7 oct 2011

Bucharest shares opened higher Friday, with the five regional investment funds SIFs entering a three-day rally after a sharp decline on Tuesday. more

7 oct 2011

Romania’s leu edged higher against the euro Friday morning and traded in narrow ranges in early session, with investors playing it safe ahead of a key US jobs report that will show how well the more

7 oct 2011

Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 45.13% in September, from 43.04% a month earlier, the fund said in a statement Friday. more

7 oct 2011

Romanian adjusted industrial production rose 1.9% in August compared with the previous month, fueled by higher output in all sectors, the statistics institute INS said Friday. more

6 oct 2011

Romania’s leu wavered around 4.31 per euro amid a quiet market Thursday and closed almost flat on the day at 4.317/4.32 units, from 4.3165/4.3185 units in the previous session. more

6 oct 2011

Romania’s Finance Ministry on Thursday rejected for the second consecutive time all bids in a 500 million lei (EUR115.7 million) five-year bond sale, citing high yields. more

6 oct 2011

Romania’s leu traded in ranges against the euro by midday Thursday and the central bank’s reference strengthened slightly to 4.3128 units, from 4.3144 units a day earlier. more

6 oct 2011

Romania’s leu edged higher against the euro in early trade Thursday, pulling strength from international markets, but was pushed back by higher sales as investors took profits. more

6 oct 2011

A consortium made of investment companies BCR, Intercapital Invest and Swiss Capital Thursday has submitted the only offer on file to broker the sale of a 15% stake in Romanian state-run power grid more

6 oct 2011

Romanian dominant oil company OMV Petrom (SNP.RO) Thursday said it has commenced commercial operations at its wind farm in Dorobantu locality, in southern region of Dobrogea. more

6 oct 2011

Romanian construction works fell 4.5% in August compared with a month earlier, as developers built fewer projects, the statistics institute INS said Thursday. more

6 oct 2011

Romanian power output rose 3.5% on the year to 15.64 million tons of oil equivalent in the first eight months, fueled by higher production in most sectors, official data showed Thursday. more

6 oct 2011

Romanian industrial sales fell 3.6% on the month in August, due to falling demand in the manufacturing sector, the country’s statistics institute INS said Thursday. more

6 oct 2011

Romanian industrial new orders inched down 0.6% on the month in August, largely due to a 15% decline in the durable goods sector, the statistics institute INS said Thursday. more

6 oct 2011

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it has extended until 2012 its oil price hedges to protect its cash flow from the negative impact of potential lower oil prices. more

5 oct 2011

Romanian geological surveys provider Prospectiuni Bucuresti (PRSN.RO) Wednesday said it will use its stock in oil refinery Rafo Onesti to fuel a capital increase at the Micro Active Invest company. more

5 oct 2011

Romanian state-run power producer Termoelectrica plans to auction off its thermal plant Oradea II and is asking for 221.7 million lei (EUR51.38 million), the company said Wednesday. more

5 oct 2011

Romanian banks are having an increasingly hard time unloading properties at foreclosure auctions and they need to come up with a plan to avoid further defaults from their clients, the head of Romanian more

5 oct 2011

Romanian central bank governor Mugur Isarescu Wednesday said the bank’s new regulations to limit the maturity of consumer loans should be interpreted as a “return to normalcy,” because more

5 oct 2011

Romania’s leu gained 0.3% versus the euro Wednesday, amid a positive sentiment in the region after the EU finance ministers agreed on a coordinated response to protect the banking system against more

5 oct 2011

Romanian labor market is too burdened and cutting the social security taxes, while a risky measure, would be a most welcome solution to stimulate economic growth, central bank governor Mugur Isarescu more

5 oct 2011

Romanian inflation has eased to below 4% in September, falling within the central bank’s target of 2%-4%, governor Mugur Isarescu said Wednesday. more

5 oct 2011

Romanian banks might have to shift focus from retail to corporate in order to balance out lending slowdown and grow their business, central bank’s deputy governor Cristian Popa said Wednesday. more

5 oct 2011

Romania’s leu traded in narrow ranges against the euro by midday Wednesday and the central bank’s reference strengthened for the third day to 4.3144 units, from 4.3159 units Tuesday. more

5 oct 2011

Romanian central bank’s (BNR) new lending regulations are bound to be more effective than the previous measures aimed to limit foreign currency loans, because now they are part of a larger, European more