23 dec 2011

Romania’s leu lost earlier gains versus the euro in late trade Friday and closed flat on the day at 4.2945/4.296 units, amid low volumes. more

23 dec 2011

Romania's IT&C Ministry has selected audit and advisory firm KPMG Romania for the evaluation of the state-run postal company Posta Romana in view of privatization, the ministry said Friday. more

23 dec 2011

Maintaining a prudent fiscal policy in the medium term and evidence of accelerating economic growth may prompt a positive revision of Romania’s sovereign ratings in the future, Moody’s Investors more

23 dec 2011

Romania’s leu continued its rally against the euro by midday Friday and the central bank’s reference strengthened for the sixth day in a row to 4.2912 units, the highest rate in three months. more

23 dec 2011

A Bucharest Court’s ruling to cancel several decisions taken by the shareholders of Romanian investment fund Fondul Proprietatea (FP.RO), including the appointment of Franklin Templeton as sole more

22 dec 2011

ArcelorMittal Tubular Products Holding, the tubular products arm of the world’s largest steelmaker ArcelorMittal, will invest 370 million lei (EUR86 million) in the capital stock of its Romanian more

22 dec 2011

Romanian state-run coal mining company Compania Nationala a Huilei (CNH) will transfer its non-viable mines to the national tax authority ANAF in exchange for having its debt to the consolidated more

22 dec 2011

Romanian agricultural machinery producer Mecanica Ceahlau (MECF.RO) Friday said its net profit more than tripled to 7.27 million lei (EUR1.7 million) in 2011, fueled by higher sales, according to the more

22 dec 2011

The European Commission is urging the Romanian government to step up the deregulation of natural gas and electricity, recommending the authorities develop a trading exchange in the gas market, similar more

22 dec 2011

Romania’s leu advanced against the euro in late trade Thursday and closed 0.2% stronger on the day at 4.295/4.297 units, amid slightly lower volumes. more

22 dec 2011

Italy’s UniCredit estimates Romanian annual inflation rate will reach 4.5% in December 2012, outside the central bank’s target range of 2%-4%, because of a negative effect of food prices. more

22 dec 2011

The Romanian central bank (BNR) will leave unchanged its minimum reserve requirements imposed on commercial lenders over the next months to fend off inflationary risks and possible pressures on the more

22 dec 2011

Romania’s Finance Ministry on Thursday sold 405 million lei (EUR94.16 million) in 10-year treasury bonds, above the planned amount, while the average yield fell to 7.25% a year. more

22 dec 2011

Romania is likely to draw funds from its precautionary loan agreement with the International Monetary Fund in 2012 because of scarce capital inflows, while other countries in central and eastern more

22 dec 2011

The European Bank for Reconstruction and Development Thursday said it will extend a 30 million lei (some EUR7.8 million) loan to water utility company Aqubis SA to improve water services in more

22 dec 2011

Intesa Sanpaolo Bank Romania increased its share capital by 323 million lei (EUR75 million) to RON814.1 million, in a move to strengthen the bank’s position on the market, the bank said in a more

22 dec 2011

The challenges faced by Romanian banks in adopting the international accounting laws will not stop with the adoption date on January 1, because the international norms are subject to continuous more

22 dec 2011

Romania’s leu traded in tight ranges against the euro by midday Thursday and the central bank’s reference strengthened to 4.3011 units, a new record high since end-September. more

21 dec 2011

Romanian government Wednesday authorized the Finance Ministry to sell at auction its carbon credits granted by the Kyoto committee, the executive said in a statement. more

21 dec 2011

Romania’s leu strengthened against the euro Wednesday and closed 0.15% higher on the day at 4.3055/4.306 units, amid declining volumes. more

21 dec 2011

The Romanian central bank should pursue a cautious monetary policy to fend off possible pressures on the leu and renewed capital outflows, an official of the International Monetary Fund told MEDIAFAX. more

21 dec 2011

Romanian banking system remains rather balanced, despite some deleveraging from parent banks, and it is highly unlikely that one of the lenders should collapse, an official of the International more

21 dec 2011

The European Bank for Reconstruction and Development Wednesday said it will extend a EUR8.8 million loan to public utility company Dunarea SA Braila to improve water services in Braila county, more

21 dec 2011

Romania’s leu extended early gains versus the euro by midday Wednesday and the central bank’s reference strengthened roughly 0.2% to 4.3045 units, the highest rate since end-September. more

21 dec 2011

Romania’s leu is bound to strengthened by 3% against the euro over the next few weeks as local lenders prepare to transition to international accounting standards and will be exchanging euros to put more