19 oct 201

Romanian banks estimate household demand on both consumer and mortgage loans will pick up in the third quarter, supported by more relaxed credit standards, a central bank survey showed Wednesday. more

23 mar 2012

Romanian dominant oil company OMV Petrom (SNP.RO) Friday proposed paying out a gross dividend of 0.031 lei (EUR0.007) a share from the 2011 profit, 75% higher on the year. more

23 mar 2012

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) estimates a 28% increase in its net profit to 80.6 million lei (EUR18.4 million) in 2012, as costs are expected to decline faster than more

23 mar 2012

Investors subscribed Friday a little over a third of the 15% stake Romania is offering in state-run power grid operator Transelectrica (TEL.RO), bringing the total stock sold to around 7%. more

23 mar 2012

Romania’s leu closed slightly weaker against the euro Friday, amid increased appetite from investors. more

23 mar 2012

The Romanian central bank, or BNR, is likely to cut its key rate by a quarter of a point to a new historic low of 5.25% a year at the next monetary policy meeting March 29, according to financial more

23 mar 2012

Romania’s leu reference rate strengthened against the euro for the fourth straight day Friday, albeit at a very slow pace, reaching 4.3712 units, from 4.3718 units in the previous session. more

22 mar 2012

Romanian second largest oil group Rompetrol NV Thursday announced a hydrocarbon discovery at two wells in its Satu-Mare perimeter drilled jointly with Canadian Winstar Resourses Ltd. more

22 mar 2012

Romanian trade deficit will widen by 25% to EUR9.97 billion in 2012, as imports will grow twice as fast as exports, according to estimates from the National Prognosis Commission. more

22 mar 2012

Romanian state-run power grid operator Transelectrica (TEL.RO) Thursday proposed paying out a gross dividend of 1.1 lei (EUR0.251) a share from the 2011 net profit, well above RON0.116 paid last year. more

22 mar 2012

Romanian lender Banca Transilvania (TLV.RO) Thursday proposed increasing its share capital by 129.38 million lei (EUR29.57) to RON1.9 billion and launching a EUR30 million convertible bond, the bank more

22 mar 2012

The Romanian government estimates it will raise 3.44 billion lei (roughly EUR800 million) from selling shares in several state-run companies administrated by the industry privatization office OPSPI, more

22 mar 2012

Romania’s leu was stable against the euro Thursday and closed the day flat at 4.371/4.373 units, amid a quiet market. more

22 mar 2012

Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, formally proposed Alexandre Paul Maymat for the position of chief executive officer, the lender said in a more

22 mar 2012

Romania’s Finance Ministry on Thursday sold a planned 1 billion lei (EUR228 million) in five years bonds, at an average yield of 6.16% a year, lower than at the previous auction. more

22 mar 2012

Romania’s leu traded near 4.37 per euro by midday Thursday and the central bank’s reference strengthened slightly to 4.3718 units, from 4.3754 units a day earlier. more

22 mar 2012

Andrew Henry Zivy, owner of Swiss grain trader Ameropa Holding AG, has been appointed new chairman of the board of Romanian fertilizer producer Azomures (AZO.RO), following the latter’s purchase by more

21 mar 2012

The Bucharest Stock Exchange (BVB.RO) Wednesday proposed paying out a gross dividend of 2.1417 lei (EUR0.4894) a share from the 2011 profits, triple on the year. more

21 mar 2012

The International Monetary Fund Wednesday completed the fourth review of Romania’s economic performance under a EUR3.6 billion precautionary loan agreement, enabling the disbursement of a new EUR505 more

21 mar 2012

Swiss grain trader Ameropa Holding AG, through its Pelican Fertilizer units, has completed the acquisition of Romanian fertilizer producer Azomures (AZO.RO). more

21 mar 2012

Romania’s UniCredit Tiriac Bank on Thursday said its net profit slid 7% to 159.4 million lei (roughly EUR38 million) in 2011, on higher operating costs and lower revenue from interests. more

21 mar 2012

Romania’s leu edged higher against the euro in late trade Wednesday and market participants suspect the central bank has stepped in to support the national currency, which has weakened over the past more

21 mar 2012

Romanian authorities Wednesday signed agreements on a new round of grants from the European Economic Area (EEA) and the Norwegian Financing Mechanism. more

21 mar 2012

The European Bank for Reconstruction and Development Wednesday said it has extended a EUR15.5 million loan to Aquatim water utility company to improve water services in Timis county, western Romania. more

21 mar 2012

Romania’s leu was rather stable against the euro by midday Wednesday and the central bank’s reference gained modestly to 4.3754 units, from 4.378 units a day earlier. more