26 oct 2011

German do-it-yourself retail chain Praktiker Wednesday said its sales in Romania dropped 24.4% on the year to EUR116.1 million in the first nine months, hurt by a difficult economic environment and more

26 oct 2011

Romania has fallen behind in honoring its commitments to reorganize the state-owned companies and these have begun to behave like a lead ball, pulling down the economy, an official of the more

26 oct 2011

Romanian leu traded below 4.33 per euro by midday Wednesday, amid a calm market, and the central bank’s reference weakened slightly to 4.3274 units, from 4.3246 units a day earlier. more

26 oct 2011

Romania doesn’t need a full body armor against the international financial turmoil, but it should insulate itself well enough so it doesn’t become the next victim of the markets, an official of more

26 oct 2011

The Romanian real estate market is still in a relative state of stagnation and lending in the sector is unlikely to pick up any time soon, due to the high level of non-performing loans, a survey from more

25 oct 2011

Romanian new passenger car sales fell 11.4% on the year to 69,170 units in January trough September, from 78,152 units in the year-earlier period, the Automotive Manufacturers and Importers more

25 oct 2011

Romanian banks Banca Comerciala Romana (BCR) and Banca Transilvania (TLV.RO) could agree to a debt-to-equity swap at chemical company Oltchim SA (OLT.RO), the Economy Ministry said Tuesday. more

25 oct 2011

Romania pays similar interest rates on its sovereign bonds as Spain and is perceived as less risky than Italy or Hungary, but trades outside neighbor Bulgaria. more

25 oct 2011

Romania’s consolidated budget posted a deficit of 13.7 billion lei (EUR3.16 billion) in the first nine months, equal to 2.5% of the gross domestic product, Finance Ministry data showed Tuesday. more

25 oct 2011

The Romanian leu moved in a tight range against the euro amid a quiet session Tuesday as investors wait for the conclusion of an EU summit Wednesday that could shed light on future measures to contain more

25 oct 2011

Romania’s second largest tourism agency Eximtur Cluj Thursday reported an 18% increase in its sales to 114.6 million lei (EUR26.6 million) in the first nine months, mainly boosted by higher revenue more

25 oct 2011

Romania’s leu traded in narrow ranges against the euro by midday Tuesday and the central bank’s reference weakened slightly to 4.3246 units, from 4.323 units a day earlier. more

25 oct 2011

Romanian natural gas producer Romgaz Medias Tuesday said its net profit more than doubled to 677.7 million lei (roughly EUR157 million) in the first eight months, on lower costs. more

24 oct 2011

Romania must use prudence in setting its budget targets for 2012, because the costs to finance the deficit have gone up due to the worsening situation in international markets, President Traian more

24 oct 2011

British energy company Melrose Resources plans to invest around $130 million in deepwater exploration at Romania’s Black Sea platform, after it has secured approval for the project, the UK more

24 oct 2011

Romania’s leu gained modestly against the euro Monday, tracking the currencies in the region, and closed 0.17% stronger at 4.32/4.323 units, from 4.3275/4.33 units in the previous session. more

24 oct 2011

Romania’s Finance Ministry on Monday sold 735.6 million lei (EUR170.1 million) in one-year treasury bills, below the planned amount, at an average yield of 6.82% a year, barely changed from the more

24 oct 2011

The Romanian central bank Monday lent 225 million lei (EUR52 million) to a local bank in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetary policy more

24 oct 2011

Romania’s leu edged higher against the euro by midday Monday and the central bank’s reference gained 0.15% to 4.323 units, from 4.3295 units in the previous session. more

24 oct 2011

State-owned drugmaker Antibiotice Iasi SA (ATB.RO) estimates its sales on the US market will grow 36% on the year to $4.5 million in 2012, after it has received official authorization to trade a new more

24 oct 2011

Romanian industrial new orders rose 12.5% in August from the year-earlier month, the seventh biggest growth in the European Union, official data showed Monday. more

21 oct 2011

Romania’s leu moved in tight ranges against the euro Friday and closed flat on the day at 4.3275/4.33 units, amid low volumes. more

21 oct 2011

Eurostat has withdrawn its reservation expressed on the quality of Romania’s data on the budget deficit for the 2007-2010 period and confirmed the October 2011 notification from the eastern European more

21 oct 2011

Romanian economic outlook for the next six months declined for the fifth consecutive time in October, stripping the country of its top business destination title in the Central and Eastern Europe, a more

21 oct 2011

Romanian economy has gone through a period of relative stabilization in 2011 and the prospects for next year seem favorable, but the authorities should ensure the predicted growth materializes, a more