27 feb 2014

The Romanian leu rose against the euro in the first half of the trading session Thursday and the central bank’s reference strengthened 0.2% to 4.5034 units, from 4.5144 units a day earlier. more

26 feb 2014

The Romanian leu retreated slightly against the euro Wednesday, amid a calm market, which had no immediate reaction to the ruling coalition’s split-up following tensions between the liberals and more

26 feb 2014

A Socialist-led government following the withdrawal of the Liberal Party from the Romanian ruling coalition could be prone to fiscal experiments, endangering the country’s loan programs with the more

26 feb 2014

Romania may delay the sale of a 15% stake in state-run energy holding CE Oltenia until the second half of the year pending an assessment of the company’s coal reserves, general manager Laurentiu more

26 feb 2014

Romanian President Traian Basescu on Wednesday said he will sign the country’s latest letter of intent to a EUR4 billion loan program with the International Monetary Fund and the European Union, more

26 feb 2014

The rupture of the Romanian ruling coalition was inevitable and should have limited impacts on the financial markets, Austria’s Erste Group Bank AG said Wednesday. more

26 feb 2014

Romania’s leu was rather stable against the euro during early trading hours Wednesday, showing limited reaction to the Liberal Party’s decision to withdraw from the ruling coalition. more

26 feb 2014

Insolvency company Euro Insol has been reinstated as judicial administrator of Romanian state-run hydropower producer Hidroelectrica after the latter was court-ordered into re-entering reorganization more

25 feb 2014

Hidrolectrica went insolvent again after Court of Appeals ruled in favor of several energy traders which appealed the decision of the company's former legal administrator of not acknowledging RON1.3 more

25 feb 2014

Romania’s consolidated budget posted a surplus of 1.5 billion lei (EUR228 million) in January, equal to 0.23% of the gross domestic product, Finance Ministry data showed. more

25 feb 2014

Romania’s natural gas transmission network is outdated and must be upgraded to allow increased flows from the Black Sea fields, state-run gas transporter Transgaz (TGN.RO) said Tuesday. more

25 feb 2014

The Romanian leu depreciated modestly against the euro Tuesday and closed at 4.512/4.5145 units, after a calm session with low traded volumes. more

25 feb 2014

ExxonMobil Exploration and Production Romania invested so far $500 million in its Black Sea block run jointly with OMV Petrom and expects the figure will double before the parties reach a decision more

25 feb 2014

Romania’s economy is likely to expand at an annualized pace of 2.3% in 2014 and to accelerate to 2.5% in 2015, largely fueled by domestic consumption and investments, according to European more

25 feb 2014

Romania is nowhere near becoming a natural gas El Dorado, even if it were to capitalize on its yet untapped shale gas and hydrocarbon deposits, tax and consultancy firm PwC Romania said Tuesday. more

25 feb 2014

Romania’s Finance Ministry on Tuesday raised a planned 60 million lei (roughly EUR13.3 million) at a supplementary non-competitive tender for its June 2019-dated bond reopened yesterday. more

25 feb 2014

The Romanian leu retreated against the euro by midday Tuesday and the central bank’s reference weakened 0.16% to 4.5173 units, erasing yesterday’s gains. more

25 feb 2014

OMV Petrom’s chief Mariana Gheorghe says the employees were the drivers behind the company’s record EUR1 billion profit in 2013 and sees no reason other Romanian businesses cannot report similar more

24 feb 2014

Romanian investment fund Fondul Proprietatea (FP.RO) Monday said it has received regulatory approvals to lower its share capital by 240.3 million lei (EUR53.3 million) to approximately RON13.54 more

24 feb 2014

Raiffeisen Bank Romania plans a bond issue of up to 500 million lei (EUR110.8 million) this year, pending approval from its shareholders at a meeting due March 28. more

24 feb 2014

Romania’s leu edged higher against the euro in a quiet market Monday to finish the session near 4.51 units, amid low volumes. more

24 feb 2014

Romania’s Finance Ministry raised 440.3 million lei (EUR97.6 million) at a five-year bond sale Monday, below the planned amount, with the average yield rising to 5.1% a year, central bank data more

24 feb 2014

The Romanian leu showed little movement against the euro in the first half of the trading session Monday and the central bank’s reference strengthened slightly to 4.5101 units, from 4.5173 units in more

24 feb 2014

Romanian OMV Petrom Gas, a unit of the country’s largest oil and gas group OMV Petrom (SNP.RO), last week sold natural gas worth 8.5 million lei (EUR1.88 million) on the national commodities more

24 feb 2014

Romania’s state-run lender EximBank Monday said its net profit rose fourfold on the year to around 50 million lei (EUR11.3 million) in 2013, on higher revenue from lending. more