Banks-Insurance
Romania Extends 9-Month Loan Repayment Moratorium
Romania's finance ministry has drafted an emergency decree extending a nine-month moratorium on bank loan repayments for debtors affected by the pandemic, after the previous moratorium expir...
Valentin Tataru Appointed Chief-Economist at ING Bank Romania
Valentin Tataru has been appointed chief-economist of ING Bank Romania, the bank announced Wednesday.
Gothaer Adds Household Goods Insurance to Its Travel Insurance
Gothaer Adds Household Goods Insurance to Its Travel InsuranceGothaer Asigurari Reasigurari, the local subsidiary of the German insurance group Gothaer, announced it was adding a household g...
Romanian Forex Market Ends 2020 with Average Daily Transactions of EUR1.47B
The foreign exchange market in Romania was animated in 2020 and registered an average daily transaction volume of EUR1.47 billion, 10.2% lower than in 2019, central bank data showed.
BT Analyst: Household Saving Rate At Record High In 2020, Averaging 16.9% In Jan-Sept Under Pandemic Impact
The household saving rate reached on average 16.9% (a record high) between January and September 2020, higher by 2.3 percentage points compared with the average recorded in 2019, stated Andr...
Pillar II Pension Funds Reach RON75B in Net Assets in 2020
The assets managed by the seven private pension funds operating on Romania's mandatory segment (Pillar II) reached RON75.14 billion at the end of 2020, with RON13 billion amassed in 2020 alo...
Romania Raises RON681M Selling Jan 2028 Bonds at 2.74% Average Yield
Romania's finance ministry on Monday raised 681 million lei (EUR139.8 million), versus its RON600 million target, selling bonds maturing in January 2028 at an average yield of 2.74%, central...
Three-Month Money Market Rate Keeps Going Down, Ends First Week Of 2021 At 1.79%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, has decreased for the fourth c...
NN Group Raises Holding in OMV Petrom to 5.03%
NN Group and the pension funds it manages have raised their holding in oil and gas company OMV Petrom (SNP.RO) to 5.03%, Petrom said in a stock market report Thursday.