Romania To Appoint New Representative To IMF - Sources
05.16.2012
Serban Matei, head of the market operations division with the Romanian central bank, will be appointed as the country’s new representative to the International Monetary Fund, official sources said Wednesday.
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Fitch Ups Outlook On Rompetrol's 'B+' Rating To Stable today, 18:51
Fitch Ratings on Friday revised the outlook on Netherlands-based The Rompetrol Group N.V. (TRG) to stable from negative while affirming its... more
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UniCredit: Greek Euro Exit Unlikely To Hit Romania Too Hard
today, 17:00
A potential exit of Greece from the eurozone is unlikely to have a significant impact on the Romanian economy, a senior official of Italy’s... more
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Allianz-Tiriac’s Underwritten Premiums Down 10% In 1Q, To RON230M today, 14:18
Romanian insurer Allianz-Tiriac’s underwritten life and non-life insurance premiums fell 10% on the year in the first quarter to 230 million lei... more
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Leu Gains Vs Euro, Exchange Rate At 4.4421 today, 13:23
Romania’s leu strengthened below 4.45 per euro around noon Friday and the central bank’s reference gained modestly to 4.4421 units, from 4.4435... more
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Unicredit Head: We Have To Decide Whether To Join Euro In 2015 Or Start The De-Euroization Of Economy today, 00:00
The target for adopting the euro in 2015 acts as an anchor for macroeconomic balances, but it needs to be reconfirmed because at present it... more
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Romanians Withdraw RON100 Billion From ATMs In One Year today, 00:00
Withdrawals from cash points exceeded 100 billion lei (almost EUR23 billion) between April 2011 and March 2012, five times the payments by card to... more
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Should The Economy Adjust To An Exchange Rate Of RON4.5 Per Euro? today, 00:00
The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting non-performing loans... more
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Leu Dips Vs Euro On Low Volumes
yesterday, 17:11
Romania’s leu weakened slightly against the euro amid low volumes Thursday and closed at 4.444/4.446 units, from 4.4385/4.44 units a day earlier. more
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Romania Sells RON699M 5-Year Bonds At 6.15% Average Yield
yesterday, 15:38
Romania’s Finance Ministry on Thursday sold 698.5 million lei (EUR157 million) in five years bonds, slightly above the planned amount, at an... more
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Radu Ghetea Reconfirmed As Head Of Romanian Banking Association yesterday, 15:21
The Romanian Banking Association confirmed president Radu Ghetea for a fifth consecutive three-year term, the association said in a statement... more
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Porsche Finance Group Issued Funding Worth EUR33M In 1Q 2012
yesterday, 14:27
Porsche Finance Group on Thursday announced it had granted funding worth a total EUR33 million in the first three months of the year, up 27% on the... more
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Leu Exchange Rate Firms Slightly To 4.4435 Vs Euro yesterday, 13:34
Romania’s leu lost its earlier gains versus the euro by midday Thursday, but the central bank’s reference strengthened modestly to 4.4435... more
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ING: Romanian Leu To Trade At 4.5 Vs Euro In 2H yesterday, 12:55
Romania’s leu will likely weaken to 4.5 against the euro in the second half of the year, according to estimations from ING Bank, which sees the... more
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Leu Opens Up Vs Euro On Low Volumes
yesterday, 10:54
The Romanian leu strengthened against the euro in early trade Thursday, after several sessions in which it lost significant ground and the central... more
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Real Estate Financing: Harder To Get, More Risks To Take yesterday, 01:00
Banks are still reluctant to lend to real estate investors, so developers have to take more risks if they want to continue their projects and... more
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Fitch Sees Romania GDP Growth At 1.6% In 2012, Mirroring CEE Performance 05.16.2012
Romania's economic growth is likely to slow down to 1.6% in 2012, from 2.5% a year earlier, in line with the general evolution forecast for the... more
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Leu Recoups Vs Euro, In Line With Region
05.16.2012
Romania’s leu recovered earlier losses against the euro in late trade Wednesday, tracking the currencies in the region, and closed modestly... more
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Romania Approves Taking Out EUR1B Loan From World Bank 05.16.2012
The Romanian government approved taking a EUR1 billion precautionary loan from the World Bank to be used in case of emergency, Prime Minister... more
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Insurer Carpatica Asig Has New Management Team
05.16.2012
Marian Mirzac and Cosmin Angheluta, former executive managers of Romanian insurer Astra Asigurari, were appointed general manager and deputy... more
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Former Sales Director Of Platinum Asigurari Appointed Commercial Director Of FATA Asigurari
05.16.2012
Dan Stoian, former sales director at Romanian insurer Platinum Asigurari, has been appointed commercial director of FATA Asigurari, according to... more
Romanian carmaker Dacia said Thursday it will launch two new car models, five-seat car Dokker and commercial vehicle Dokker VAN, in the
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Agricultural seeds producer KWS, a company with EUR0.9 billion in revenues from worldwide operations, has already run out of the corn
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Bunge, one of the largest vegetable oil producers in Romania, got the Competition Council’s approval to take over the oil plant in
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The Muntmarks were among the first people to set their eyes on the wind power three years before Romania became a EU member and now one
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Romania fell one notch to fourth place in a ranking of the most attractive destinations for private equity funds in Central and Eastern
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Despite the freeze caused by the heavy snowfall and the govenrment change, the economy remained constant in the first quarter compared
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Businessman Dan Sucu, who controls the Mobexpert business, worth around EUR113 million last year, says he was surprised by the good
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Vouchers for the clunkers scheme are traded on the market at prices ranging between RON2,600 and RON3,000, three times more than in
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Spanish developer Heliotech and its Romanian partner Solar Systems will develop a solar power project worth over EUR55 million in
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Ford Europe completed the EUR675 million investments in the plant in Craiova six months ahead of schedule and began production of the
moreInterview
ArcelorMittal Galati CEO: Productivity Must Increase, The Good Old Days Won't Return
Limits are only in our minds, and if the bad news is that it is tough out there right now and the good old days will not be back, there is also good news. This is but part of the philosophy of Bruno Ribo, the new chief executive of the ArcelorMittal steel plant in Galati, Romania.
