9 dec 2011

Romania’s leu advanced against the euro by midday Friday and the central bank’s reference strengthened to 4.3397 units, a fresh record high in the past five weeks. more

9 dec 2011

The International Monetary Fund has asked Romania’s Government to transfer thermal power producer Electrocentrale Bucuresti (ELCEN) to the Economy Ministry and begin privatization procedures in an more

8 dec 2011

The International Monetary Fund has agreed to a four-month extension until April 2012 of the privatization deadline of Romanian state-run chemical plant Oltchim (OLT.RO), the government said in its more

8 dec 2011

Romania and the International Monetary Fund have agreed to delay by six months until the end of 2012 the privatization of the country’s planned energy companies Oltenia and Hunedoara, according to more

8 dec 2011

Romanian government has decided power company Electrica SA is to transfer its supply business to its unit Electrica Furnizare and to privatize the latter by end-October 2012, according to the more

8 dec 2011

Romanian government has pledged to find a strategic investor to buy at least 20% in postal company Posta Romana during a capital increase operation in 2012 and to start collective layoffs under a more

8 dec 2011

Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, has signed a series of well services deals worth over $800,000 in Hungary and Bulgaria, the company said in more

8 dec 2011

Romania’s leu strengthened modestly against the euro Thursday, tracking the currencies in the region, as investors are cautiously optimistic after the European Central Bank announced new measures to more

8 dec 2011

A prolonged drought in Romania for the last six months has lowered the output of state-run hydropower generator Hidroelectrica to 6.6% of the country’s total production, from around 30% of total more

8 dec 2011

Romania’s Finance Ministry on Thursday sold 743.4 million lei (EUR171.1 million) in two-year bonds, slightly above the planned amount, at an average yield of 7.15% a year, lower than at the previous more

8 dec 2011

Romanian Finance Ministry has a liquidity buffer of over EUR3 billion which can be accessed if the country’s borrowing costs climb too much, people familiar with the matter said Thursday. more

8 dec 2011

Romania’s leu traded near 4.34 per euro by midday Thursday and the central bank’s reference strengthened 0.17% to 4.3429 units, the highest rate in five weeks. more

7 dec 2011

Romania’s leu advanced versus the euro in late trade Wednesday and closed 0.15% stronger on the day, amid raising volumes. more

7 dec 2011

Romanian energy regulator ANRE Wednesday said natural gas tariffs for industrial consumers will grow by 5% as of January 1, due to costlier imports. more

7 dec 2011

Romania’s planned initial public offering of a 10% stake in state-run hydropower generator Hidroelectrica will be concluded by end-October 2012, according to the country’s latest letter of intent more

7 dec 2011

Romanian government will give notice of cancellation by year-end to all companies that signed bilateral deals with state-run energy producer Hidroelectrica outside the energy market OPCOM, according more

7 dec 2011

Romania's government has taken out freight railway operator CFR Marfa from a list of state-owned companies to be run by private managers, while adding two new enterprises, according to the country’s more

7 dec 2011

Romania’s leu traded near 4.35 per euro by midday Wednesday and the central bank’s reference strengthened modestly to 4.3505 units, from 4.3534 units a day earlier. more

7 dec 2011

Bucharest shares opened slightly higher Wednesday, in line with the international markets as investors are optimistic the European leaders will present new measures to jump-start economic recovery at more

7 dec 2011

Romania’s leu opened slightly lower against the euro Wednesday and traded in narrow ranges in the first part of the session, amid a quiet market. more

7 dec 2011

Romanian average net salary inched down 0.5% to 1,457 lei (roughly EUR334.7) in October, from RON1,464 a month earlier, the statistics institute INS said Wednesday. more

7 dec 2011

Romanian industrial new orders dropped 17.8% on the month in October, hit by falling demand across the board, the statistics institute INS said Wednesday. more

7 dec 2011

Romanian industrial sales fell 5.5% on the month in October, on declining demand in the manufacturing sector, the country’s statistics institute INS said Wednesday. more

7 dec 2011

Romanian power output rose 1.9% on the year to 19.47 million tons of oil equivalent in the first ten months, fueled by higher production in most sectors, official data showed Wednesday. more

7 dec 2011

Romanian construction works fell 1.5% on the month in October, after a 1.3% increase in September, the statistics institute INS said Wednesday. more