10 nov 2011

Romanian capital spending has been under-executed in the first eight months of the year and is likely to post a more modest growth rate for the whole year compared to original expectations, the more

10 nov 2011

The European Commission estimates Romanian budget deficit will narrow to 3.7% of the gross domestic product in 2012, from 4.9% of GDP predicted for this year, provided the government continues its more

10 nov 2011

Romania’s leu reversed early losses versus the euro by midday Thursday and the central bank’s reference edged higher to 4.353 units, from 4.3534 units a day earlier. more

10 nov 2011

The European Commission revised its forecast on Romanian economic growth to 2.1% in 2012 from 3.7% previously, citing worsening conditions in EU markets. more

10 nov 2011

Romanian shipyard Santierul Naval Orsova (SNO.RO) Thursday reported total sales of 40.29 million lei (EUR9.7 million) in the first nine months, down 29% from RON57.3 million in the year-earlier more

10 nov 2011

Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, Thursday said its net profit inched up 1.8% to 10.8 million lei (EUR2.5 million) in the first nine months, more

10 nov 2011

Romanian lender Banca Comerciala Carpatica (BCC.RO) Thursday said its loss narrowed 78.3% to 24.97 million lei (EUR5.9 million) in the first nine months, aided by lower risk costs. more

10 nov 2011

Bucharest shares opened lower Thursday, tracking international markets, on yet renewed fears over the European sovereign debt after Italy’s borrowing costs rose to over 7% a year, a threshold seen more

10 nov 2011

Romania’s leu dipped to 4.36 per euro Thursday morning, after it fell to 4.37 per euro in pre-trade, and dealers believe the central bank could step in to support the leu for the second straight more

10 nov 2011

The Bucharest Stock Exchange (BVB.RO) Thursday said its net profit more than doubled on the year to 15.81 million lei (EUR3.7 million) in the first nine month, largely fueled by higher volumes after more

10 nov 2011

Romanian state-run power grid operator Transelectrica (TEL.RO) Thursday said its net profit soared to 153.4 million (EUR35.2 million) in the first nine months, from RON5.17 million a year earlier. more

10 nov 2011

Romania’s inflation rate rose to 3.55% in October, ending a four-month drop as prices increased across the board. more

9 nov 2011

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Wednesday reported a 19% drop in its net profit to 28.7 million lei (EUR6.6) in the first nine months, from RON35.4 million in the more

9 nov 2011

Romania’s leu moved in closed ranges against the euro Wednesday and ended flat on the day amid rising volumes, with dealers suspecting a covert intervention from the central bank to prop the more

9 nov 2011

Austrian property investor Immofinanz Wednesday said it has completed the acquisition of the remaining 69.22% stake in realty developer Adama, in a deal worth EUR42.43 million. more

9 nov 2011

Swiss-based building materials maker Holcim Wednesday said cement sales in Romania rose 6.7% on the year in the first nine months, the highest increase in its eastern and southeastern European more

9 nov 2011

CEZ Romania, a unit of Czech power group CEZ AS, reported operating profit before taxes of CZK700 million (EUR27.6 million) in the first nine months from production and trading operations, the Czech more

9 nov 2011

Romanians should be aware that they are responsible for some of the country’s foreign debt of EUR90 billion, central bank governor Mugur Isarescu said Wednesday. more

9 nov 2011

Romania’s leu traded in ranges against the euro by midday Wednesday and the central bank’s reference gained slightly to 4.3534 units, from 4.3537 units a day earlier. more

8 nov 2011

Romania's central bank could have waited a few more months to see if the disinflation process takes hold before lowering its main interest rate, Jeffrey Franks, head of the IMF mission to Bucharest, more

8 nov 2011

Romanian unemployment rate inched up to 4.93% in October, from 4.89% a month earlier, the country’s employment agency ANOFM said Tuesday more

8 nov 2011

Romania’s leu moved in tight ranges against the euro by midday Tuesday and the central bank’s reference nudged higher to 4.3537 units, from 4.354 units a day earlier. more

8 nov 2011

Romania’s planned reorganization of the energy sector has gone from one failure to another, even if the authorities have not formally withdrawn any of the projects that were announced and then more

8 nov 2011

Romania must get rid of unclarities pertaining to the regulated gas and electricity prices, as well as of the inconsistencies regarding new energy projects in order to regain investor confidence in more

8 nov 2011

Romanian drilling company Dafora Medias (DAFR.RO) was awarded a 5 million lei (EUR1.14 million) drilling contract at the Horodnic 1 well in Suceava county, owned by British Aurelian Oil&Gas. more