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Romania to borrow EUR 60 mln from IBRD for legal services improvement

Finance March 24, 2017 14:15 0 comments

The Romanian state will borrow EUR 60 million from the International Bank for Reconstruction and Development (IBRD), as part of an improvement program implemented at the level of the Justice Ministry, the National Office of…more »

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ASF to support the acquisition of City Insurance by Swiss investor Max Roessler

Finance March 24, 2017 11:14 0 comments

Misu Negritoiu, the president of the Financial Supervision Authority (ASF), met with the Swiss investor Max Roessler to finalize the negotiations for the take over, City Insurance, the insurer that is in financial recovery. City…more »

Dimitrios Goranitis_Deloitte Romania

Deloitte Romania names new partner

Finance March 23, 2017 18:41 0 comments

Professional services firm Deloitte Romania has appointed Dimitrios Goranitis as Financial Services Industry Risk and Regulatory Advisory partner, thus expanding this practice in the country. He will lead Deloitte’s risk service offering in Central Europe,…more »

public budget debtors

Marian-Marius Florea appointed vice president of ANAF

Finance March 23, 2017 16:30 0 comments

Marian-Marius Florea was appointed as vice president of the administration agency ANAF,  as understate secretary, coordinator of the general department against tax fraud, following a decision of PM Sorin Grindeanu.  Florea’s attributions were related to…more »

bank deposits

Banking deposits in RON of Romanians up to RON 104.5 bln in February

Banking March 23, 2017 12:36 0 comments

The banking deposits in RON of Romanians went up in February by 1 percent to RON 104.5 billion. On February 28, the deposits in RON of the households increased by 12.7 percent compared with February…more »

Elisabeth Stadler

VIG’s total gross premiums gain 24.4 pct to EUR 533.4 mln, in Romania, in 2016

Insurance March 23, 2017 11:32 0 comments

Vienna Insurance Group (VIG) said that the total gross premiums recorded in Romania reached EUR 533.4 million in 2016, up by 24.4 percent compared to 2015. Also, the profit before taxes was EUR 3.5 million…more »

ASF

ASF: Romanian insurance market hits fresh record of RON 10 bln in 2016

Insurance March 22, 2017 11:18 0 comments

Romania's insurance market went up by 10 percent in 2016 to a record-level of RON 10 billion, out of which the mandatory insurances segment with auto civil responsibility (RCA) continued to have the highest share,…more »

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Banca Transilvania and OTP Bank Romania to finance VOX Technology Park in Timisoara

Finance March 21, 2017 15:24 0 comments

Banca Transilvania and OTP Bank Romania will provide finance for VOX Technology Park, the office project developed by Werk Property Group and that will open its doors in Timisoara at the end of 2017. The…more »

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BNR approves additional roles for Florin Sandor and Paolo Trifiletti at Intesa Sanpolo Bank

Banking March 21, 2017 15:16 0 comments

The deputy general directors of Intesa Sanpolo Bank, Florin Sandor and Paolo Trifiletti have received the approval of National Bank of Romania (BNR) to get additional roles as a result of the bank’s strategy to…more »

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Cretu: European Commission wants more details on Romania’s hike of pensions and salaries

Finance March 21, 2017 12:45 0 comments

The European Commission, the executive arm of the European Union, is waiting for documents from the Romanian government on the sustainability of the planned hikes of salaries and pensions and for proofs that such measures…more »