5 oct 2011

The Romanian banking system will continue to be resilient in the face of new challenges, even with the materialization of the worst-case scenarios the central bank considers for its periodical stress more

5 oct 2011

The Romanian central bank has agreed to leave the conditions on foreign currency-denominated mortgage and housing loans unchanged, the head of Romanian Banking Association said Wednesday. more

4 oct 2011

The Romanian leu retreated against the euro in late trade Tuesday, tracking the currencies in the region, and closed almost 0.4% weaker on the day at 4.33/4.3325 units. more

4 oct 2011

Romania must reduce taxation in the capital and workforce sectors to support the economic growth, because monetary policy measures alone are insufficient to sustain the development in the medium and more

4 oct 2011

Romania is set to revise its economic growth forecast for 2012, as exports are expected to advance at a slower pace than in 2011, central bank governor Mugur Isarescu said Tuesday. more

4 oct 2011

American investors are eager to buy Romanian treasuries once the Finance Ministry upgrades its medium term notes (MTN) program to include US dollar-denominated bonds, Tuesday said Bogdan Dragoi, state more

4 oct 2011

Romania must balance its fiscal policy better and put a constitutional cap on the public debt, a central bank official said Tuesday. more

4 oct 2011

Romania’s fiscal authority ANAF Tuesday reported overall budget revenue of 114.6 billion lei (EUR26.5 billion) in January through September, up 11.2% from the year-earlier period. more

4 oct 2011

Romanian leu lost part of its early winnings versus the euro by midday Tuesday, but the central bank’s reference strengthened for the second consecutive day to 4.3159 units, from 4.3222 units more

4 oct 2011

Lowering the taxes or the social security contributions seems like a simple enough solution to unburden the business environment, but the measure would be short-lived and would only limit the more

4 oct 2011

The Board of Romanian lender Bancpost recommended increasing share capital by 92.6 million lei (EUR21.4 million) to RON1.18 billion, mostly by debt conversion to the benefit of its majority more

4 oct 2011

Romanian state-run import-export lender EximBank will transfer 182.3 million lei (EUR42.1 million) to the state budget from its unused profits to finance public infrastructure projects, according to a more

4 oct 2011

Romanian government has not yet approved the subsidies for renewable energy producers because it fears the impact on the electricity bills will be too high, the Wind Power Association AREE said more

4 oct 2011

Bucharest shares opened lower Tuesday, tracking foreign markets, while the stocks of investment fund Fondul Proprietatea (FP.RO) fell to their lowest level since listing in January. more

4 oct 2011

Romanian leu opened down versus the euro Tuesday, amid a negative sentiment in the region as investors move away from risky assets, but orders for foreign currency in early trade helped pushed the leu more

4 oct 2011

Tourist arrivals in Romania rose 21.7% in August from the year-earlier month, while overnight accommodations were up 23.4% on the year, the statistics institute INS said Tuesday. more

4 oct 2011

Romania’s industrial producer price index nudged down 0.2% in August from a month earlier, due to declines in the manufacturing sector, the country’s statistics institute INS said Tuesday. more

4 oct 2011

Romanian adjusted retail sales fell 3% in August compared with a month earlier, due to declines in most sectors, the statistics institute INS said Tuesday. more

3 oct 2011

Romanian investment fund Fondul Proprietatea (FP.RO) last week bought back 0.1% of its shares on the Bucharest bourse for 6.34 million lei (EUR1.46 million), the fund said in a statement Monday. more

3 oct 2011

Romanian aluminum processor Alumil Rom Industry (ALU.RO) Monday said it will take out a 4 million lei (EUR925,000) loan from Marfin Bank to finance its current operations. more

3 oct 2011

Romanian brokerage house Ieba Trust Monday cut by 6.2% its 12-month target price on Romanian leading oil company OMV Petrom (SNP.RO) to 0.45 lei (EUR0.1041) a share, but left its recommendation more

3 oct 2011

Romanian oil companies are suspected of having fixed pump prices on unleaded gas, according to a report from the antitrust regulator sent to the European Commission. more

3 oct 2011

Romania’s leu firmed against the euro Monday and closed almost 1% stronger on the day, with dealers suspecting the central bank might have stepped in to prop the national currency. more

3 oct 2011

Romania’s Finance Ministry on Monday sold six-month treasury bills worth 297.5 million lei (EUR68.8 million), at an average yield of 6.69% a year. more

3 oct 2011

Romanian hotel operator Bucuresti Turism (BUTU.RO) has accessed a EUR71.5 million loan from Raiffeisen Bank International to refinance outstanding debts and repay a loan granted by its majority more