15 nov 2011

Romania’s monetary and commodities exchange SIBEX has switched to losses in the first nine months from profit in the year-earlier period, mainly due to a 21% decline in trade volumes, the more

15 nov 2011

UniCredit-Tiriac Bank will freeze its expansion plans in 2012 to focus on drawing more resources from the local market and increase profitability, chief executive Rasvan Radu said Tuesday. more

15 nov 2011

Romania’s planned US-dollar denominated bond issue will likely be affected by the international financial turmoil and the recent change in Hungary’s outlook, an official of the Finance Ministry more

15 nov 2011

Austrian financial group Raiffeisen Tuesday revised upward its forecast on Romanian economic growth to 2.5% in 2011, from 1.5% previously, citing better-than-expected third quarter data. more

15 nov 2011

Romania’s leu advanced versus the euro by midday Tuesday, but the central bank’s reference weakened slightly to 4.3487 units, from 4.3448 units a day earlier. more

15 nov 2011

Romania’s economic growth in the third quarter was mostly driven by farming output, but the low taxation in the agriculture sector makes the increase less noticeable in terms of revenues to the more

15 nov 2011

The Romanian economy grew at the fastest pace in the European Union in the third quarter of 2011 compared with the previous three months, official data showed Tuesday. more

15 nov 2011

Foreign direct investment, or FDI, fell 54.1% on the year to EUR1.17 billion in the first nine months, the Romanian central bank said Tuesday. more

15 nov 2011

Romania's current account deficit narrowed 10.8% to EUR3.79 billion in the first nine months, from a gap of EUR4.25 billion in the year-earlier period, due mainly to shrinking trade deficit and higher more

15 nov 2011

Romanian economy expanded by 1.9% in the third quarter, after a modest recovery of 0.2% three months earlier, a flash estimate of the country’s statistics institute showed Tuesday. more

11 nov 2011

Romanian fuels wholesaler Petrolexportimport (PEI.RO) Friday said its net loss narrowed 91.4% to 0.16 million lei (EUR0.037 million) in the first nine months, aided by higher sales. more

11 nov 2011

Romanian plastic profiles producer Romcarbon Buzau (ROCE.RO) Friday said it has swung to a net profit of 3 million lei (EUR0.69 million) in the first nine months, versus losses a year earlier, despite more

11 nov 2011

Romanian Economy Ministry opposed a proposal to float the shares of state-run power producer Nuclearelectrica on the Bucharest Stock Exchange, saying the operation requires government approval, more

11 nov 2011

Romanian regional investment fund SIF Oltenia (SIF5.RO) Friday reported total revenue of 97.9 million lei (EUR23.2 million) in the first nine months, down 31.8% on the year. more

11 nov 2011

Romanian government targets total revenues to the state budget of 95.65 billion lei (EUR22 billion) in 2012, up 13.5% on the year, while overall spending is poised to stagnate at around RON113 more

11 nov 2011

Romania’s leu traded below 4.35 per euro in late session Friday, amid low volumes, and closed slightly stronger on the day, with dealers suspecting new interventions from the central bank to support more

11 nov 2011

Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) increased its capital by 3.33 million lei (EUR0.76 million) to RON6.19 million, the company said in a statement Friday. more

11 nov 2011

Romanian new car registrations rose 13.8% on the month to 7,828 units in October, but were down 5.5% from 8,281 units in the year-earlier period, Interior Ministry data showed Friday. more

11 nov 2011

Romanian Transport Ministry has canceled the auction to select a broker for the sale of a 20% stake in state-run airline Tarom, citing lack of interest from brokerage houses. more

11 nov 2011

The Bucharest Stock Exchange registered net outflows of 37.06 million lei (EUR8.52 million) in October as both local and international investors were net sellers, bourse data showed Friday. more

11 nov 2011

Romania’s leu edged higher against the euro by midday Friday and the central bank’s reference strengthened modestly to 4.3479 units, from 4.353 units a day earlier. more

11 nov 2011

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) on Friday reported a fivefold drop in its net profit to 1.6 million lei (EUR0.37 million), on halved sales. more

11 nov 2011

Romanian car parts manufacturer Compa Sibiu (CMP.RO) Friday said its net profit doubled to 12.5 million lei (EUR2.87 million) in the first nine months, from RON6.2 million in the year-earlier period. more

10 nov 2011

Romania will offer up to $2 billion of medium-term bonds in a US debt sale scheduled for the end of November, the second international auction this year and the first dollar-denominated bond in more more

10 nov 2011

Romanian government is due to release its second budget revision of 2011 at the end of November, with new spending cuts across the board, people familiar with the matter said Thursday. more