06.17.2014

Life insurers’ clients canceled policies worth 92 million lei (EUR21 million) in January-March 2014, down 21% from the same period in 2013, according to data provided by the Financial Supervisory more

06.16.2014

Financial loss insurance and auto liability insurance were among the insurance classes to see the highest growth in the volume of gross written premiums in January-March compared with the year-ago more

04.25.2014

The number of small and medium-sized businesses in Romania is three times lower than the EU average and EUR3 billion has been allotted to support SMEs in 2014-2020, Romania's EU Fund Minister Eugen more

01.08.2014

The Romanian central bank still has room to ease the monetary policy, as the minimum reserve requirements and the key rate are rather high compared with the other countries in the region, governor more

01.08.2014

The Romanian leu should fall after the lowering of the key rate and the reserve requirements, central bank governor Mugur Isarescu said Wednesday, adding that such a scenario is not certain. more

01.08.2014

Romania’s central bank Wednesday cut the key monetary policy rate by 25 basis points to a record low of 3.75%, in a move aimed at restarting a sluggish lending activity. more

09.16.2013

Romania’s central bank pledged it would not further reduce the monetary policy rate if inflation stays above the targeted level, according to the final version of the country’s letter of intent more

05.16.2013

Romania’s central bank’s Supervisory Department will change the way it deals with banks this year. Any slippage in risk control, including operational risks, will be much more harshly penalized, more

05.02.2013

Romania’s central bank plans to begin a monetary policy easing cycle, as soon as the next board meeting scheduled for July 1, hoping the economic developments will not stop the process, governor more

05.02.2013

Romania's central bank kept its key rate unchanged at 5.25% for the ninth consecutive meeting Thursday, as widely expected, as the country's inflation rate remains above-target, but it took measures more

04.04.2013

Early redemptions of life insurance policies reached record highs in 2012, as need for cash stayed high. more

03.27.2013

Romania’s fiscal policy might still be procyclical and it doesn’t really help the economy, central bank governor said Wednesday, mentioning that a more relaxed monetary policy would not help much more

01.07.2013

Romania will no longer use austerity fiscal policies this year but needs financial discipline, especially regarding public spending, central bank governor Mugur Isarescu said Monday. more

01.04.2013

After four years during which the Romanian economy has remained under the threat of recession, it would be high time for the central bank to move away from its “wait and see” approach, says more

12.05.2012

Only three million Romanians or about 15% of the total population had a life or health insurance policy at the end of last year. In comparison, one quarter of the people in Hungary, and almost half of more

11.07.2012

Romanian central bank governor Mugur Isarescu said Wednesday that the weak domestic demand is prompting the bank to keep a prudent stance regarding a possible tighter monetary policy, despite more

11.02.2012

Romania's central bank expects the annual inflation rate will stay outside the target range until the second half of 2013, governor Mugur Isarescu told a news conference Friday. more

11.02.2012

Romania’s central bank kept its key rate unchanged at 5.25% for the fifth consecutive time Friday, in line with expectations, after inflation accelerated to its fastest pace in more than two years. more

10.25.2012

Romanian homeowners may insure their homes against earthquakes, landslides and floods either through voluntary or through mandatory home insurance policies, according to new insurance market more

10.15.2012

Romanian insurers are not interested in selling mandatory home insurance policies issued by the Pool of Insurance against Natural Disasters (PAID), discouraged by the low commission they receive, more

09.27.2012

Romania's central bank on Thursday kept its main monetary policy rate unchanged at 5.25% a year, in line with expectations, amid higher inflationary risks due to increasing oil and food prices. more

08.10.2012

The Finance Ministry is preparing to increase public sector wages through derogation to the law of fiscal responsibility, while cutting infrastructure spending in this year’s first budget more

06.25.2012

Romania needs to consider local problems and its economy's low competitiveness when it applies for funds in the 2014-2020 EU financial period, said Arabela Aprahamian, World Bank country manager. more

05.30.2012

Almost four years since the crash of the Lehman Brothers bank, the officially recognized milestone that marks the start of the most serious financial and economic crisis of the last eighty years, a more

05.09.2012

Certasig has insured the opening ceremony of the Europa League final for EUR6.2 million, the most expensive policy sealed by a Romanian insurer for a local event. more