Romania imported a quantity of usable natural gas of 1.361 million tons of oil equivalent (toe) in January-September 2024, down 10.9% on an annual basis, data by the National Institute of Statistics (INS) showed. The domestic production of natural gas totaled, in the period under review, 5.635 million toe, up 0.8% y-o-y. The domestic production of natural gas will increase, between 2024
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Sofia-headquartered tbi bank joined forces with DAW Management, one of Romania’s largest insurance brokers. As a result, Romanian clients can purchase insurance, including mandatory RCA policies, through the Buy Now, Pay Later (BNPL) solution, and pay in four interest-free installments or 6-12 installments with interest. Amid an environment where everything has become more expensive insurance policies prices make no exception. This is
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InterCapital Asset Management, Croatia’s largest independent investment manager, aims to launch a new ETF at the Bucharest Stock Exchange (BVB), offering investors access to Romanian EUR-denominated government bonds. ETFs or “exchange-traded funds” are similar to mutual funds in that they invest in a basket of securities, such as stocks, bonds, or other asset classes. The InterCapital EUR Romania Govt Bond 5-10yr UCITS
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The Japanese government is set to issue bonds worth 6,690 billion yen ($44 billion) in fiscal 2024,to finance nearly half of a supplementary budget with general-account expenditure of 13,943.3 billion yen, local media reported on Thursday (Nov. 28). The budget is being compiled to pay for an economic stimulus package aimed at cushioning the blow to low-income households from rising prices. The
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The global InsurTech market size is estimated to grow by USD 77.41 billion from 2024-2028, according to Technavio, a leading technology research and advisory company. The InsurTech market refers to the use of technology to create, distribute, and administer insurance products. This includes social insurance, life & health, auto, marine, liability, buildings, and commercial buildings insurance. The market is estimated to grow
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Romanian state-owned CEC Bank raised 300 million euro through a bond issue that was more than twice oversubscribed, the 160-year old lender announced on Friday (Nov. 22, 2024). The senior non-preferred, euro-denominated bonds were issued under the bank’s euro medium-term note (MTN) programme and were approved by Luxembourg’s financial market regulator (CSSF) following the update of the base prospectus on Nov. 18, 2024.
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Gold rallied on Friday (Nov. 22) on safe-haven demand and was on track for its biggest weekly gain in over a year, propelled by the intensifying Russia-Ukraine crisis. Earlier this week, Ukraine launched its second Western-supplied missile into Russia, while Kyiv’s air force reported that Russia fired its first intercontinental ballistic missile at Ukraine on Thursday (Nov. 21) in retaliation. Spot gold
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India’s forex reserves decreased by $6.78 billion to $675.65 billion for the week ended November 8, according to data released by the Reserve Bank of India (RBI) on Friday (Nov. 15). Foreign exchange reserves are assets held by a nation’s central bank or monetary authority, typically denominated in reserve currencies such as the US Dollar, Euro, Japanese Yen, and Pound Sterling. After
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The Romanian Commodities Exchange (BRM), the oldest private operator of commodity trading platforms in Romania, officially started its activity in the Republic of Moldova, contributing to building a competitive, transparent and non-discriminatory energy market, Moldpres reported on Oct. 25, 2024. BRM had already launched in May 2024 BRM East Energy, now renamed BRM East, a subsidiary, in the neighbour country. Earlier this
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Romania-based Fondul Proprietatea in first nine months of 2024 made RON209.6 million net profit, compared with a loss of RON968.9 million in January-Sepetember 2023. Fondul was established in 2005 and seeded with stakes in state groups as a way of trying to compensate the persons abusively expropriated. Starting 2010, US investment firm Franklin Templeton has been the Sole Director of the Fund.
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