20 ian 2012

Romania’s leu moved in tight ranges against the euro by midday Friday and the central bank’s reference weakened slightly to 4.3473 units, from 4.3452 units a day earlier. more

20 ian 2012

Recruiting firms Spencer Stuart and Egon Zehnder International have filed bids to search executives for Romanian state-run companies Hidroelectrica, Oltchim (OLT.RO), Electrica Furnizare and Romarm, more

19 ian 2012

Foreign direct investments in Romania will remain subdued in 2012, amid increasing risk aversion in international markets and political uncertainty on the local market, Italy’s UniCredit said in a more

19 ian 2012

External financing could prove costly for Romania in the first half of 2012 and the country may have to tap into a EUR5 billion loan made available through a precautionary program from the more

19 ian 2012

Romania’s leu advanced against the euro in a quiet market Thursday, tracking the currencies in the region, and closed almost 0.2% stronger on the day at 4.3435/4.346 to the euro. more

19 ian 2012

Romania’s Finance Ministry on Thursday sold 436 million lei (EUR100.3 million) in five years bonds, above the planned amount, at an average yield of 7% a year, lower than at the previous auction. more

19 ian 2012

Romanian economy grew at an annualized rate of 2.5% in 2011, mostly fueled by higher exports and a good farming harvest, President Traian Basescu estimated Thursday. more

19 ian 2012

Romania’s leu traded in ranges against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3452 units, from 4.3497 units a day earlier. more

19 ian 2012

Romanian chemical company Oltchim (OLT.RO) Thursday said it will establish a payment schedule for its debt to energy supplier Electrica, a day after the latter has terminated an agreement signed in more

18 ian 2012

Romanian state-run power distributor Electrica has called off an auction to purchase wind turbines for its planned wind farms in the eastern county of Galati, saying the offers received were more

18 ian 2012

Romanian Economy Ministry Ion Ariton Wednesday suspended Marcel Piteiu from his position as general manager of natural gas producer Romgaz, pending an investigation into allegations of undermining the more

18 ian 2012

Romanian government Wednesday approved the legal framework that will allow the central bank to create a bridge bank to manage and insulate financially troubled lenders. more

18 ian 2012

Romania’s leu weakened against the euro amid a quiet market Wednesday and closed 0.35% lower on the day, despite a positive sentiment in the region after the International Monetary Fund announced more

18 ian 2012

The World Bank has revised downward its forecast on Romanian economic growth to 1.5% in 2012 from 3.7% previously, citing deteriorating external outlook and the country’s increased vulnerability to more

18 ian 2012

Romania faces a difficult economic year in 2012, amid shrinking demand from foreign partners as the euro zone crisis shows no sign of abatement and potential bank deleveraging as European lenders more

18 ian 2012

The Romanian government Wednesday approved selling stakes of 10% in power producers Hidroelectrica and Nuclearelectrica, as per an agreement with the International Monetary Fund. more

18 ian 2012

Romania’s leu edged lower against the euro by midday Wednesday, unlike its peers in the region, and the central bank’s reference weakened 0.5% to 4.3497 units, from 4.327 units a day earlier. more

18 ian 2012

Romanian construction output rose 16.9% on the month in November, the largest increase in the European Union, official data showed Wednesday. more

17 ian 2012

Tomas Spurny, Chief Executive Officer of Hungary’s CIB Bank and former head of the PPF investment fund, will replace Dominic Bruynseels as president of Romanian lender BCR, a unit of Austria’s more

17 ian 2012

Romania will likely turn to the US debt market to attract external financing in 2012, because the European banks are under upside pressure to adjust their capital ratios to the latest requirements, more

17 ian 2012

Romania’s leu extended early losses against the euro in late trade Tuesday, unlike its peers in the region, and closed 0.3% weaker on the day at 4.3365/4.338 to the European common currency. more

17 ian 2012

Romanian consolidated budget posted a deficit of 4.35% of the gross domestic product in 2011, just shy of the government’s target of 4.4% of GDP agreed with the International Monetary Fund, more

17 ian 2012

Romania’s leu retreated modestly against the euro by midday Tuesday, but the central bank’s reference strengthened almost 0.2% to 4.327 units, from 4.3347 units a day earlier. more

16 ian 2012

Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) approved a 9.3 million lei (EUR2.14 million) capital increase to RON15.5 million to finance investments, the company said in more

16 ian 2012

Violent protests that left 59 Romanians injured over the weekend had no effect on the local financial markets so far, but an escalation may lead to the government’s collapse and implicitly to a more