28 nov 2011

Banca Comerciala Romana (BCR) will continue to support the Romanian economy, whose future depends also on the growth of its largest lender, said Adreas Treichl, chief executive of Austrian Erste Bank more

28 nov 2011

Romania’s leu lost early gains versus the euro in late trade Monday and closed slightly weaker on the day, amid low volumes. more

28 nov 2011

Romanian President had a “very understandable” reaction to Austrian central bank’s recommendation that lenders should limit further financing to their subsidiaries in eastern Europe, said more

28 nov 2011

Romania’s Finance Ministry on Monday sold 249.1 million lei (EUR57.12 million) in one-year treasury bills, lower than the planned amount, at an average yield of 6.65% a year. more

28 nov 2011

PricewaterhouseCoopers Management Consultants, KPMG Romania and investment bank Taylor-DeJongh have filed bids to advise on the sale of Romanian state-run chemical company Oltchim (OLT.RO), the more

28 nov 2011

Romanian central bank Monday pumped 1.65 billion lei (EUR380 million) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the monetary policy rate. more

28 nov 2011

Romania’s leu advanced versus the euro by midday Monday and the central bank’s reference strengthened modestly to 4.3587 units, from a 17-month low of 4.362 units in the previous session. more

28 nov 2011

Romania’s consolidated budget posted a deficit of 13.3 billion lei (EUR3.05 billion) in the first ten months, equal to 2.4% of the gross domestic product, Finance Ministry data showed Monday. more

25 nov 2011

Romanian Rompetrol Rafinare (RRC.RO), the refining unit of the country's second-largest oil group Rompetrol, Friday said it has resumed production at its Petromidia platform, after a one-month more

25 nov 2011

Romania’s leu weakened against the euro amid low volumes Friday, tracking the currencies in the region, and closed slightly lower on the day at 4.362/4.3615 units. more

25 nov 2011

Romania’s leu retreated against the euro by midday Friday and the central bank’s reference weakened 0.2% to 4.362 units, the lowest rate in 17 months. more

25 nov 2011

Romanian overdue private loans rose 3.13% on the month to 21.3 billion lei (EUR4.88 billion) in October, equal to 9.58% of the total lending, central bank data showed Friday. more

24 nov 2011

Romanian oil storage and shipment firm Oil Terminal (OIL.RO) Thursday dismissed Silviu Ioan Wagner from his position of chairman of the board, the company said in a statement. more

24 nov 2011

The shareholders of the Bucharest Stock Exchange will meet January 9 to discuss the dismissals of the acting board members, market participants told Mediafax Thursday. more

24 nov 2011

Romanian construction materials maker Prefab (PREH.RO) Thursday approved taking out loans worth up to EUR20 million to finance production and investments, the company said in a statement. more

24 nov 2011

Romania’s leu weakened slightly against the euro Thursday and closed at 4.356/4.357 units, amid a quiet market and low volumes. more

24 nov 2011

Foreign banks are not likely to lower their exposure to Romania, as large part of the existing financing is included in the share capital of their local subsidiaries and cannot be withdrawn, a central more

24 nov 2011

Romania’s leu gained modestly against the euro by midday Thursday, amid low volumes, and the central bank’s reference strengthened 0.12% to 4.3425 units, from 4.3577 units a day earlier. more

24 nov 2011

Austrian financial group Raiffeisen Thursday revised downward its forecast on Romanian economic growth to 0.5% in 2012, from 1.8% previously, due to international financial turmoil and a prolonged more

24 nov 2011

Romanian private lending fell 0.8% in real terms to 221.03 billion lei (EUR50.7 billion) in October from a month earlier, central bank data showed Thursday. more

23 nov 2011

Romanian Economy Ministry plans to sell stakes of 10% in power producers Nuclearelectrica and Hidrolectrica to increase the share capital of the two companies, according to a draft government more

23 nov 2011

The Board of Romanian brokerage house SSIF Broker Cluj (BRK.RO) reconsidered a decision to dismiss general manager Grigore Chis, less than one month after his suspension. more

23 nov 2011

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Wednesday sold a 2.63% stake in lender Banca Comerciala Romana (BCR) to Austrian Erste Group AG for 50.72 million lei (EUR11.6 million) more

23 nov 2011

Romania’s securities commission CNVM is not very keen on the idea that investment fund Fondul Proprietatea (FP.RO) might be listed on a foreign stock exchange, because it fears the move would more

23 nov 2011

Romanian state-owned energy producer Nuclearelectrica Wednesday said its power output rose 2.2% to 8.66 million megawatt hour in the first nine months, from roughly 8.5 million MWh in the year-earlier more