Banks-Insurance
EIB Plans Loans Worth Up To EUR1B For Romania In 2011
The European Investment Bank on Friday said it has granted loans worth a total EUR410 million in Romania last year, down from EUR1.5 billion allocated in 2009.
VIG Pretax Pft In Romania Rises 18% In 2010, At EUR28.5M
Vienna Insurance Group, or VIG, Thursday reported a 17.9% increase in its profit before taxes in Romania in 2010, to EUR28.5 million, despite a 13% fall in its premium revenue to EUR528.1 mi...
No Bidders For Bankrupt Bucharest Property City Mall
The first auction to sell the bankrupt City Mall in Bucharest failed to draw bids, prompting liquidator Casa de Insolventa Transilvania to set up another auction on April 20.
EFSE Extends EUR7M To Romanian Patria Credit For Rural SMEs Financing
Romanian non-bank financial institution Patria Credit took a EUR7 million loan from the European Fund for Southeast Europe (EFSE), to finance small- and medium-sized enterprises in rural are...
Romanian Antibiotice Plans EUR6.5M Loan From RBS
The managing board of Romanian medicine maker Antibiotice Iasi (ATB.RO) on Monday asked shareholders to approve a EUR6.5 million loan from lender RBS Romania.
IMF OKs Final Review Of Stand-by Accord, New Deal Terms
The Executive Board of the International Monetary Fund on Friday approved the final review of a EUR13 billion stand-by arrangement with Romania, and the terms of a new, precautionary deal th...
Romanian Insurer Ardaf Expects Switch To RON3.2M Loss In ‘11
Romanian insurer Ardaf Bucuresti (ARDF.RO) expects gross premiums underwritten to drop 20.9% on the year in 2010, to 171.6 million lei (EUR1=RON4.126), and a net loss of RON3.16 million, acc...
Romanian Bank Payment Refusals Hit 28-Mo Low In February
Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 533 million lei (EUR1=RON4.1685) in February, the lowest level since October 2008, central bank da...
Romania 2010 FDI Down 25% On Year To EUR2.6B
Romanian foreign direct investment, or FDI, fell 25.6% to EUR2.6 billion in 2010, from EUR3.5 billion in the previous year, the central bank said Friday.