Business Review

The insurer Signal Iduna ranks second by the level of collection from health care insurance premiums. In the first half of 2011, the company has registered a 44 percent increase in the healthcare insurance business, compared to the similar period of 2010, reaching RON 4.9 million or EUR 1.2 million.

Ovidiu Posirca

The National Statistics Institute has released today figures for the second trimester regarding income and expenses of Romanian households. According to the official data, the total median household income was RON 2408 or EUR 558, while the individual income was RON 835, or EUR 193.

Ovidiu Posirca

The National Bank of Romania decided on Thursday to keep the monetary policy rate unchanged at 6.25 percent. This decision will support the current disinflation trend and will allow a tightening of real broad monetary conditions.

Ovidiu Posirca

The Bucharest Stock Exchange (BVB) announced that the Derivatives Market has recorded a historic level of traded futures contracts on September 28. A number of 7.899 contracts worth RON 13 million were traded, beating the previous record of 2.847 contracts.

Ovidiu Posirca

The European Commission has approved today the proposal for a financial transaction tax in the EU27. The tax would be levied on all transaction on financial instruments between financial institutions when at least one party to the transaction is located in the EU.

Ovidiu Posirca

The Romanian Ministry of Economy, which holds an 80 percent stake in Hidroelectrica, voted against the listing of the company on the Bucharest Stock Exchange (BVB).

Ovidiu Posirca

Many local lenders are seeking to be more active on the refinancing segment as their customers opt to refinance existing loans rather than take out new ones. The revival started last year, and many promotional campaigns have followed this year. This strategy is helping banks survive the tough times brought about by the economic crisis.

Anda Sebesi

Porsche Finance Group has offered financing services totaling EUR 73 million in the first half of 2011, which is a 15 percent increase compared to the similar period of 2010.

Ovidiu Posirca

Standard&Poor's cut Italy's long and short term sovereign credit rating today, from A+ to A, respectively from A-1+ to A-1. The agency cited Italy's weakening economic growth prospects and the slow reaction of the current political coalition on the challenging domestic and external macroeconomic environment. 

Ovidiu Posirca

The EU annual inflation in August 2011 was 2.9 percent, unchanged compared with July. A year earlier the rate was 2 percent. Monthly inflation was 0.2 percent in August 2011, according to data from Eurostat, the statistical office of the European Union.

Ovidiu Posirca