9 mai 2014

Romanian government’s planned five percentage-point reduction of the social securities tax will be difficult to achieve considering the low level of tax collections to the state budget, the more

9 mai 2014

Romania’s Finance Ministry on Friday raised a planned 75 million lei (EUR16.9 million) at a supplementary non-competitive tender for its June 2021-dated bond reopened yesterday. more

8 mai 2014

Romanian state-owned energy producer Nuclearelectrica (SNN.RO) will temporarily shut down one of its two reactors at the nuclear power plant in Cernavoda for a scheduled overhaul, the company said in more

8 mai 2014

Romania’s exposure to Swiss-franc loans is at 4.1% of total private loans, a sensibly lower ratio compared to other European countries, an official of the central bank said Thursday. more

8 mai 2014

The Romanian leu weakened slightly against the euro in thin volumes Thursday, with investors reacting to central bank’s comments on the local currency’s recent strengthening trajectory. more

8 mai 2014

Retail activity in Romania accelerated in the first quarter amid stronger domestic demand, particularly in the auto industry, central bank governor Mugur Isarescu said Thursday. more

8 mai 2014

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) on Thursday said its first-quarter revenues tripled to 90.6 million lei (EUR20.1 million), fuelled by stock sales in lenders BRD-Societe more

8 mai 2014

Romania has made sufficient progress to sustain economic growth without further help from its international creditors, central bank governor Mugur Isarescu said Thursday. more

8 mai 2014

Romania’s Finance Ministry on Thursday raised 592.9 million lei (EUR133.7 million) in a reopening of its 10-year bond due June 2021, above the planned amount, at an average yield of 4.7% a year, more

8 mai 2014

Romania’s economic performance during the first months of the year wasn’t good enough to justify the recent strengthening of the leu against the euro, central bank governor Mugur Isarescu said more

8 mai 2014

Romanian leu’s exchange rate strengthened to its highest level in six months of 4.434 versus the euro Thursday, but the local currency lost thrust in interbank trading after the central bank chief more

8 mai 2014

Romanian central bank governor Mugur Isarescu Thursday said the banking system is cleaning up and the non-performing loans ratio, which reached 22.3% at the end of March, was assessed following more

7 mai 2014

Romania’s 2019 target date for the euro adoption is realistic, but the authorities must focus on measures that would take country on the path to the real convergence to the euro area, a senior more

7 mai 2014

Romania’s leu closed higher against the euro Wednesday after reaching a six-month high of 4.4295 units in intraday trading, but volumes remain subdued. more

7 mai 2014

The Romanian leu advanced against the euro by midday Wednesday and the central bank’s reference strengthened 0.13% to 4.4352 units, from 4.4411 units a day earlier. more

7 mai 2014

The Bucharest Stock Exchange (BVB.RO) Wednesday said its net profit fell 9.8% on the year to 1.38 million lei (EUR0.31 million) in the first quarter, largely due to lower revenues from foreign more

6 mai 2014

Romanian central bank governor Mugur Isarescu said Tuesday the leu’s recent appreciation against the euro was fueled by higher demand for government bonds from foreign investors, as well as by more

6 mai 2014

Romania’s central bank is waiting to receive a complete list with the new managing directors of CEB Bank before it can authorize any changes in the latter’s management structure, central bank more

6 mai 2014

Romanian central bank governor Mugur Isarescu Tuesday said joining the euro area by the government’s self-imposed deadline in 2019 is an ambitious goal, which cannot be accomplished without meeting more

6 mai 2014

Romania’s leu showed little movement against the euro in a quiet market Tuesday to finish the session at 4.4385/4.44 units, little changed from 4.4375/4.4405 units a day earlier. more

6 mai 2014

Romania’s central bank (BNR) Tuesday revised slightly down its inflation forecast to 3.3% this year from 3.5% previously and said inflationary pressures are expected to remain at moderate levels in more

6 mai 2014

Romanian CEC Bank’s chief executive Radu Ghetea on Tuesday declined to comment about his possible replacement and said his future is in the hands of the Finance Ministry, the sole shareholder of the more

6 mai 2014

Romanian lending is showing signs of recovery, with banks reporting increased demand for both business and consumer loans, CEC Bank’s president Radu Ghetea said Tuesday. more

6 mai 2014

The Romanian leu held steady against the euro by midday Tuesday and the central bank set a reference rate for the local currency of 4.4411 units, barely changed from 4.4419 units a day earlier. more

6 mai 2014

Romanian state-owned lender CEC Bank Tuesday said its net profit rose 5.4% to about 39 million lei (EUR8.78 million) in 2013, from RON37 million a year earlier. more