29 iun 2016

more

20 iun 2016

Romania ranks 8th among the most important countries that supply products to Swedish furniture and décor retailer IKEA. More than 150 products made in Romania reach IKEA’s shelves worldwide. more

17 iun 2016

In eight years, foreign banks have withdrawn EUR13 billion of the lines of credit extended to their local subsidiaries, which reached EUR9 billion at the end of March or less than half of the level at more

13 iun 2016

Consumer loans have gone up 15% to 34 billion lei (EUR7.53 billion) at the end of April, compared with the year-ago period, Romania’s central bank data show. more

5 mai 2016

The largest insurers in Romania posted higher annual profits in 2015, which means the overall loss of the market might drop this year, though a return to profit in 2016 is unlikely. more

9 mar 2016

more

4 mar 2016

more

11 feb 2016

Leu-denominated consumer loans granted by banks reached 33 billion lei (EUR7.3 billion) at the end of last year, an increase of almost 11% on 2014, according to Romania’s central bank data. This is more

11 ian 2016

The number of large companies switching from clinic memberships to private medical insurance for their employees increased last year and the upward trend might continue in 2016, as well, following the more

8 ian 2016

Almost one third of the 450 insurance brokers operating in Romania will have to close up shop this year due the stricter capital requirements of the Financial Supervisory Authority, according to more

28 dec 2015

2015 was the most challenging year of the insurance industry, marked by Astra’s bankruptcy, stress tests and legislative changes. more

23 dec 2015

Four large debt collectors, APS (Czech Republic), KRUK (Poland), Kredyt Inkaso (Poland) and EOS (Germany) reached an almost EUR6 billion non-performing loan portfolio at the end this year, which they more

18 dec 2015

The Ciolos Cabinet on Thursday was put through one of the most difficult tests since it took office, the transporters’ protests against the rise in auto liability insurance (RCA) prices for trucks. more

9 dec 2015

Grawe, a medium-sized insurer in Romania, intends to enter the comprehensive auto insurance market next year and will apply for a license to do it by the end of December, chief executive officer Paul more

7 dec 2015

Ergo, one of the leading insurers in Germany, is in advanced talks to buy the local insurance unit of Turkey’s Credit Europe, insurance industry sources told ZF. more

10 nov 2015

The local insurance market is going through a cleanup and transformation process but what will come next will be a more painful time, because the insurers that will remain will have to swallow the more

5 nov 2015

Banks, insurers and all the other companies on the local financial market got more than 3 billion lei (EUR681 million) capital injections in the first nine months of the year, with most of the money more

6 oct 2015

Gross premiums from voluntary car insurance CASCO and voluntary home insurances set below 2008’s level, while mandatory car insurance RCA are gradually growing on yearly basis, with insurers more

29 sep 2015

Almost ten years from the boom of the easy loans where applicants were only required a valid ID to be able to borrow money, banks are trying again to lure customers with fast consumer loans that do more

25 sep 2015

The housing savings and loan system introduced in Romania ten years ago is under investigation by the Court of Accounts on suspicion that the government subsidies part of the process were not used as more

23 sep 2015

Greek Eurobank group, whose Romanian assets include lender Bancpost, has put up for sale its leasing division, ERB Leasing, and has just started talks with potential buyers, several industry sources more

18 sep 2015

A number of local companies are interested in taking over parts of Astra Asigurari’s portfolio, following the recent decision of the Financial Supervisory authority (ASF) about Astra’s bankruptcy. more

17 sep 2015

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, posted net losses of EUR3.1 million (nearly 14 million lei) in the first semester, half from more

14 sep 2015

Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, will find a solution by yearend at the problems identified by Romania's Financial Supervisory Authority more

10 sep 2015

Insurance company Omniasig, owned by Austria's Vienna Insurance Group (VIG), underwrote premiums of 458 million lei (EUR102 million) in January to June, up 19% compared with the same period a year more