9 feb 2012

Romania’s leu opened slightly lower against the euro Thursday and traded in narrow ranges in the first part of the session, tracking regional currencies. more

9 feb 2012

Romania’s trade deficit widened slightly to EUR9.72 billion in 2011, from EUR9.53 billion a year earlier, the country’s statistics institute INS said Thursday. more

8 feb 2012

Romania’s leu recovered against the euro in late trade Wednesday, helped by growing foreign currency sales, and closed slightly higher on the day at 4.3495/4.3525 units. more

8 feb 2012

Fitch Ratings Wednesday affirmed the long-term issuer default ratings of Romanian UniCredit Tiriac Bank at 'BBB+', while revising its outlook to negative from stable, the ratings agency said in a more

8 feb 2012

Romania must sell bonds on international markets on a regular basis to increase its credibility and avoid potential ugly moments when “blood-thirsty” markets go after desperate governments, more

8 feb 2012

Romania shouldn’t seek a new financial agreement with the International Monetary Fund once the current one ends in 2013, because it would send a negative signal to the markets, central bank governor more

8 feb 2012

Romania’s leu traded near 4.355 per euro by midday Wednesday and the central bank’s reference weakened to 4.354 units, from 4.3483 units a day earlier. more

8 feb 2012

Bucharest shares opened higher amid rising volumes Wednesday, tracking international markets amid optimism that Greece will finally reach a much-awaited deal to cut its huge debt. more

8 feb 2012

Romania’s leu opened flat against the euro and traded in tight ranges in a quiet Wednesday morning, amid low volumes. more

8 feb 2012

Romanian power output inched up 1.6% on the year to 23.45 million tons of oil equivalent in 2011, on higher production in most sectors, official data showed Wednesday. more

8 feb 2012

Romanian industrial new orders rose 13.4% on the year in 2011, boosted by increases in all sectors, the country’s statistics institute INS said Wednesday. more

8 feb 2012

Romanian industrial sales rose 15.6% in 2011 from a year earlier, fueled by increases in all sectors, the country’s statistics institute INS said Wednesday. more

7 feb 2012

Romanian central bank governor Mugur Isarescu Tuesday warned commercial lenders that their policy to increase interest rates on deposit facilities in a move to reduce their dependency on foreign more

7 feb 2012

Romania’s leu weakened against the euro Tuesday, unlike its peers in the region, and closed 0.25% lower on the day, amid uncertainties regarding the formation of a new government after center-right more

7 feb 2012

Canadian-owned Benevo Capital Tuesday said it has paid EUR23 million for a plot of land belonging to power equipment maker Vulcan (VULC.RO), a company owned by Romanian businessman Ovidiu Tender. more

7 feb 2012

Romanian economy was severely hit by a sharp decline in foreign investments after 2008 and the poor absorption rate of European structural funds has only deepened the country’s recession, central more

7 feb 2012

Hungarian drug maker Gedeon Richter Tuesday said its Romanian sales declined 5.6% to EUR129.6 million in 2011, hurt by weak wholesale and retail activity. more

7 feb 2012

Replacing the government of a country can be a stressful factor for the financial markets, but if resolved swiftly, it may be easily digested by investors, central bank governor Mugur Isarescu said more

7 feb 2012

Romania’s leu edged lower against the euro by midday Tuesday and the central bank’s reference weakened to 4.3483 units, from 4.342 units a day earlier. more

7 feb 2012

Romania's central bank Monday revised upward its forecast on the year-end inflation to 3.2% in 2012, from 3%, citing less favorable base effects than previously estimated. more

6 feb 2012

Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 53.48% in January, from 51.5% a month earlier, the fund said in a statement Monday. more

6 feb 2012

Romanian government’s resignation is bound to impact the local financial markets on the short term, leaving the country more vulnerable to contagion from the eurozone unless the situation is quickly more

6 feb 2012

Romania’s leu recouped part of its losses against the euro in late trade Monday, tracking the currencies in the region, and closed modestly higher on the day at 4.343/4.344 units, unfazed by the more

6 feb 2012

Romania’s fiscal and economic program agreed with the International Monetary Fund and the European Commission is unlikely to be affected by the government’s resignation and will remain on track at more

6 feb 2012

Romanian government’s resignation shouldn’t drive borrowing costs higher, as long as the country remains committed to its economic and fiscal adjustment program agreed with foreign lenders, an more