Banks-Insurance
New Accounting Law To Bring "Informal" Accountants Out Into The Open
The new accounting law, modified through a government emergency ordinance, for the first time makes a clear distinction between organizing and keeping the books, versus doing more advanced r...
First Home 4 Start Delayed: Government Has Yet To Publish Framework Agreement
The "First Home" scheme is officially frozen, as banks have exhausted the EUR200-million sum earmarked at the start of the year and the fourth stage cannot start since the protocol of co-ope...
Leu Gains In Early Trade, On Euro Sale Orders
The Romanian leu opened stronger against the euro Wednesday and extended gains soon after on euro sale orders, before losing some ground later on.
Romania Vows Quick Privatization Or Liquidation For Oltchim - Draft
Romanian chemical company Oltchim (OLT.RO) will be liquidated if the government fails to privatize it by the end of the year, according to the draft letter agreed on May 3 between local auth...
Leu Ends Up Vs Euro After Quiet Session
The Romanian leu traded in narrow ranges in the second part of Tuesday session and closed higher against the euro, in line with other currencies in the region.
Romania Plans To Sell At Most 20% In Airline Tarom
Romania’s Government plans to sell 20% in national airline Tarom either on the stock exchange or to a strategic investor by the end of 2011, according to the draft letter of intent agreed wi...
Romania Pledges To Float 20% In CFR Marfa By Yearend
Romania's Government will offer a 20% stake of state-owned railway company CFR Marfa by initial public offering, "with a view toward full privatization when market conditions permit," accord...
Romania Considers 15-Year State Bond Issue
Romania’s Finance Ministry talks with pension funds and insurance companies about launching 15-year state paper this year if enough critical mass is achieved, state secretary Bogdan Dragoi s...
Astra Reports 1.5% Hike In 1Q Subscribed Premiums, To RON334.74M
Romanian insurer Astra posted revenue from subscribed premiums of 334.74 million lei (about EUR82 million) in the first quarter of the year, up 1.5% compared to the same interval in 2010, wh...