Banks-Insurance
Hundreds Of Romanians Are Shareholders Of BMW, Mercedes, Orange, Louis Vuitton Without Knowing It
Eight out of the nine privately-managed mandatory pension funds (2nd pillar) have for the first time since their launch published a detailed structure of their investments.
Romania’s Banking System Returns To RON373M Profit In 1Q
Romania’s banking system returned to a 373 million lei (EUR90.7 million) profit in the first quarter this year, after concluding 2010 with the first instance of annual loss seen in the past...
Bank Of Cyprus Grants EUR23M Credit To Romanian Project Colosseum
Bank of Cyprus granted credit worth up to EUR22.8 million to Nova Imobiliare, developer of the Colosseum shopping center in Bucharest, on top of a EUR26 million loan approved in February.
Leu Recovers Early Loss Vs Euro, Ends Flat On Day
The Romanian leu closed flat against the euro Wednesday at around 4.1055/4.1075 units, recovering in the second half of the session the ground lost in early trade.
Astra Paid RON160M In Car Damages In 1Q
Romanian insurer Astra paid car damages worth 159.98 million lei (EUR38.89 million) in the first quarter this year, up 72.% on the same interval of 2010.
Romania Sells EUR939M In 3-Year Bonds At 4.9% Average Yield
Romania’s Finance Ministry on Wednesday sold a more-than-planned EUR939 million in three-year bonds at an average yield of 4.89%, slightly higher than at the previous auction in November 201...
Holrom Renewable Energy To Launch 17-MW Wind Farm In May
Holrom Renewable Energy on Wednesday said it will complete this month a EUR21 million wind farm in Baia, in the Romanian southeastern county Tulcea.
Energy Rose Invests EUR10M In 6-MW Wind Project In SE Romania
Israeli-owned Energy Rose on Wednesday said it will build its first wind farm in Romania, with an investment of EUR10 million for an installed capacity of 6 MW.
Leu Widens Loss Vs Euro, Exchange Rate At 4.1127
Romania’s leu extended early losses against the euro in mid trade Wednesday and the central bank’s reference weakened to 4.1127 units, from 4.1073 units a day earlier.