Banks-Insurance
Aon Corporation Appoints New Chief At Romanian Office
International insurance broker Aon Corporation appointed Valentin Tuca at the helm of its Romanian office, in a decision pending regulator approval, people close to the matter said Wednesday...
Innova Capital Names New CEO At Provus, Romcard
Polish investment fund Innova Capital on Wednesday announced the appointment of Utku Ogrendil as chief executive officer of Romanian firms Romcard and Provus Service Provider, which the fund...
Ghetea: Romanian Banks “Warming Up” For Lending Restart
Romanian banking system is going through a “warm-up” period, when the lenders provide mostly refinancing services, but the situation must change so that private lending can recover, the head...
Isarescu: Leu's Rise Vs Euro Difficult To Cap
Romanian central bank has trouble paring down the leu’s appreciation against the euro, as interest rates are already low and buying euros would create liquidity surplus in the market, govern...
Central Bank Bound To Lose Popularity Once Economy Recovers
Romania's central bank will resume acting as a brake on potential economic overheating once the economy recovers, deputy governor Bogdan Olteanu said Wednesday.
WB: Romanian Leu Set To Firm Vs Euro On Long-Term
Romania’s leu is bound to strengthen against the euro on the long run, once living standards improve, Kaspar Richter, senior economist at the World Bank (WB) told MEDIAFAX Tuesday.
KRUK International 2010 Debt Management Services In Romania Top RON2B
Romania’s KRUK International, the local unit of Polish top debt collector KRUK, has processed total receivable worth over 2 billion lei (EUR1=RON4.091) in 2010, general manager Isabela Iacob...
Private Pension Funds' Net Assets Up 12.6% To RON5.24B In 1Q
The net assets of Romania’s mandatory private pension funds (Pillar II) and voluntary pension funds (Pillar III) hit 5.24 billion lei (EUR1=RON4.0910) in the first three months of the year,...
BCR Sees Romanian Leu Stable Vs Euro In 2011
Romania’s leu exchange rate will remain stable against the European common currency throughout the year, according to estimates from lender Banca Comerciala Romana, or BCR.