Banks-Insurance
Insurance Market In 2020: Guarantee Insurance Tripled In Last Decade, To Over RON460M
Guarantee insurance, a segment included in the category of general insurance, registered underwritten gross premiums of RON464.5 million at the end of 2020, up 68% from 2019, with the value...
iFactor Gets Funding from ROCA X, Targets Four New Markets in Two Years
iFactor, an online platform helping SMEs sell their individual outstanding invoices for immediate cash, will receive a round of financing from investment vehicle ROCA X and becomes the first...
Romania Raises RON430M Selling Oct 2034 Bonds at 3.75% Average Yield
Romania's finance ministry on Thursday raised 430 million lei (EUR88.2 million) selling bonds maturing in October 2034 at an average yield of 3.75%, central bank data showed.
Damen Shipyards Mangalia Gets RON60M CEC Bank Loan to Fund Current Operations
Romanian state-owned lender CEC Bank has granted a RON60 million loan to Damen Shipyards Mangalia, one of the largest shipbuilders in Europe, operated by Dutch Damen Shipyards Group, to fund...
Health Insurance Market Almost Triples in Five Years
Health insurance market in Romania ended 2020 with RON451.5 million gross written premiums, Financial Supervisory Authority preliminary data show; premiums have almost tripled in the past fi...
Erste, ING Raise 2021 Growth Projections for Romania after Surprisingly Positive 4Q/2020 Data
Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growt...
One United Properties Gets EUR50M From Black Sea Trade Bank To Finalize One Tower Office Building
One United Properties, a real estate developer held by Victor Capitanu and Andrei Diaconescu, has obtained financing of EUR50 million from the Black Sea Trade and Development Bank (BSTDB), w...
Auto Liability Insurance Market Doubled in A Decade, Comprehensive Insurance Up 26%
Mandatory auto liability insurance (RCA) has recorded a significant increase in the past decade, as gross written premiums doubled, while comprehensive insurance (Casco) lagged behind with s...
Romania Raises RON1.2B Selling June 2026 Bonds at 2.3% Average Yield
Romania's finance ministry on Monday raised 1.2 billion lei (EUR246 million), double compared with its target, selling June 2026 bonds at an average yield of 2.3%, central bank data showed.