Banks-Insurance
Leu Weakens Vs Euro On Negative Sentiment
Romania’s leu retreated against the euro Wednesday, amid a negative sentiment in the region and pushed down by stop-loss orders from non-residents, closing at 4.174/4.175 units.
Alico Asigurari Premiums Up 7.1% In 2010, To RON205M
Romanian insurer Alico Asigurari's underwritten premiums increased by 7.1% last year, above the market average growth of 2.3%, to more than 205 million lei (EUR49 million), while gross profi...
Leu Widens Loss Vs Euro, Exchange Rate Falls To 4.1719
Romania’s leu widened early losses against the euro in mid trade Wednesday, tracking the currencies in the region, and the central bank’s reference weakened 0.4% to 4.1719 units, the lowest...
S&P Affirms Romania’s Credit Rating At ‘BB+’; Outlook Stable
Standard & Poor’s Wednesday affirmed Romanian sovereign credit ratings at 'BB+/B' for foreign currency and at 'BBB-/A-3' for local currency, saying it expects economic recovery to remain slu...
Leu Down Vs Euro In Early Trade, Immune To 1Q GDP Data
Romania’s leu weakened against the euro in early trade Wednesday, unaffected by positive data that showed the economy expanded at a slightly faster pace than initially estimated in the first...
Generali Targets Infrastructure Projects Developed With EU Money
Generali, one of the top ten companies on the insurance market, is planning to boost its policy sales by insuring works on infrastructure projects financed with European funds, which are see...
Alexandrescu, Alico: We Must Also Consider Low-Income Clients
With insurance policies starting from just EUR12 per year, Alico needs half a million clients so its portfolio will generate sufficiently high revenues.
Overnight Deposits At Central Bank Rise To RON39.8B In May
Overnight deposits at Romania’s central bank reached a combined amount of 39.8 billion lei (EUR9.6 billion) in May, up 15.2% on the month, central bank data showed Tuesday.
Romania’s Factoring Market Seen Up 20% In 2011, To EUR2.2B
Romania’s factoring market may grow by some 20% in value this year, to EUR2.2 billion, according to estimations by Romanian factoring association ARF.