigurari appointed Alexandru Leondari as chief commercial officer, replacing Shaun Russell, whose three-year mandate expires at the end of June.