28 oct 2011

Austrian Erste Group Bank (EBS.RO) will allocate more resources to improve the efficiency of its Romanian unit Banca Comerciala Romana (BCR) and make the bank the number one player on the local more

28 oct 2011

Austria's Erste Group Bank AG (EBS.RO) Friday said it could strike a deal by year-end with the minority shareholders SIFs in its Romanian unit Banca Comerciala Romana (BCR) for half of their holdings. more

28 oct 2011

Romania’s leu recovered early losses against the euro by midday Friday and the central bank’s reference strengthened 0.3% to 4.315 units, from 4.3288 units a day earlier. more

28 oct 2011

Romanian central bank’s new lending regulations don’t include restrictions for mortgage loans in foreign currency, governor Mugur Isarescu said Friday. more

28 oct 2011

Romanian power transformers manufacturer Retrasib Sibiu (RTRA.RO) Friday said its net profit dropped 73% to 0.97 million lei (EUR0.22 million) in the first nine months, as expenses declined slower more

28 oct 2011

Romanian maritime port operator Socep Constanta (SOCP.RO) Friday said its net profit rose 12-fold on the year to 7.2 million lei (EUR1.66 million) in the first nine months, on higher sales. more

28 oct 2011

Romanian Economy Ministry will organize November 21 an auction to select a bank that will broker the sale of state-run chemical company Oltchim (OLT.RO), the company said Friday. more

28 oct 2011

Bucharest shares were mostly higher Friday morning, with investors taking profits after solid gains a day earlier. more

28 oct 2011

Romania’s leu edged lower against the euro Friday morning, amid rising volumes and higher demand for foreign currency. more

28 oct 2011

Romanian housing permits fell 11.5% to 3,845 units in September, from 4,345 units a year earlier, the country’s statistics institute INS said in a statement Friday. more

28 oct 2011

Romanian companies estimate economic activity will remain fairly stable in the fourth quarter of 2011 from a quarter before, with the retail sector set up to grow modestly, the statistics institute more

28 oct 2011

Austria's Erste Group Bank AG (EBS.RO) Friday said it has switched to a net loss of EUR973 million in the first nine months, due to goodwill write-downs in Hungary and Romania, additional risk more

28 oct 2011

Romanian leading bank group Banca Comerciala Romana (BCR) Friday said its net profit dropped sevenfold on the year to 67.6 million lei (EUR15.6 million) in the first nine months, hurt by rising more

28 oct 2011

Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) Thursday said its revenues fell 10% to 64.8 million lei (EUR15.4 million) in the first nine months, from RON72.3 million more

27 oct 2011

Romanian regional investment fund SIF Moldova (SIF2.RO) Thursday reported total revenue of 134.5 million lei (EUR31 million) in the first nine months, down 8.2% on the year. more

27 oct 2011

Romania’s leu traded in tight ranges against the euro Thursday and closed flat at 4.328/4.3295 units, after an uneventful session. more

27 oct 2011

Canadian Sterling Resources plans to invest between $500 million and $1 billion in hydrocarbon exploration at Romania’s Black Sea platform over the coming period, the Economy Ministry said Thursday. more

27 oct 2011

The market has plenty to chew on now that the EU leaders have announced a new set of measures to tackle the lingering sovereign debt crisis, but there might be some concern over the efficiency of the more

27 oct 2011

Romanian mortgage market relies heavily on the foreign lending and killing the foreign loans altogether would be a “grave error,” central bank governor Mugur Isarescu said Thursday. more

27 oct 2011

Romanian leu traded near 4.33 per euro by midday Thursday and the central bank’s reference weakened slightly to 4.3288 units, from 4.3274 units a day earlier. more

27 oct 2011

Foreign direct investment in Romania has been less productive than in other countries in Central Europe and its contribution to the economy is rather reduced, an official of the World Bank said more

27 oct 2011

Romania’s subsidized housing program, along housing banks have helped deflate the small bubble in the mortgage market, while bringing more stability to the system, central bank governor Mugur more

26 oct 2011

Romania’s leu weakened slightly against the euro amid a quiet market Wednesday, as the results of an EU summit on the European sovereign debt crisis will not be known until later today. more

26 oct 2011

Romanian overdue private loans edged up 2.37% on the month to 20.66 billion lei (EUR4.77 billion) in September, from roughly RON20.2 billion a month earlier, central bank data showed Wednesday. more

26 oct 2011

Romania might find itself in a difficult situation if foreign banks were to reduce their support to the local subsidiaries, President Traian Basescu said Wednesday. more