Banks-Insurance
German Insurer Allianz 1Q Net Profit Seen Down 43.8%, To EUR900M
The net profit of German insurance group Allianz is expected to have dropped 43.8% in the first quarter of the year, to EUR900 million, and revenues likely declined nearly 2%, according to t...
Leu Opens Down Vs Euro In Quiet Market
The Romanian leu opened lower against the euro in a quiet Wednesday morning, with peers in the region trading in narrow ranges versus the European common currency.
Raiffeisen Bank Romania Expects RON272M Net Profit In 2011
Raiffeisen Bank Romania expects a net profit of 271.8 million lei (EUR66.7 million) in 2011, calculated by Romanian accounting standards, slightly up on the year, following investments of RO...
MedLife Borrows EUR19M From BCR For Network Expansion
Romanian private healthcare provider MedLife took two loans worth a total EUR19 million from Banca Comerciala Romana, or BCR, to expand its network by opening new units, company president Mi...
BNR Becomes Arrears Watchdog: It Has to Monitor and Audit Finance Ministry Pans to Reduce Debt
Romania's central bank is required to monitor and audit the application of the Finance Ministry's strategic plans to reduce arrears incurred by the local authorities and by state-controlled...
Romanian Power Plant Craiova To Hold Auction For RON50M Credit On June 14
Romanian state-owned thermal power producer Craiova on Tuesday said it seeks credit worth 50 million lei (some EUR12.2 million) to use as working capital between 2011 and 2012.
Bucharest's Residential Compound 'My Dream' Sold At Auction For EUR16.7M
Apartment building My Dream in northern Bucharest was sold for EUR16.74 million in the first auction held by BDO Business Restructuring, the court-appointed administrator of bankrupt buildin...
Romania’s Population Expected To Decrease In Next Four Years
The Romanian Government estimates Romania’s population will decrease by over 200,000 people in the next four years, to 21.1 million in 2015 from 21.3 million in 2011.
Pioneer Investments Launches New EMEA Fund; Target Capital At EUR500M
Pioneer Investments Luxemburg, the asset management unit of Italy’s top lender UniCredit, announced the launch of a new euro-denominated fund for emerging markets aimed to attract between EU...