17 feb 2012

Romanian natural gas producer Romgaz Medias Friday said its gas imports increased by 40% in the first half of the month to meet the growing demand following extremely cold temperatures. more

17 feb 2012

Romania’s leu traded near 4.355 per euro by midday Friday and the central bank’s reference weakened slightly to 4.3533 units, from 4.3497 units a day earlier. more

17 feb 2012

Romanian construction output rose 3.1% on the year in December, the eighth largest increase in the European Union, official data showed Friday. more

17 feb 2012

Romanian Prime Minister Mihai Ungureanu will appoint Cristian Sporis, head of the treasury department with Raiffeisen Bank, as the new deputy finance minister, people familiar with the matter said more

17 feb 2012

Officials of the International Monetary Fund and the European Commission will visit Romania on February 21 and February 22 to meet the new government and discuss recent economic developments and more

16 feb 2012

Romanian constructions company Concefa Sibiu (COFI.RO) Thursday said it will file for insolvency and expressed its intent to reorganize its activity. more

16 feb 2012

Romanian lender Banca Transilvania (TLV.RO) and five of its units Wednesday and Thursday sold a total stake of 4% in regional investment fund SIF Banat-Crisana (SIF1.RO) for around 30 million lei more

16 feb 2012

Romania’s leu edged lower against the euro in late trade Thursday, amid growing demand for foreign currency, and closed slightly weaker on the day at 4.353/4.355 units. more

16 feb 2012

Pharmaceuticals company Zentiva Romania (SCD.RO) Thursday said its net profit dropped 45% to 31.56 million lei (EUR7.4 million) in 2011, from RON57.4 million a year earlier. more

16 feb 2012

Romania’s Finance Ministry on Thursday sold 500 million lei (roughly EUR115 million) in five-year bonds, above the planned amount, at an average yield of 6.75% a year, lower than at the previous more

16 feb 2012

Romania’s leu traded near 4.35 per euro by midday Thursday and the central bank’s reference weakened slightly to 4.3497 units, from 4.3467 units a day earlier. more

16 feb 2012

Romania’s five regional investment funds (SIFs) reported combined net assets worth 6.26 billion lei (EUR1.5 billion) in January, down 1.8% from a month earlier. more

16 feb 2012

Garanti Group Romania reported a consolidated net profit of EUR8.3 million in 2011, the financial group said in a statement Thursday. more

15 feb 2012

Romania’s leu continued to trade in a tight range against the euro for the third day in a row Wednesday and closed flat on the day at 4.348/4.3495 units, at the end of a calm session. more

15 feb 2012

Romanian industrial equipment maker Comelf Bistrita (CMF.RO) Wednesday reported a net profit of 923,006 lei (EUR212,000) in 2011, up 77% from around RON521,000 a year earlier. more

15 feb 2012

Romanian engine manufacturer UCM Resita (UCM.RO) Wednesday said its net loss widened 37.7% to 87.9 million lei (EUR20.7 million) in 2011, from RON63.8 million in the previous year. more

15 feb 2012

Romanian farming machinery producer Mecanica Ceahlau (MECF.RO) reported a net profit of 7.5 million lei (EUR1.72 million) in 2011, over threefold higher from RON2.2 million in the previous year, the more

15 feb 2012

Romanian car parts maker Altur Slatina (ALT.RO) Wednesday said its net profit dropped to around 378,400 lei (EUR87,000) in 2011, from RON2.9 million a year earlier, despite higher sales. more

15 feb 2012

Romanian construction company Transilvania Constructii (COTR.RO) Wednesday said its net profit rose over fivefold on the year to 1.7 million lei () in 2011, boosted by a 21% increase in sales. more

15 feb 2012

Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) on Wednesday said its net profit dropped to 0.8 million lei (EUR0.19 million) in 2011, from RON11.7 million a year earlier, on lower sales. more

15 feb 2012

Romania’s leu was steady against the euro at midday Wednesday, while the central bank’s reference firmed marginally to 4.3467 units, from 4.3473 units a day earlier. more

15 feb 2012

Romania plans to launch a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO) early March, one of the brokers hired to help with the sale said Wednesday. more

15 feb 2012

Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Wednesday said its loss widened 20.9% on the year to 270 million lei (EUR63.7 million) in 2011, despite higher sales. more

15 feb 2012

Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, Wednesday said its net profit rose 7% to 15.5 million lei (EUR3.56 million) in 2011, from RON14.5 million in more

15 feb 2012

Romanian drilling company Dafora Medias (DAFR.RO) Wednesday said its net profit more than halved to 3.8 million lei (EUR0.87 million) in 2011, from RON8.1 million a year earlier. more