19 oct 2011

Romania’s leu widened early gains versus the euro by midday Wednesday and the central bank’s reference won 0.4% to 4.3346 units, from 4.3529 units a day earlier. more

19 oct 2011

Romanian construction output fell 4.5% on the month in August, the second largest decline in the European Union, official data showed Wednesday. more

18 oct 2011

US investment fund Broadhurst Investments Limited plans to purchase 6.99% in Romanian Libra Internet Bank from car parts producer Electroaparataj Bucharest (ELJ.RO), in a bid to increase its stake in more

18 oct 2011

Romania’s leu weakened against the euro Tuesday, tracking the currencies in the region, and closed down 0.7% at 4.3605/4.3635 units, from 4.3305/4.3325 units a day earlier. more

18 oct 2011

Romanian government have authorized the head of state-run CEC Bank to resume procedures for a capital increase at the bank, despite past opposition from the European Commission regarding the more

18 oct 2011

Romania’s leu extended earlier losses against the euro by midday Tuesday, amid a negative sentiment in the region, and the central bank’s reference weakened almost 0.5% on the day to 4.3529 units, more

18 oct 2011

Romania’s planned power company Complexul Energetic Oltenia is likely to generate around EUR1 billion in annual revenue, according to estimates of the Economy Ministry. more

17 oct 2011

Romania’s Finance Ministry plans to tap the international bond markets for a second time in 2011, following a successful EUR1.5 billion Eurobond launched in June. more

17 oct 2011

A consortium made of brokerage house Carpatica Invest and Swiss Capital Thursday has submitted the only offer to help with the sale of a 20% stake in Romanian state-run airline Tarom, people familiar more

17 oct 2011

Romanian private consumption is likely to grow 1.7% in 2012, backed by stable savings levels and a low inflation, according to estimates of Juraj Kotian, analyst with Austria’s Erste Bank AG. more

17 oct 2011

Romanian leu weakened slightly against the euro Monday, amid low volumes, and closed at 4.3305/4.3325 units, from 4.3275/4.33 units in the previous session. more

17 oct 2011

Romania’s Finance Ministry on Monday sold a planned 800 million lei (EUR184 million) in two-year bonds, at an average yield of 7.4% a year. more

17 oct 2011

Romanian banking profitability is likely to continue its decline through 2011, due to increasingly high costs, while the small, less specialized banks could even shut their doors, the head of more

17 oct 2011

Romania’s leu edged lower against the euro in mid trade Monday and the central bank’s reference weakened 0.2% to 4.3329 units, from 4.3233 units in the previous session. more

17 oct 2011

Romanian central bank Monday lent 1.09 billion lei (EUR254.4 million) to two local banks in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetary policy more

14 oct 2011

Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) plans to borrow EUR2 million from ING Bank to finance medium-term investments, the company said in a statement Friday. more

14 oct 2011

Romanian investment fund Fondul Proprietatea Friday said its net profit fell 2.4% to 535.3 million lei (EUR123.8 million) in September, from RON548.8 million a month earlier. more

14 oct 2011

Romania’s five regional investment funds (SIFs) reported combined net assets worth 6.5 billion lei (EUR1.5 billion) in September, down 3.5% from a month earlier. more

14 oct 2011

Romania’s leu retreated against the euro in late session Friday, pushed lower by growing demand for foreign currency, and closed 0.2% weaker on the day at 4.3275/4.33 units. more

14 oct 2011

Romanian state-owned energy producer Nuclearelectrica Thursday reported total sales of 1.15 billion lei (EUR268 million) in the first nine months, up 4.8% on the year. more

14 oct 2011

Romania’s leu traded in narrow ranges against the euro by midday Friday, while the central bank’s reference retreated 0.2% to 4.3233 units, from 4.3148 units a day earlier. more

14 oct 2011

Romania ranks among the countries with the highest level of combined employer/employee social contributions on $100,000 of gross income, placing it 18th among 87 states surveyed in the category, more

14 oct 2011

Romanian consumer prices declined 0.2% in September, the second biggest one-month fall in prices across the European Union after Malta, official data showed Friday. more

14 oct 2011

Romanian central bank bought foreign treasuries worth 117.8 billion lei (EUR27.9 billion) in the first eight months, equal to roughly 76% of the overall international reserves. more

13 oct 2011

Italy’s UniCredit is ready to boost the capital of its Romanian subsidiary UniCredit Tiriac Bank to meet potential lending growth, but a final decision will be made together with its local more