Banks-Insurance
Ambient: Insolvency Was An Option, But We Didn't Take It
Ambient Sibiu, one of the biggest Romanian businesses in retail and distribution of construction materials, even considered insolvency following the collapse of sales and the losses it poste...
SIF Moldova Challenges Erste In Court: Either List BCR Or Pay Dividends
Investment fund SIF Moldova (SIF2.RO), which holds 6% in the largest Romanian bank BCR, challenged in court the lender’s shareholders decision to not pay dividends from the 2010 profit.
Housing Savings And Loan System Still Almost Entirely Focused On Deposits
Six years after its introduction, the housing savings and loan system remains a concept almost entirely focused on attracting deposits, while the funding that goes back into the economy rema...
EBRD: Greece’s Troubles Unlikely To Send Romania Back Into Recession
Greece’s seemingly turn for the worse is unlikely to push Romanian economy into recession, according to Peter Sanfey, lead economist at the European Bank for Reconstruction and Development.
Moody’s: Greek Banks Could Sell Romanian Business If Crisis Worsens
Greek lenders are unlikely to withdraw substantial capital from their Romanian subsidiaries over the coming period, but a sovereign crisis at home could prompt a sale of international busine...
Highest 2011 Contribution To Voluntary Pension Fund Was RON50,500
The highest contribution to the Romanian voluntary private pension fund (Pillar III) this year was paid in January and amounted to 50,429 lei (about EUR12,240), according to data provided by...
Leu Closes Slightly Higher Vs Euro In Quiet Trade
Romania’s leu traded in ranges against the euro amid a sleepy session Friday and closed modestly higher on the day at 4.131/4.134 units.
Leu Higher Vs Euro In Early Trade, Follows Region
Romania’s leu edged higher against the euro Friday morning, mirroring the rebound of neighboring currencies as risk aversion softens after Greece announced new austerity measures to prevent...
Insurers Transfer Risks After Fighting On Auto Liability Segment With Very Low Prices
The ten biggest general insurers transferred premiums worth 358 million lei (around EUR85 million) to reinsurers in the first quarter of 2011, up 56% from a year ago.