20 dec 2011

Romania’s leu lost modestly against the euro in late trade Tuesday and closed at 4.316/4.317 units, from 4.312/4.3145 units a day earlier. more

20 dec 2011

The World Bank could provide new aid to Romania in 2012 under a precautionary loan agreement to be accessed in case of emergency, similar to a financial program signed with the International Monetary more

20 dec 2011

Romania's central bank should not lower its minimum reserve requirements imposed on commercial lenders in the following period to make sure it has sufficient buffer against potential difficulties in more

20 dec 2011

Romanian banks are likely to reduce interest rates on both deposits and loans in local currency in 2012, the head of the country’s banks association ARB said Tuesday. more

20 dec 2011

The Romanian government will select by next spring a partner for its planned 1,000-megawatt hydropower plant in Tarnita-Lapusteti, an investment valued at over EUR1 billion, Prime Minister Emil Boc more

20 dec 2011

Romania’s leu lost its earlier gains versus the euro by midday Tuesday, but the central bank’s reference strengthened slightly to 4.3125 units, a new record high in the past two months. more

20 dec 2011

Bucharest shares opened lower Tuesday, tracking international stocks amid renewed concern about the euro zone crisis after the European Central Bank indicated it wouldn’t take a more aggressive more

20 dec 2011

Romania’s leu opened up versus the euro Tuesday, with dealers suspecting lenders have started to sell euros from loan loss provisions as the banking system prepares to transition to the more

20 dec 2011

Romania has made “good progress” under a EUR3.6 billion loan agreement signed with the International Monetary Fund and is on track to meet its 2011 fiscal targets, but the escalation of the euro more

19 dec 2011

Romanian exports are likely to increase 20% on the year to EUR45 billion in 2011, largely supported by higher exports of cars, telecom equipment and oil products, the national association of exporters more

19 dec 2011

The leu advanced against the euro Monday and closed over 0.5% stronger on the day at 4.312/4.3145 units, supported by rising remittances from Romanians who work abroad. more

19 dec 2011

Romanian new passenger car sales fell 10.5% on the year to 89,032 units in January to November, from 99,572 units in the year-earlier period, the Automotive Manufacturers and Importers Association, or more

19 dec 2011

Romania’s Finance Ministry on Monday sold 1.71 billion lei (EUR397 million) in one-year treasury bills, above the planned amount, at an average yield of 6.55% a year, lower than at the previous more

19 dec 2011

Romania's central bank (BNR) Monday pumped 3.25 billion lei (EUR0.75 billion) into the market in an eight-day repurchase agreement operation at an interest rate of 6% a year, equal to the monetary more

19 dec 2011

Romania’s leu extended early gains versus the euro by midday Monday and the central bank’s reference strengthened 0.6% to 4.3146 units, the strongest rate in two months. more

19 dec 2011

Moody's Investors Service placed under review for downgrade the ratings of Romanian bank BRD-Groupe Societe Generale (BRD.RO), following the recent downgrade of French parent bank's ratings. more

16 dec 2011

Romania's IT&C Ministry will launch a public tender December 22 to hire a professional assessment company for the evaluation of the state-run postal company Posta Romana in view of privatization, the more

16 dec 2011

The European Bank for Reconstruction and Development will invest EUR6.8 million in the Green Group recycling park in Romania, the first such park in the country, the bank said in a statement Friday. more

16 dec 2011

Romania’s leu advanced against the euro in late trade Friday and closed slightly stronger on the day amid raising volumes. more

16 dec 2011

The Bucharest Court of Appeals decided that state-run hydropower generator Hidroelectrica can maintain its force majeure declaration on the energy delivered to Energy Holding, Hidroelectrica said in a more

16 dec 2011

The Romanian Transport Ministry has signed an agreement with brokerage houses Carpatica Invest and Swiss Capital for the sale of a 20% stake in state-run airline Tarom, the ministry said in a more

16 dec 2011

Romania’s leu traded near 4.34 per euro by midday Friday and the central bank’s reference gained modestly to 4.3409 units, from 4.3422 units a day earlier. more

16 dec 2011

Romanian bank Banca Comerciala Romana (BCR) has nominated its chief economist and strategy manager, Lucian Anghel, for the position of Board Chairman of the Bucharest Stock Exchange. more

16 dec 2011

Total hourly labor costs in the Romanian economy rose 7.9% on the year in July through September, the second-biggest increase in the European Union, official data showed Friday. more

15 dec 2011

Russian steel giant Mechel Thursday said it has completed a EUR3.2 million investment in a new production line at its Ductil Steel Otelu Rosu plant, in western Romania. more