Banks-Insurance
Ardaf 1Q Premium Revenue Down 56.9%, To RON35.7M
Ardaf (ARDF.RO) posted revenues from underwritten premiums of 35.69 million lei (EUR8.75 million) in the first quarter of the year, down 56.9% compared to the first quarter of 2010, while it...
ING Asigurari de Viata To Pay Dividend Worth EUR8.8M
Romania’s ING Asigurari de Viata will pay its major shareholder, Dutch company ING Continental Europe Holding, dividends worth 36 million lei (EUR8.8 million), amounting to 93% of the compan...
Current Account Deficit Shrinks To EUR634M In First Quarter
Romania registered a current account deficit of EUR634 million in the first quarter, narrower than EUR1.5 billion in the year-earlier period, the central bank said Monday.
BNR: FDI Inflow Drops 22% In First Quarter, To EUR379M
Romanian foreign direct investment, or FDI, fell 22% to EUR379 million in the first quarter, from EUR486 million in the same period a year ago, the central bank said Monday.
BCR: We Changed The Game Rules On Deposit Market
The EUR100,000 cap up to which the state guarantees banking deposits set up with domestic lending institutions covers approximately 750,000 BCR clients, according to the representatives of t...
Dacia Duster Drives Romanian Economy Back To Growth
The growth of Romania's GDP in the first quarter of this year, eagerly awaited by the government, was driven by the increase in sales of the Dacia Duster SUV in the first three months of thi...
Health Insurance Still Just A Market "With Potential" Until Healthcare Reform
Health insurance has been the segment with the highest growth potential for insurers for many years, but the potential failed to materialize until now, BUSINESS Magazin reports.
UniCredit Posts RON52M Net Profit By RAS In Q1, Down 14%
UniCredit Tiriac Bank, a local lender controlled by Italy's UniCredit group in partnership with businessman Ion Tiriac, in the first quarter generated net income worth 52 million lei (EUR12....
Aviva Asigurari De Viata To Cut Share Capital By RON83.3M, To RON109.8M
The shareholders of Romanian insurer Aviva Asigurari de Viata have decided to reduce the share capital by 83.3 million lei (EUR20.2 million), to RON109.8 million, by canceling a number of sh...