13 oct 2011

Romanian regional investment fund SIF Muntenia (SIF4.RO) Thursday sold its 6% stake in bank Banca Comerciala Romana (BCR) to Austrian Erste Group Bank AG (EBS.RO), under terms similar to the agreement more

13 oct 2011

Raiffeisen Capital & Investment Thursday left its recommendation on Romania’s five regional investment funds SIFs unchanged at “buy”, but lowered the 12-month target prices for the funds’ more

13 oct 2011

Romanian state-run lender CEC Bank Thursday said 25% of the distressed loans modified to give the companies more time to recover have gone bad again after three months. more

13 oct 2011

Romania’s leu weakened slightly against the euro Thursday, amid a negative sentiment in the region, and closed 0.15% lower on the day at 4.3195/4.321 units. more

13 oct 2011

Italy’s financial group UniCredit plans to invest over EUR100 million in 300 new branches in Romania over the next years, the group’s general manager Roberto Nicastro said Thursday. more

13 oct 2011

Romania’s leu lost early gains versus the euro by midday Thursday, but the central bank’s reference won 0.16% on the day to 4.3148 units, from 4.3217 units in the previous session. more

13 oct 2011

Fitch Ratings Thursday affirmed its long-term issuer default rating on Romanian UniCredit Tiriac Bank at ‘BBB+’, with stable outlook, following the placement of Italy’s UniCredit group rating of more

13 oct 2011

Romanian foreign direct investment, or FDI, fell 52% to EUR1.12 billion in the first eight months, from around EUR2.35 billion in the year-earlier period, the central bank said Thursday. more

13 oct 2011

Romania's current account deficit narrowed 19.7% to EUR3.29 billion in the first eight months, from a gap of EUR4.1 billion in the year-earlier period, due mainly to a lower trade deficit and an more

12 oct 2011

Romania’s leu widened earlier gains versus the euro in late trade Wednesday and closed almost 0.4% stronger on the day, amid low volumes and a positive sentiment in the region after EU officials more

12 oct 2011

Romanian Economy Ministry will hire a consortium made of investment companies BCR, Intercapital Invest and Swiss Capital to help with a secondary offering of 15% in state-run power grid operator more

12 oct 2011

Austria’s Erste Group Bank AG (EBS.RO) Wednesday recommended increasing the share capital of its Romanian unit Banca Comerciala Romana (BCR) by 644 million lei (about EUR150 million) to RON1.7 more

12 oct 2011

Romania’s leu edged higher against the euro by midday Wednesday and the central bank’s reference strengthened 0.2% to 4.3217 units, from 4.3312 units a day earlier. more

12 oct 2011

Romanian new car registrations fell 21.4% on the month to 6,875 units in September, but were modestly up from 6,860 units in the year-earlier period, Interior Ministry data showed Wednesday. more

12 oct 2011

Romania’s industrial production rose 7.7% on the year in August, the fourth biggest increase in the European Union, official data showed Wednesday. more

11 oct 2011

Romanian consumer prices fell for the fourth straight month in September, as food prices continued to drop, while the annual inflation eased to 3.45%, the lowest rate since the end of the communist more

10 oct 2011

The employees of Romanian state-run energy company Electrica and of the company’s privatized units will be able to buy shares in any of the former subsidiaries, regardless if they worked there or more

10 oct 2011

Austria’s Erste Group Bank AG (EBS.RO) Monday said it will partially write down its Romania-related goodwill by EUR700 million pre-tax, reflecting a slower-than-expected economic recovery. more

10 oct 2011

Romania’s leu traded in narrow ranges against the euro Monday morning, amid low volumes, whereas its peers in the region were moving higher after French-Belgian bank Dexia agreed to a rescue offer more

10 oct 2011

Romania’s trade deficit was EUR6.148 billion in the first eight months of 2011, barely changed from EUR6.145 billion in the year-earlier period, the country’s statistics institute INS said Monday. more

7 oct 2011

Romania’s leu moved higher against the euro in late trade Friday, tracking regional markets after the US authorities said companies increased their headcount by over 100,000 in September. more

7 oct 2011

Despite a decline in overall confidence in the global economy, over 60% of Romanian companies said that they plan to add new jobs in the short term, according to a survey from Regus Plc. more

7 oct 2011

Romanian state-run copper producer Cupru Min Abrud will be auctioned off next week at a starting price of around 200 million lei (EUR46.3 million), people at the Economy Ministry said Friday. more

7 oct 2011

Romania’s leu traded around 4.31 per euro by midday Friday and the central bank’s reference weakened slightly to 4.3146 units, from 4.3128 units a day earlier. more

7 oct 2011

A delegation of the International Monetary Fund will visit Romania between October 25 and November 7 for the third review of a EUR3.5 billion precautionary agreement signed end March. more