Banks-Insurance
BNR: Bank Payment Refusals Hit 32-Month Low In April
Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 470 million lei (EUR114.8 million) in April, the lowest level since September 2008, central bank d...
Leu Weakens Vs Euro Amid Low Volumes
Romania’s leu lost early gains versus the euro in late trade Friday and closed slightly weaker on the day, amid low volumes.
UniCredit: Romania Expansion Plan To Start Once Economy Recovers For Sure
Italian banking group UniCredit will kick off its territorial expansion program in Romania once the economy is sure to have emerged from the crisis, said Gianni Franco Papa, head of Unicredi...
Raiffeisen Cuts BRD To Hold From Buy, Target Price Reduced To RON16.6
Romanian bank BRD-Groupe Societe Generale (BRD.RO) was downgraded to hold from buy at Raiffeisen Zentralbank Osterreich, following a slower than expected decline in risk costs, the Austrian...
Omniasig 1Q Underwritten Premiums Down 6%, To RON221.1M
Omniasig’s underwritten premiums decreased by 6% in the first quarter of 2011, to 221.1 million lei (EUR53.8 million), the insurer said in a press release Friday.
EBRD Expects Romania FDI To Rise In 2011
The European Bank for Reconstruction and Development sees Romania's net foreign direct investment up to 2.9% of the gross domestic product in 2011, from 2% of GDP in the previous year. In 20...
EBRD: Romania's Current Account Deficit To Widen In 2011
The European Bank for Reconstruction and Development forecasts Romania's current account deficit will widen at 5% of the gross domestic product this year, from 4.2% of GDP in 2010. In its la...
EBRD Sees Romania's Budget Deficit At 4.4% Of GDP In 2011
EBRD estimates Romania will post a budget deficit of 4.4% of the gross domestic product in 2011, narrower from 6.4% of GDP a year earlier. For 2012, Romanian authorities plan to cut the defi...
Leu Rises Vs Euro, Exchange Rate At 4.1091
Romania’s leu widened early gains versus the euro in mid trade Friday and the central bank’s reference strengthened 0.4% to 4.1091 units, from 4.1254 units a day earlier.