Banks-Insurance
Isarescu: Who Had Cash To Buy 1 Bln Euros?
Governor Mugur Isarescu questioned the accuracy of ING Bank’s calculations which indicate the central bank has sold EUR1 billion in May to keep the exchange rate stable.
Eurostat: Romania April Retail Sales Fall At 2nd Fastest Pace In EU
Romanian retail sales fell 1.8% on the month in April, the second largest increase in the European Union, official data showed Tuesday.
Asesoft Owners Use EUR4M Loans To Capitalize Romanian Flanco
Romanian businessmen Sebastian Ghita and Iulian Stanciu contracted two loans worth a total EUR4 million from BRD-Groupe Societe Generale and UniCredit Tiriac Bank, to capitalize electronics...
Isarescu Says 2005/06 Monetary Policy Tightening Not Good
Romanian central bank’s monetary policy tightening in 2005-2006 had a negative impact on prices, because it led to a non-sustainable appreciation of the leu and a boom of the foreign currenc...
Leu Opens Flat Vs Euro, Weakens In Early Trade
The Romanian leu opened unnoticeably stronger against the euro Tuesday, but weakened later, out of sync with other currencies in the region, as foreign players focused on buying euro.
UniCredit's Nicastro: We Could Buy The Right Bank
Italy’s UniCredit group, which controls the seventh domestic bank by assets, UniCredit Tiriac Bank, is opening up on a possible acquisition as an alternative to the classic business expansio...
Mutual Fund Management Turns Into Lucrative Business After 15 Years
After more than 15 years since the development of the first investment fund, asset management has become a profitable business in Romania as well.
Romanians Abroad Saved EUR12B Last Year - Survey
The 2.9 million Romanians working abroad saved EUR12 billion last year, according to a survey by the Soros Foundation Romania and the International Agency for Source Country Information.
Life Insurance Policies Worth EUR21M Surrendered In 1Q
The value of redeemed life insurance policies slid by only 2% in the first quarter compared with the same period of 2010, but they are still two to three-times higher than before the crisis.