Banks-Insurance
No Concrete Offers Yet For RBS Romania - CEO
RBS Romania hasn’t received any concrete buy offer so far, despite much interest from suitors, chief executive officer Johan Gabriels said Thursday.
Basescu: No Further Bank Taxes In Sight
Romanian President Traian Basescu Thursday said the government doesn’t plan to increase banking taxes.
Vasilescu, BNR: Monetary Policy Not Enough To Control Inflation
Romanian central bank’s current monetary policy is insufficient to reign in inflation, particularly in a free market with constant capital inflows that lead to an eventual globalization of t...
Treasury Attracts RON500M In 5-Yr Bonds, At 7.34% Yield
Romania’s Finance Ministry on Thursday sold a planned 500 million lei (EUR121.2 million) in five-year treasury bonds at an average yield of 7.34% a year.
PAID: 500,000 Mandatory Home Insurance Policies Sold Since July 2010
The number of mandatory home insurance policies issued in Romania between July 15, 2010 and May 16, 2011 reached 496,672, according to data released by the Insurance Pool against Disasters,...
Ghetea: Private Lending Will Recover In H2
Romanian private lending is poised to pick up in the second half of 2011, albeit at a slower pace compared with pre-crisis levels, said Radu Ghetea, head of Romanian Banking Association.
Leu Loses Early Gains Vs Euro, Exchange Rate At 4.1254
Romania’s leu lost early gains versus the euro in mid trade Thursday and the central bank’s reference weakened to 4.1254 units, from 4.1184 units a day earlier.
Basescu: New IMF Loan Deal Is 100% A Romanian Government Program
President Traian Basescu on Thursday dismissed any claims that the International Monetary Fund would be a "God's whip" above the Romanian Parliament and Government, insisting the local autho...
Energy Price Deregulation Must Happen Quickly, President Says
Romania's government must establish “very quickly” a calendar for price deregulation in the energy and natural gas sectors to allow an adequate inflation targeting at the central bank, Presi...