21 feb 2014

The Romanian leu fluctuated within a narrow band against the euro in thin volumes Friday to finish the session flat at 4.515/4.5165 to the euro. more

21 feb 2014

Romanians pay the highest social security contributions in the Central and Eastern Europe, a report from the World Bank showed Friday. more

21 feb 2014

A little over 2,000 companies went out of business in Romania last month, down 14.5% compared with January 2013, data from the Trade Registry showed Friday. more

21 feb 2014

The Romanian leu stayed in a narrow range against the euro in the first half of Friday’s session and the central bank set a reference rate for the local currency of 4.5173 units, slightly stronger more

21 feb 2014

Romanian hydropower producer Hidroelectrica received no bids at an auction Friday, during which it sought to sell electricity worth 21.17 million lei (EUR4.68 million), energy exchange data showed. more

21 feb 2014

Romania’s leu traded just below 4.52 to the euro during early hours Friday, amid low volumes. more

20 feb 2014

The Bucharest stocks closed lower Thursday, tracking the markets in the Central and Eastern Europe, but trading volume rose to a three-month high following deals with shares in investment funds SIF more

20 feb 2014

Italy’s renewable energy development company Energiaprima is considering building solar parks with a total capacity of 200 megawatts in Romania, an investment estimated at around EUR310 million. more

20 feb 2014

Romania’s Finance Ministry Thursday raised a planned EUR200 million in a reopening of its January 2019-dated Eurobond, at an average yield of 3.3% a year, slightly higher than at the previous more

20 feb 2014

Radu Ghetea will be dismissed as head of Romania’s state-run CEC Bank, Prime Minister Victor Ponta said Thursday. more

20 feb 2014

The rest of Romania not so much, the central bank chief says more

20 feb 2014

Romania’s leu depreciated against the euro by midday Thursday, amid political tensions at home and mounting violence in Ukraine, and the central bank’s reference weakened 0.7% to 4.5239 units, the more

20 feb 2014

Romanian state-run power grid operator Transelectrica (TEL.RO) is willing to invest over EUR1 billion in expanding its network, but the company’s development strategy is tightly linked to the more

19 feb 2014

Romania’s central bank has ordered commercial lenders to take corrective action in response to customer complaints about time deposits that, upon maturity, hold less money than initially deposited. more

19 feb 2014

Romanian state-run natural gas producer Romgaz Medias (SGN.RO) plans to sell around 563,000 megawatt hours of electricity on the local energy exchange OPCOM in a bid to raise 106.96 million lei (EUR24 more

19 feb 2014

The Romanian leu retreated against the euro by midday Wednesday and the central bank’s reference weakened to 4.4916 units, from 4.4873 units in the previous session. more

19 feb 2014

The European Bank for Reconstruction and Development has extended a EUR5 million credit line to Spain’s Roquet Hydraulics which will be used to co-finance the development of a greenfield plant in more

19 feb 2014

Romania’s planned new excise tax on fuels will likely trigger a 1% to 3% annual decline in local fuel sales, OMV Petrom’s chief executive Mariana Gheorghe said Wednesday. more

19 feb 2014

Romania’s leu weakened against the euro in early action Wednesday, tracking the currencies in the region which fell following escalating conflicts between protesters and police in the Ukrainian more

19 feb 2014

Romania’s largest oil and gas company OMV Petrom (SNP.RO) expects domestic demand for natural gas and electricity will remain subdued this year, after declining 8% and 5% year-on-year in 2013, more

19 feb 2014

Ford Motor Co. will suspend production for eight days at its Romanian plant during the March-April period because of weak market demand for its B-Max model, the company said Wednesday. more

19 feb 2014

Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 22% to a record 4.82 billion lei (EUR1.07 billion) in 2013, fueled by favorable crude oil prices and lower costs. more

18 feb 2014

Bucharest shares closed slightly higher Tuesday, with energy stocks gaining ground after key players posted upbeat earnings for 2013. more

18 feb 2014

Romania’s energy watchdog ANRE may order around a quarter of local cogeneration producers to return hundreds of millions lei in premiums received over the past three years, following an inquiry into more

18 feb 2014

Romanian new passenger car sales rose 15.6% to 3,855 vehicles in January from the year-earlier month, the Automotive Manufacturers and Importers Association, or APIA, said Tuesday. more