29 feb 2012

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its latest hydrocarbon discovery in the Black Sea could reduce or altogether eliminate the country’s dependence on gas imports. more

28 feb 2012

The potential for hydropower projects in Romania is huge, but it cannot be reached without further investments, Environment Minister Laszlo Borbely said Tuesday. more

28 feb 2012

Romanian leu ended slightly higher against the euro amid low volumes Tuesday, in line with the currencies in the region. more

28 feb 2012

Romania’s low tariffs for energy consumers are taking a toll on companies’ financial resources, limiting new investments, said Adrian Borotea, corporate affairs manager with Czech utility CEZ. more

28 feb 2012

Romania has reopened a 10-year US dollar-denominated bond issue on the American market and set an initial price guidance of 6.5%, Finance Ministry data showed Tuesday. more

28 feb 2012

CEZ Romania, a unit of Czech power group CEZ AS, posted a 5% decline in sales to CZK9.5 billion (EUR383 million) in 2011, hit by lower revenue from distribution services and provisioning against more

28 feb 2012

Romanian state-run hydropower generator Hidroelectrica is considering launching a bond issue of around EUR200-EUR300 million as alternative financing to the traditional bank loans, general manager more

28 feb 2012

Romania’s leu edged higher against the euro by midday Tuesday and the central bank’s reference strengthened slightly to 4.348 units, from 4.3525 a day earlier. more

28 feb 2012

Romanian state-run hydropower generator Hidroelectrica estimates its net profit will rise up to 100 million lei (EUR23 million) in 2012, from roughly RON16 million a year earlier, as water levels are more

27 feb 2012

Romanian state-run power grid operator Transelectrica (TEL.RO) Monday said it has lifted a temporary ban on electricity exports imposed on local companies after freezing temperatures drove consumption more

27 feb 2012

Romania’s leu strengthened slightly against the euro Monday and closed at 4.35/4.3515 units, amid low volumes. more

27 feb 2012

Bank interest rates on Romanian leu-denominated loans are likely to enter a downward path in the coming months, but consumer confidence remains the main drive for lending growth, central bank deputy more

27 feb 2012

Romania’s Finance Ministry on Monday sold a planned 500 million lei (roughly EUR115 million) in six-month treasury bills, at an average yield of 5.22% a year, lower than at the previous auction. more

27 feb 2012

Romania’s largest bank by assets Banca Comerciala Romana (BCR) Monday said its private banking business rose 29% to over 2,000 customers at the end of 2011, with total assets under management worth more

27 feb 2012

Romania’s leu traded near 4.35 per euro by midday Monday and the central bank’s reference gained modestly to 4.3525 units, from 4.3535 units in the previous session. more

27 feb 2012

Romania's central bank Monday pumped 5 billion lei (EUR1.15 billion) into the market in a one week repurchase agreement operation at an interest rate of 5.5% a year, equal to the monetary policy rate. more

24 feb 2012

Romanian Prime Minister Mihai Ungureanu has appointed Cristian Sporis as the new deputy finance minister, in charge of the state Treasury. more

24 feb 2012

Romanian building materials producer COMCM Constanta (CMCM.RO) Friday reported a 2% decline in its sales to 29.3 million lei (EUR6.9 million) in 2011, from roughly RON30 million a year earlier. more

24 feb 2012

Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) Friday said its sales rose 17% to 148.7 million lei (EUR35.1 million) in 2011, from RON127 million a year earlier. more

24 feb 2012

Romania’s leu closed flat at 4.3535/4.356 against the euro amid low volumes Friday, after a quiet session. more

24 feb 2012

Romanian overdue private loans rose 4.5% on the month to 22.3 billion lei (EUR5.12 billion) in January, equal to 9.93% of the total lending, central bank data showed Friday. more

24 feb 2012

Romania’s financing needs are forecast at EUR17.2 billion in 2012, slightly lower on the year, but the government is likely to borrow an extra EUR800 million to set up a buffer for unforeseen more

24 feb 2012

ArcelorMittal, the world’s largest steelmaker, reported total sales of $931 million at its Romanian units in 2011, up 11% from $837 million in 2011. more

24 feb 2012

Romania’s leu retreated modestly against the euro by midday Friday, in line with the currencies in the region, but the central bank’s reference strengthened slightly to 4.3535 units, from 4.3557 more

23 feb 2012

Romania’s leu lost earlier gains versus the euro in late trade Thursday and closed flat on the day, amid an apathetic market. more