24 iun 2014

Romanian central bank deputy governor Bogdan Olteanu said Tuesday that lending activity should start to recover as banks need to replenish their reserves following a balance-sheet cleanup and make more

23 iun 2014

The initial public offering of 51% in state-run energy company Electrica SA has been fully subscribed two days before the completion date, while Bucharest-listed stocks closed slightly higher in a more

23 iun 2014

Romania’s leu advanced modestly against the euro in late trade Monday to finish the session at 4.3925/4.393 units, from 4.3941/4.396 units in the previous day. more

23 iun 2014

Romania's unemployment rate inched down to 4.91% in May, from 5.13% a month earlier, data from the country’s employment agency ANOFM showed Monday. more

23 iun 2014

Romanian private healthcare provider Gral Medical on Monday said its first-half turnover rose 18% to 47 million lei (EUR11.4 million), helped by a 35% increase in the oncology segment. more

23 iun 2014

Romanian Vice-Premier Liviu Dragnea said Monday that the Industrial and Commercial Bank of China has agreed to finance the construction of two additional reactors at the country’s nuclear power more

23 iun 2014

Romania’s Finance Ministry on Monday raised a planned 200 million lei (EUR45.48 million) in a reopening of its 10-year bond due April 2023, at an average yield of 4.5% a year, lower than at the more

23 iun 2014

The Romanian leu moved in a tight range against the euro by midday Monday and the central bank set a reference rate for the local currency of 4.3971 units, marginally weaker from 4.3958 units in the more

20 iun 2014

Fitch Rating on Friday affirmed its ratings on Romanian lender UniCredit Tiriac Bank and Banca Transilvania (TLV.RO), the rating agency said in a statement. more

20 iun 2014

Romania’s leu closed flat against the euro Friday, after a quiet session, during which it traded in a narrow range. more

20 iun 2014

Romanian insolvent companies owe an estimated EUR25 billion in overdue debt to the state, local banks and to other companies, the Romanian Banking Association, or ARB, said Friday. more

20 iun 2014

The Romanian leu was stable against the euro by midday Friday and the central bank set the leu’s reference rate at 4.3958 per euro, little changed from 4.397 per euro in the previous session. more

20 iun 2014

Romania’s Minister for SMEs and Tourism Florin Jianu on Friday said the ministry is considering using the conceptual model of industrial parks to create tourist parks, which will offer similar more

19 iun 2014

Romanian realty developer Impact Developer&Contractor seeks to raise 80 million lei (EUR18.2 million) via a bond issue due for launch tomorrow, the company Thursday. more

19 iun 2014

Romania’s leu closed slightly stronger versus the euro Thursday, tracking the currencies in the region, as investors’ appetite grew stronger after the US Federal Reserve said the world’s largest more

19 iun 2014

Romanian businessman Ion Tiriac plans to sell his 45.06% stake in UniCredit Tiriac Bank to Italy’s banking group UniCredit Spa, the majority shareholder of the Romanian lender, people familiar with more

19 iun 2014

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) has allotted a budget of 666 million lei (EUR151.5 million) for its exploration program in 2014, general manager Virgil Metea said more

19 iun 2014

Romania’s target date for joining the euro area seems economically unrealistic and is based on political and strategic rationales, the president of the country’s Fiscal Council Ionut Dumitru said more

19 iun 2014

Romania’s Finance Ministry sold a planned 500 million lei (EUR113.7 million) in six months treasury bills Thursday, with the average yield falling to 2.07% a year, close to an all-time low of 2% more

19 iun 2014

Romania needs additional fiscal measures besides a recently introduced levy on special constructions to compensate for the lower social security tax rate and be able to continue to reduce its budget more

19 iun 2014

The Romanian leu moved in narrow ranges against the euro by midday Thursday and the central bank’s reference gained 0.16% to 4.397 units, amid a positive sentiment in the region after the US central more

19 iun 2014

KMG International NV, a unit of Kazakhstan’s state-run KazMunayGas, is asking for upfront payment for fuel deliveries to Ukraine, amid growing economic instability in the country following tensions more

19 iun 2014

Romanian investment fund Fondul Proprietatea (FP.RO) sold dollar-denominated global depositary receipts, or GDRs, in state-run natural gas producer Romgaz Medias (SNG.RO) worth 212.12 million lei more

18 iun 2014

Romania’s leu advanced slightly against the euro in late trade Wednesday to finish the session flat at 4.398/4.4 per euro, amid declining volumes. more

18 iun 2014

The Romanian government Wednesday approved a five-percentage point cut in the social security tax, in a move aimed at lowering the burden on labor and stimulating investments, the Finance Ministry more