6 dec 2011

Romania’s leu traded in tight ranges against the euro in an uneventful session Tuesday and closed flat on the day at 4.3505/4.3535 units, amid very low volumes. more

6 dec 2011

Romanian Economy Ministry Tuesday approved the merger of mining company Societatea Nationala a Lignitului Oltenia (SNLO) and energy producers Turceni, Craiova and Rovinari into a single power company, more

6 dec 2011

Romania’s leu traded in ranges against the euro by midday Tuesday and the central bank’s reference weakened modestly to 4.3534 units, from 4.353 units a day earlier. more

6 dec 2011

Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) Tuesday proposed increasing its capital by 9.3 million lei (EUR2.13 million) to approximately RON15.5 million to finance more

6 dec 2011

Bucharest shares opened lower Tuesday, tracking international stocks, which traded down following Standard & Poor’s warning that it could cut its ratings on 15 out of 17 euro-zone nations because of more

6 dec 2011

Romania’s leu moved slightly lower against the euro Tuesday morning, tracking the currencies in the region, after Standard & Poor's put the ratings of 15 euro-zone states on negative watch and more

6 dec 2011

Romania’s third quarter gross domestic product grew by 1.8% in seasonally adjusted terms compared with the previous three months, slightly less than previously estimated, revised data from the more

5 dec 2011

Romania’s leu strengthened modestly against the euro amid thin trading Monday, lagging behind its neighbors which won up to 1.5% on the day on increasing optimism regarding new measures to contain more

5 dec 2011

ProCredit Bank Romania Monday reported a net profit of EUR3.5 million in the first nine months, versus a loss of EUR4.1 million in the year-earlier period. more

5 dec 2011

Romania will sell minority stakes in key state-run companies such as Transelectrica (TEL.RO) and Transgaz (TGN.RO) only if it can get the “best price”, Economy Minister Ion Ariton said Monday. more

5 dec 2011

Romania’s Finance Ministry on Monday sold 1.065 billion lei (EUR244 million) in seven-month treasury bills, slightly above the planned amount, at an average yield of 6.6% a year. more

5 dec 2011

Romania’s leu traded in narrow ranges against the euro by midday Monday and the central bank’s reference gained modestly to 4.353 units, from 4.3535 units in the previous session. more

5 dec 2011

The Romanian central bank Monday pumped 2.38 billion lei (EUR546 million) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the monetary policy more

5 dec 2011

Romania’s annual inflation rate could ease below the central bank’s latest forecast of 3.3% in December, owing to a steady exchange rate of the leu, central bank governor Mugur Isarescu said more

5 dec 2011

The headhunting companies hired to recruit managers for Romania’s state-run companies Hidroelectrica, Oltchim, Electrica Furnizare and Romarm will receive a commission of EUR250,000 for each more

5 dec 2011

US private equity fund First Reserve and Spain’s Renovalia Energy have established a joint venture to own and operate wind projects in North America and Europe, including Romania. more

5 dec 2011

Romania’s leu opened higher against the euro Monday, mirroring neighboring markets amid yet renewed hope that the European leaders can find common ground in their fight to contain the sovereign debt more

5 dec 2011

Tourist arrivals in Romania rose 15.3% in October from the year-earlier month, while overnight accommodations were up 9.5% on the year, the statistics institute INS said Monday. more

5 dec 2011

Romanian adjusted retail sales rose 2% in October compared with a month earlier, largely fueled by a 12.3% increase in delivery orders and online sales, the statistics institute INS said Monday. more

2 dec 2011

Romania’s leu weakened slightly against the euro in late trade Friday, amid low volumes, and closed at 4.359/4.36 to the euro. more

2 dec 2011

Fitch Ratings Friday assigned Romania-based Garanti Bank SA a long-term issuer default rating of 'BB+', with stable outlook, and a viability rating of 'b'. more

2 dec 2011

Romanian foreign exchange reserves fell to EUR31.74 billion in November from EUR32.2 billion a month earlier, central bank data showed Friday. more

2 dec 2011

Romania’s leu traded near 4.35 per euro by midday Friday, amid a quiet market, and the central bank’s reference gained modestly to 4.3535 units, from 4.3539 units in the previous session. more

2 dec 2011

Romanian industrial producer prices rose 7.6% in October from the year-earlier month, the fifth largest increase in the European Union, official data showed Friday. more

2 dec 2011

Romanian natural gas producer Romgaz Medias has awarded over 1,300 public procurement contracts worth 576.5 million lei (EUR132.4 million) in the first eleven months of 2011, largely for drilling more