6 nov 2014

Fitch Ratings on Thursday affirmed BRD-Groupe Societe Generale and Banca Comerciala Romana long-term issuer default ratings at 'BBB+' and Garanti Bank long-term issuer default rating at 'BB+', the more

6 nov 2014

The Romanian central bank estimates the annual inflation will fall below 1.5% at the beginning of next year, but then will return in its target interval in the second and third quarters. more

6 nov 2014

U.S. coffee shop chain Starbucks will be opening two coffee shops in shopping and office center Palas Iasi developed by Iulius Group. more

6 nov 2014

Romania’s central bank governor Mugur Isarescu said Thursday that tobacco and alcohol prices will decline in 2015, because the calendar for the alignment of excise duties has already been fulfilled. more

6 nov 2014

Romania’s Finance Ministry Thursday raised a planned 500 million lei (EUR112.9 million) in a reopening of a five-year bond due June 2019, at a lower yield than at previous auction. more

6 nov 2014

Romania’s leading oil&gas company OMV Petrom (SNP.RO) announced Thursday that it will review its investment plans for 2015, due to volatile and weaker market fundamentals, such as the decrease of more

6 nov 2014

Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) reported a decrease of its profit for the first nine months, as the lender booked additional provisions in the third quarter. more

6 nov 2014

Romanian average net salary increased 0.9% to 1,698 lei (EUR380) in September, from RON1,683 a month earlier, the statistics institute INS said Thursday. more

6 nov 2014

Romania’s leading oil&gas company OMV Petrom (SNP.RO) Thursday reported a 20% decrease in third-quarter net profit, mainly due to lower sales and an increase in the property tax. more

6 nov 2014

The ruble is continuing to decline despite the Russian central bank's actions to stabilize the national currency, Euler Hermes analysts said in the latest Weekly Export Risk Outlook report. more

5 nov 2014

U.S. Group Federal-Mogul will invest over $20 million in two new production lines at its friction pads factory in Ploiesti, recently taken over from Honeywell. more

5 nov 2014

The Romanian government proposed Rompetrol owner KazMunayGas to build a chemical plant in the southeastern Romanian region with the $1 billion it pledged to invest in the country, Energy minister more

4 nov 2014

The Romanian central bank’s decision to cut its key rate to 2.75% won’t have much of an impact on overall monetary conditions, but signals the policymakers are alert to the prospects of even more

4 nov 2014

Romania’s gross domestic product rose 1% in the third quarter against the previous quarter, according to the European Commission’s latest forecasts, which means the economy is out of technical more

4 nov 2014

The Romanian central bank cut again its forecast on the inflation rate for this year and the next, governor Mugur Isarescu told a news conference Tuesday. more

4 nov 2014

Romania’s government will need to increase taxes or cut expenditure else the budget deficit will expand to 2.8% of the gross domestic product next year, when revenue is expected to go down following more

4 nov 2014

The European Commission expects Romania’s economy to grow only 2% in 2014, a significant cut from a 2.8% estimated in June, due to a strong deceleration in the second quarter. more

4 nov 2014

Romania’s central bank Tuesday cut its main monetary policy rate by 25 basis points, to a record low of 2.75%, as inflation is still below its target while the economic growth is slowing down. more

4 nov 2014

Romania’s industrial producer price index went down 0.2% in September, after a similar decline in the previous month, the country’s statistics institute INS said Tuesday. more

3 nov 2014

Romania’s Finance Ministry on Monday raised 593.6 million lei (EUR134.5 million), higher than the planned amount, in a reopening of a ten-year bond due February 2025, while the average yield fell to more

3 nov 2014

Romanian foreign exchange reserves increased to 32.2 billion euros at the end of October, from EUR31.1 billion a month before, fueled by proceeds from the country’s 10-year Eurobond, central bank more

3 nov 2014

The Romanian leu was stable against the euro by midday Monday and the central bank’s reference barely won 0.01% to 4.4133 units, unimpacted by the results of the first round of presidential more

3 nov 2014

Romania’s central bank might cut the key rate to 2.75% in its Tuesday monetary policy board meeting, while keeping requirement ratio for leu deposits unchanged, according to a survey of the more

3 nov 2014

The trading session on the Bucharest Stock Exchange was quiet Monday morning, with few shares posting significant moves and low traded values reaching 4.2 million lei (EUR956.277). more

3 nov 2014

Arrivals at Romanian tourism accommodation establishments rose 10.8% in September from the year-earlier month, while overnight staying increased 5.4% on the year, data from the statistics institute more