10 iun 2014

The Romanian leu showed little movement against the euro by midday Tuesday and the central bank’s reference strengthened marginally to 4.3916 units, a fresh record high in the past 10 months. more

10 iun 2014

Romania’s non-performing loans portfolio is estimated at some EUR1 billion in 2014, but potential sales of bad loans could reach up to EUR3 billion in the following year, an official at Deutsche more

10 iun 2014

Romanian state-owned energy producer Nuclearelectrica (SNN.RO) Sunday restarted the first reactor at its nuclear power plant in Cernavoda, following a 30-day scheduled overhaul, the company said in a more

10 iun 2014

Tackling the problem of rising non-performing loans by cleaning up the banks’ balance sheets will likely yield results as of 2015-2016, BCR chief executive Tomas Spurny said Tuesday. more

10 iun 2014

Getting rid of bad loans is a “necessary evil”, but bankers are not too enthusiastic to stack up new provisions for overdue loans to clean up their balance sheets, the head of the Romanian Banking more

10 iun 2014

Romania’s leu was stable against the euro during early trading hours Tuesday and traded near 4.388 to the euro, amid a quiet market. more

10 iun 2014

Romanian industrial new orders declined 8.5% on the month in April, due to lower demand in all sectors, the statistics institute INS said Tuesday. more

10 iun 2014

Romanian industrial sales fell 4.3% in April from a month earlier, on declining demand in all sectors, the country’s statistics institute INS said Tuesday. more

10 iun 2014

Romania’s trade deficit widened to EUR1.75 billion in the first four months of 2014, from EUR1.67 billion a year earlier, the country’s statistics institute INS said Tuesday. more

6 iun 2014

Romania’s leu inched higher against the euro in a quiet market Friday to finish the session modestly stronger on the day, amid low volumes. more

6 iun 2014

The Romanian leu moved in a tight range against the euro in thin volumes by midday Friday, but the central bank’s reference strengthened for the second straight day to 4.3918 units, a new record more

6 iun 2014

Romanian average net salary rose 1.7% to 1,735 lei (EUR394.6) in April, from RON1,706 a month earlier, the statistics institute INS said Friday. more

5 iun 2014

The Bucharest stocks closed mostly flat in thin volumes Thursday, amid a quiet market. more

5 iun 2014

Romania’s statistics institute INS estimates prostitution, illegal narcotics and contraband contribute around 0.2% to the local economy, a figure four times lower than in the United Kingdom, where more

5 iun 2014

Romanian retail sales fell 3.2% in April from a month earlier, the sharpest decline in the European Union, official data showed Thursday. more

5 iun 2014

Romania’s Finance Ministry sold a planned 800 million lei (EUR181.9 million) in one-year treasury bills Thursday, at an average yield of 2.52% a year, slightly higher than at the previous auction. more

5 iun 2014

The Romanian leu appreciated slightly against the euro by midday Thursday and the central bank’s reference won 0.2% to 4.3964 units, from 4.4063 units a day earlier. more

4 iun 2014

Romania doesn’t meet all the five criteria required to join the euro area, a report from the European Commission showed Wednesday. more

4 iun 2014

Romania’s natural gas transmission system operator Transgaz Medias (TGN.RO) must upgrade its pipeline network to be able to carry the gas extracted from the Black Sea blocks, OMV Petrom chief more

4 iun 2014

The Romanian leu slid against the euro amid growing volumes by midday Wednesday and the central bank’s reference weakened to 4.4063 units, from 4.3968 units a day earlier. more

4 iun 2014

The Bucharest Stock Exchange’s future replacement index for the BET-C composite will track the price evolution of 37 listed companies, the market operator said in a statement. more

4 iun 2014

The Romanian government will raise its budget deficit target for this year to 2.4% of the gross domestic product to allow for more spending on defense programs, Prime Minister Victor Ponta said more

4 iun 2014

Romanian housing construction rose 7.6% to 8,270 units in the first quarter from the year-earlier period, on higher activity in urban areas, the country’s statistics institute INS said Wednesday. more

4 iun 2014

Romanian net investments fell 7.4% to 11.23 billion lei (EUR2.55 billion) in the first quarter of 2014 from the year-earlier period, held back by falling activity in constructions and fewer more

4 iun 2014

Romanian economy grew 3.8% in the first quarter from the year-ago period, in line with previous estimations, largely fueled by industry and growing activity in the retail and IT&C sectors, the more