21 oct 2011

Romania’s leu traded near 4.33 per euro by midday Friday and the central bank’s reference strengthened modestly to 4.3295 units, from 4.3308 units a day earlier. more

21 oct 2011

The European Commission has asked Romania to make “a clear commitment” and present a privatization calendar for the chemical plant Oltchim SA (OLT.RO), said Joaquin Almunia, Vice-President of the more

21 oct 2011

The European Commission has launched an inquiry into several energy contracts signed by Romanian state-run hydropower producer Hidroelectrica and ArcelorMittal Galati and Alro Slatina (ALR.RO) to more

21 oct 2011

South-African investment fund New Europe Property Investment (NEP.RO) Friday said it plans to raise EUR40 million via a rights offer to shareholders at EUR2.8 a share. more

21 oct 2011

Enel Green Power, a unit of Italy’s utility Enel, Thursday said it has completed the construction of a 70 MW wind farm in Tulcea, southern Romania, increasing its total installed capacity in the more

21 oct 2011

Bucharest shares were mixed at opening Friday, as investors are playing it safe ahead of the conclusions of an EU summit that may shed some light on the next strategy to contain the debt crisis. more

21 oct 2011

Romania’s leu opened down against the euro Friday, amid low volumes, in line with its neighbors which fell heavily in pre-trade on doubts that the European leaders can reach common ground on how to more

20 oct 2011

European banks’ exposure to Romania rose 22% to $117.7 billion at the end of June, from $96.4 billion in the year-earlier period, data from the Bank for International Settlements showed Thursday. more

20 oct 2011

Russian oil giant Lukoil will invest around $400 million in hydrocarbon prospecting at the Romanian Black Sea platform, with another $1.5 billion available for further works if discoveries are made, more

20 oct 2011

Romanian dominant oil company OMV Petrom (SNP.RO) and US giant Exxon Mobil are scheduled to start drilling in the Black Sea this winter, while the first data on possible oil and gas discoveries will more

20 oct 2011

Romania’s leu strengthened slightly against the euro amid a quiet market Thursday, and closed about 0.15% higher on the day at 4.33/4.3335 units. more

20 oct 2011

Romania’s lower-than-expected inflation could prompt the central bank to lower its key rate by a quarter-percentage point to 6% in November, the first cut in 17 months, BRD-Groupe Societe Generale more

20 oct 2011

Romanian lender BRD-Groupe Societe Generale (BRD.RO) Thursday revised downward its forecast on the economic growth to 2.1% in 2012, from 2.8% previously, citing declining contributions from farming more

20 oct 2011

Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 443 million lei (EUR102.3 million) in September, down 23.7% on the month, central bank data showed Thursday. more

20 oct 2011

Romania’s Finance Ministry on Thursday sold 182.1 million lei (EUR42 million) in three-year bonds, well below the planned amount, while the average yield remained stable at 7.49% a year. more

20 oct 2011

The Romanian leu has lost some ground against the euro in the past months, as investors are reluctant to bet on risky assets, but the national currency fell at a slower pace compared to its neighbors, more

20 oct 2011

Romania’s leu advanced modestly versus the euro by midday Thursday and the central bank’s reference strengthened to 4.3308 units, from 4.3346 units a day earlier. more

20 oct 2011

Romania benefited from annual capital inflows of around EUR16 billion on average between 2004 and 2008, but the global financial crisis took a big chunk out which is not coming back, a central bank more

19 oct 2011

London-headquartered brewer SABMiller Wednesday said its lager volumes in Romania fell 8% on the year in the six months ended September 30, hurt by falling demand and increased competition. more

19 oct 2011

Romanian government Wednesday approved two oil exploration licenses in the Black Sea platform granted by the national agency for mineral resources to a consortium made of oil companies Lukoil Overseas more

19 oct 2011

Romania’s leu strengthened against the euro Wednesday, mirroring the currencies in the region, and closed 0.5% higher on the day at 4.337/4.338 units. more

19 oct 2011

The average wealth of a Romanian rose by around 12% on the year to $13,987 in 2011, ranking the country 59th in a global chart by investment bank Credit Suisse AG. more

19 oct 2011

Consumer goods producer Orkla Foods Romania Wednesday estimated its 2011 sales will grow by 5% on the year to EUR30.4 million, following good nine-month results. more

19 oct 2011

Romania isn’t the only European country which saw its growth forecast reduced for 2012, as many economies will be affected by the worsening situation in the euro area, said Claudia Pendred, country more

19 oct 2011

France’s Filasa International plans to build 11 wind farms with a total capacity of 516 MW in the Romanian northeastern county of Suceava by 2014, local authorities said Wednesday. more