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Insurers Romania
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Romanian insurers paid compensation of €20 mln for home restorations in 2013-2023

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…

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National Bank of Romania

Romania’s c-bank keeps policy rate unchanged in October 2024

The 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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