31 mar 2014

Romania’s Finance Ministry plans to sell state treasuries worth 4.33 billion lei (EUR971 million) in April, up from RON2.84 billion raised a month earlier, ministry data showed Monday. more

31 mar 2014

Romania’s leu edged higher against the euro by midday Monday, but the central bank’s reference weakened modestly to 4.4553 units, from 4.4514 units in the previous session. more

28 mar 2014

Romanian central bank governor Mugur Isarescu on Friday said the last of the “Big Three” credit-rating agencies which is yet to promote the country to investment grade will probably wait until at more

28 mar 2014

Romanian insolvent chemical company Oltchim SA (OLT.RO) hasn’t received any bids for its assets by the Friday deadline, the company’s judicial administrators said in a statement. more

28 mar 2014

Romania’s leu lost part of its earlier gains versus the euro in late trade Friday, but finished the session slightly stronger, amid above-average volumes. more

28 mar 2014

Romania’s central bank has suspended the voting rights of four more shareholders in commercial lender Banca Comerciala Carpatica (BCC.RO) after finding they have been acting in concert with Ilie more

28 mar 2014

Italy’s lender Intesa Sanpaolo on Friday announced it will reassess its presence in Romania after posting losses of EUR37 million on the local market in 2013, almost 50% wider on the year. more

28 mar 2014

The Romanian leu rose against the euro by midday Friday and the central bank’s reference gained 0.5% on the day to 4.4514 units, the strongest rate since December 2. more

28 mar 2014

Romania’s central bank left its key rate unchanged at a record low of 3.5% Friday, ending an eight-month long monetary easing cycle, amid higher inflationary pressures. more

27 mar 2014

Romanian dominant oil company OMV Petrom (SNP.RO) expects its net profit will fall 18.6% to 3.93 billion lei (EUR878 million) in 2014, hurt by lower sales, the company said in its revenue and more

27 mar 2014

Romania’s leu advanced modestly against the euro Thursday to finish the session just shy of 4.47 units, amid growing volumes. more

27 mar 2014

Romanian state-run natural gas producer Romgaz Medias (SNG.RO) on Wednesday recommended paying out a gross dividend of 2.57 lei (EUR0.574) a share for 2013, down 7.15% from a year earlier. more

27 mar 2014

Romania’s Finance Ministry Thursday sold a planned 500 million lei (EUR111.7 million) in one-year treasury bills, at an average yield of 2.88% a year, higher than at the previous auction. more

27 mar 2014

Non-performing loans in Romania should fall below 17% of total once banks will be allowed to include state treasuries in their portfolios, central bank deputy governor Bogdan Olteanu said Thursday. more

27 mar 2014

The European Bank for Reconstruction and Development will extend a EUR20 million loan to Portuguese renewable energy company EDP Renovaveis for construction works and operation of six solar parks more

27 mar 2014

Interest rates on leu-denominated loans are expected to continue their decline in the coming months, provided the economic fundamentals remain unchanged, Romanian central bank’s deputy governor more

27 mar 2014

The Romanian leu partly recovered against the euro by midday Thursday, but the central bank’s reference weakened 0.2% to 4.4749 units, ending a seven-day winning streak. more

27 mar 2014

Raiffeisen Bank International (RBI) reported profit after taxes of EUR100 million in Romania in 2013, up 15.8% from EUR86 million a year earlier, due to lower income taxes, according to the bank's more

26 mar 2014

The International Monetary Fund has completed the first two reviews of Romania’s economic performance under a two-year precautionary loan agreement, enabling the disbursement of an additional amount more

26 mar 2014

Romania’s leading oil and gas company OMV Petrom (SNP.RO) will transfer part of its support services to a newly established service center which will provide support services to both Petrom and more

26 mar 2014

Romania’s leu retreated against the euro in late trade Wednesday, amid increased demand for foreign currency, and finished the session slightly weaker at 4.472/4.475 per euro. more

26 mar 2014

The natural gas pipeline linking Romania to neighboring Bulgaria will likely be operational in June, one year later than initially expected, Bulgaria’s Energy Minister Dragomir Stoynev said more

26 mar 2014

The Romanian central bank is doubting that capping interchange fees for card payments will translate into lower shelf prices of consumer goods, considering the population’s increased appetite for more

26 mar 2014

The Romanian leu recovered against the euro by midday Wednesday and the central bank’s reference firmed to a fresh seven-week high of 4.4637 units, from 4.4693 units a day earlier. more

26 mar 2014

Romania’s planned reduction of interbank fees will hurt some of the largest financiers in the local economy and will likely hinder investment in the banking infrastructure, the head of the Romanian more