Insurance companies in Romania have paid 93.3 million lei (almost 20 million euros) in compensation over the past 10 years for the restoration of homes after natural disasters, according to the National Union of Insurance and Reinsurance Companies of Romania (UNSAR). “In the period 2013-2023, the financial support offered by UNSAR Member insurance companies for…
Read MoreThe National Bank of Romania (BNR) kept its benchmark interest rate unchanged at 6.5 percent on Friday (Oct. 4), following two consecutive rate cuts. Moreover, it decided to leave unchanged the lending (Lombard) facility rate at 7.50 percent per annum and the deposit facility rate at 5.50 percent per annum. The annual inflation rate went…
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