23 nov 2011

Romania’s leu edged higher against the euro in late trade Wednesday, amid average volumes, with dealers suspecting yet another intervention in the market from the central bank to support the more

23 nov 2011

Romanian central bank doesn’t see the year 2015 as a fixed deadline for the euro adoption, because the date might change, depending on the country’s ability to fulfill the required criteria and on more

23 nov 2011

Romania’s leu recovered early losses against the euro by midday Wednesday and the central bank’s reference strengthened slightly to 4.3577 units, from 4.3588 units a day earlier. more

23 nov 2011

Romanian industrial new orders rose 14.5% in September from the year-earlier month, the fifth largest growth in the European Union, official data showed Wednesday. more

22 nov 2011

The recent structural adjustments and fiscal consolidation measures implemented in Romania may help the country cope better with a potential new stage of the recession in Europe, said Nicolae Idu, more

22 nov 2011

Do-it-yourself retailer Dedeman will open Friday its 26th store in Romania, following an investment of EUR10 million, the company said in a statement Tuesday. more

22 nov 2011

Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) Tuesday said its net profit fell 18.6% on the year to 10.75 million lei (EUR2.5 million) in the first nine months, despite a 7.3% more

22 nov 2011

Romania’s second largest oil group Rompetrol is drilling two exploratory wells in the northwestern region of Satu Mare, in a total investment estimated at over $5 million, the company said in a more

22 nov 2011

Romania’s leu edged higher against the euro Tuesday and closed at 4.3585/4.361 units, amid low volumes. more

22 nov 2011

Romanian new passenger car sales fell 11% on the year to 78,848 units in January trough October, from 88,582 units in the year-earlier period, the Automotive Manufacturers and Importers Association, more

22 nov 2011

Romanian state-run hydropower generator Hidroelectrica could be floated on the Bucharest stock exchange in three to six months, once the technical details of the offering are completed, but an exact more

22 nov 2011

Romanian receivable management market is likely to reach approximately 300 million lei (EUR68.8 million) in 2012, from around RON230 million estimated for this year, receivable management company EOS more

22 nov 2011

The Romanian leu traded just shy of 4.36 per euro in mid-session Tuesday and the central bank’s reference strengthened modestly to 4.3588 units, from a 17-month low of 4.3608 units a day earlier. more

22 nov 2011

Nearly one third of Romanian companies have cash flow problems due to unpaid receivables or payment delays and have to write off approximately 5% of the issued invoices, according to a survey from more

21 nov 2011

Romania Hipermarché, operator of Cora chain of hypermarkets, Monday said it has received authorization to act in capacity of electric energy trader on the local market. more

21 nov 2011

Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) will borrow up to EUR2 million from ING Bank to finance investments, the company said in a statement Monday. more

21 nov 2011

Romania’s leu moved in a tight range against the euro Monday and closed flat on the day at 4.364/4.365 units, amid low volumes. more

21 nov 2011

Romania’s Finance Ministry Monday sold nine-month treasury bills worth 502.3 million lei (EUR115.2 million), half the planned amount, at an average yield of 6.72% on the year. more

21 nov 2011

Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 605.17 million lei (EUR138.7 million) in October, up 36.6% on the month, central bank data showed Monday. more

21 nov 2011

Romania’s leu traded in narrow ranges against the euro by midday Monday, while the central bank’s reference weakened to a new 17-month low of 4.3608 units, from 4.3598 units in the previous more

21 nov 2011

Romanian central bank Monday injected 6.246 billion lei (EUR1.43 billion) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the key monetary more

18 nov 2011

Romanian harbor operator Chimpex Constanta (CHEM.RO) has increased its share capital by 5.53 million lei (EUR1.27 million) to RON27.75 million, the company said in a statement Friday. more

18 nov 2011

Romania’s leu weakened slightly against the euro amid low volumes Friday and closed at 4.365/4.3665 units, from 4.3635/4.3645 units a day earlier. more

18 nov 2011

Romanian banks reported a combined net loss of 860 million lei (roughly EUR200 million) in the third quarter, versus a profit of RON95.4 million a quarter earlier, banking sources said Friday. more

18 nov 2011

Romania’s leu gained modestly versus the euro in mid-trade Friday, but the central bank’s reference weakened to 4.3598 units, the lowest rate in 17 months. more