15 mar 2012

Romania’s Economy Ministry will use a two-stage privatization scheme to sell its 54.8% stake in state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), according to the privatization announcement more

15 mar 2012

Romania’s leu continued to retreat against the euro in late trade Thursday and hit the day’s low of 4.39 per euro, with dealers suspecting a covert intervention from the central bank to prevent more

15 mar 2012

Romanian lenders have unlocked loan loss provisions worth around 10 billion lei (EUR2.3 billion) following the adoption of the international financial reporting standards in January this year, more

15 mar 2012

Romania’s Finance Ministry on Thursday sold 1.03 billion lei (EUR235 million) in five-year bonds, double the planned amount, at an average yield of 6.29% a year, lower than at the previous auction. more

15 mar 2012

Romanian new passenger car sales fell 7.1% on the year to 8,015 units in the first two months, from 8,632 units in the year-earlier period, the Automotive Manufacturers and Importers Association, or more

15 mar 2012

Romania’s leu retreated against the euro by midday Thursday and the central bank’s reference weakened to 4.3672 units, the lowest rate in the past 21 months. more

14 mar 2012

Romanian oil and gas geophysical surveyor Prospectiuni (PRSN.RO) plans to borrow up to EUR4.2 million to purchase drilling equipment, the company said in a statement Wednesday. more

14 mar 2012

Romanian banks are too busy correcting their lending policy applied in the years prior to the global financial crisis to focus on new loans, central bank governor Mugur Isarescu said Wednesday. more

14 mar 2012

Romanian investment fund Fondul Proprietatea Wednesday said its net profit fell to 1.2 million lei (EUR0.27 million) in February, from RON3.7 million a month earlier. more

14 mar 2012

Romania’s leu weakened modestly against the euro for the second consecutive day Wednesday, tracking neighboring currencies, and closed above 4.365 units, amid slightly higher volumes. more

14 mar 2012

ArcelorMittal Galati, a unit of the world’s largest steelmaker ArcelorMittal, plans to buy 3.15 million megawatt hour of electricity on the Romanian power exchange OPCOM to sustain operations over more

14 mar 2012

Romanian regional investment find SIF Muntenia (SIF4.RO) estimates its pretax profit will drop by some 9% to 76 million lei (EUR17.4 million) in 2012, on lower revenues, according to the fund’s more

14 mar 2012

Romanian second largest oil group Rompetrol NV, a unit of Kazahstan’s KazMunayGas, has signed a five-year $200 million syndicated loan agreement with a consortium of banks led by Italy’s UniCredit more

14 mar 2012

The Romanian government will deregulate electricity tariffs for both industrial and household clients in several steps starting with this fall, as part of a stand-by loan agreement signed with the more

14 mar 2012

Romania’s leu traded near 4.36 per euro by midday Wednesday and the central bank’s reference lost a meager 0.08% on the day to 4.3608 units, from 4.3575 units Tuesday. more

14 mar 2012

Romania’s industrial production rose 2.1% on the year in January, the sixth biggest increase in the European Union, official data showed Wednesday. more

13 mar 2012

The Romanian government is analyzing whether it would be opportune to reschedule the sale of a minority stake in dominant oil company OMV Petrom (SNP.RO), following a failed attempt in 2011, the more

13 mar 2012

Romanian state-run power grid operator Transelectrica (TEL.RO) plans to invest over 1.1 billion lei (EUR250 million) between 2012 and 2014 to extend its network and build new units, the company said more

13 mar 2012

Romania’s leu edged lower against the euro in a sleepy session Tuesday, amid scarce volumes. more

13 mar 2012

The three brokers running a secondary public offering of 15% in Romanian power grid operator Transelectrica (TEL.RO) could receive up to 4.1 million lei (EUR0.95 million) for services rendered if the more

13 mar 2012

Romanian state-run power grid operator Transelectrica (TEL.RO) has set its secondary public offering price band at 14.9-19.2 lei (EUR3.41-EUR4.4) a share, the company said Tuesday. more

13 mar 2012

Romania’s leu traded below 4.36 per euro by midday Tuesday and the central bank’s reference weakened slightly to 4.3575 units, from 4.3558 units a day earlier. more

12 mar 2012

Romania’s leu edged lower against the euro in late trade Monday and closed at 4.357/4.358 units, amid low volumes. more

12 mar 2012

OTP Bank Romania, the local unit of Hungary’s financial group OTP, estimates its loan portfolio will increase by 7% to 9% in 2012, fueled by higher consumer loans and increased financing for small- more

12 mar 2012

Romania’s Finance Ministry on Monday sold 2.48 billion lei (EUR571 million) in one-year treasury bills, more than double the planned amount, at an average yield of 5.27% a year, lower than at the more