8 mai 2015

Some banks have cut the interest rates at deposits too much, due to the liquidity surplus, but lenders still have room to reduce the loan rates, according to Romania’s central bank governor Mugur more

8 mai 2015

Italian utility group Enel on Friday said it registered earnings before interest, tax, depreciation and amortization (EBITDA) of EUR64 million in Romania in the first quarter of 2015, down 1.5% from more

8 mai 2015

Romania’s central bank sees the inflation rate slowing down to zero by the end of 2015, but the consumer prices are expected to rise in the second half of next year, according to the latest more

8 mai 2015

Romania’s industrial sector received more orders in March compared with the previous month, after a 3.9% decrease in February, data released by the country’s statistics institute INS showed more

8 mai 2015

Romanian industrial sales rose 13.1% in March compared with the previous month, supported by growth in all sectors, data released by the statistics institute INS showed Friday. more

7 mai 2015

The Bucharest stock exchange closed almost unchanged Thursday, after staying for most of the session in the red. more

7 mai 2015

ING Bank Romania reported a net profit of 82 million lei (EUR18.6 million) for the first quarter, up 19% on the year, the lender said in a statement Thursday. more

7 mai 2015

The net profit of Austria’s Erste Group Bank (EBS.RO) more than doubled in the first quarter against the same period of 2014, following an extensive balance sheet clean-up process implemented last more

7 mai 2015

Romania’s largest lender BCR, a unit of Austria’s Erste Group Bank (EBS.RO), switched to profit in the first quarter of 2015 after a record loss last year caused by huge provisions for more

7 mai 2015

The average salary in Romania rose 5.7% in March to 1,829 lei (around 415 euros) from RON1,731 in the previous month, data from the statistics bureau showed Thursday. more

6 mai 2015

Romanian banks will have available for lending an additional 3 billion lei (EUR675 million) after the two-percentage point cut of the minimum reserve requirement ratio for leu deposits adopted by the more

6 mai 2015

Romania’s central bank sees the inflation rate hovering around zero for the next three to four quarters, following the government’s decision to cut the value added tax rate for all food products more

6 mai 2015

Sales of Hungarian pharmaceutical group Gedeon Richter in Romania declined 6% in the first quarter, to EUR35.9 million, as both its production and distribution divisions posted declines, the company more

6 mai 2015

Romania’s central bank on Wednesday surprisingly lowered its main monetary policy rate by 25 basis points to a new record low of 1.75%, the seventh rate cut in the current reduction cycle started in more

6 mai 2015

BRD-Groupe Societe Generale (BRD.RO), the second largest lender in Romania, almost tripled its first-quarter net profit following a sharp decline in the net cost of risk, the company’s financial more

5 mai 2015

Romania’s government is not worried about keeping the budget deficit within the agreed terms in the convergence program, as the results after the first quarter are very good, Finance Ministry state more

5 mai 2015

The European Commission expects Romania’s budget deficit to sharply deteriorate next year due to tax cuts envisioned in the new tax code draft, the EU’s executive arm said in its spring forecast more

5 mai 2015

Romania’s Finance Ministry prepares for June the first sale of government bonds to population since 2005, the treasury chief said Tuesday. more

5 mai 2015

Arrivals at Romanian tourism accommodation establishments rose 12.3% in March from the year-earlier month, while overnight staying increased 14.6% on the year, data from the statistics institute INS more

5 mai 2015

Romania’s industrial producer price index rose 0.4% in March, after a 0.2% increase in the previous month, the country’s statistics institute INS said Tuesday. more

5 mai 2015

The recovery of domestic consumption in Romania hit the speed bumps this spring, as retail sales extended their decline in March, official data showed Tuesday. more

4 mai 2015

Romanian foreign exchange reserves fell by 505 million euros to EUR30.09 billion in April, from EUR30.6 billion in the previous month, central bank data showed Monday. more

4 mai 2015

Uncertainties related to elections in the United Kingdom will drag down on the British economy in the second quarter, while the economic sentiment stabilized in Germany, Euler Hermes noted in this more

30 apr 2015

Shareholders of Romanian pharmaceutical producer Antibiotice Iasi (ATB.RO) Thursday approved the payment of dividends worth 15.74 million lei (EUR3.5 million), or half of last year’s profit, the more

30 apr 2015

Garanti Romania group had consolidated net revenues of EUR39.3 million in the first quarter, up 14.9% on the year, and a net profit of EUR6.9 million, down 35%, and assets of EUR2.1 billion, 7.1% more