10 feb 2014

The Romanian leu advanced modestly against the euro by midday Monday and the central bank’s reference strengthened slightly to 4.4754 units, from 4.4824 units in the previous session. more

10 feb 2014

Romanian state-run nuclear power company Nuclearelectrica (SNN.RO) expects its net profit will fall sixteen-fold to 27.9 million lei (EUR6.23 million) in 2014, from a record profit of RON456.7 million more

7 feb 2014

The leu retreated against the euro in thin volumes Friday to finish the session at 4.478/4.481 to the euro, amid a quiet market. more

7 feb 2014

The Romanian leu depreciated against the euro by midday Friday, following the currencies in the region, and the central bank’ reference weakened for the second consecutive session to 4.4824 units, more

6 feb 2014

Romania’s leu weakened against the euro in a quiet market Thursday, closing at 4.472/4.474 to the euro. more

6 feb 2014

Romania’s Finance Ministry has rejected all bids at a 600 million lei (EUR134.3 million) 10-year bonds auction Thursday, citing high yields. more

6 feb 2014

Romanian government’s plan to limit cash transactions for both companies and population reminds of the proverb “the road to hell is paved with good intentions,” central bank’s governor Mugur more

6 feb 2014

Oil group Rompetrol has no plans to raise its $200 million offer to repurchase a 26.7% stake in its refining unit Rompetrol Rafinare (RRC.RO) from the Romanian state, the group’s Senior more

6 feb 2014

Romania’s second largest oil group Rompetrol plans to invest some $100 million in upgrading its local units and building new gas stations in 2014, a senior official said Thursday. more

6 feb 2014

Romania’s central bank Thursday revised upward its inflation forecast to 3.5% this year from 3% previously, citing upside pressure from higher excise duties and a newly announced tax on fuels. more

6 feb 2014

Romania’s leu moved in narrow ranges against the euro during early trading hours Thursday, tracking the currencies in the region. more

6 feb 2014

Romanian average net salary rose 6.7% to 1,760 lei (EUR370.3) in December, from RON1,650 a month earlier, largely boosted by one-time bonuses, the statistics institute INS said Thursday. more

6 feb 2014

Romanian industrial new orders increased 8.4% on the year in 2013, boosted by higher demand in most sectors, the country’s statistics institute INS said Thursday. more

6 feb 2014

Romanian industrial sales rose 4.7% in 2013 from a year earlier, fueled by higher demand of manufacturing items, the country’s statistics institute INS said Thursday. more

5 feb 2014

South-African investment fund New Europe Property Investment (NEP.RO) on Wednesday said its net profit attributable to stockholders rose 73.5% to EUR57.46 million in 2013, from EUR33.1 million a year more

5 feb 2014

Romania’s leu reversed its earlier gains versus the euro during late trading hours Wednesday and finished the session modestly weaker on the day, amid average volumes. more

5 feb 2014

The Romanian leu recovered against the euro by midday Wednesday and the central bank’s reference firmed for the seventh straight session to 4.556 units, the strongest rate since December 16. more

5 feb 2014

Romanian retail sales rose 5.9% in December from the year-earlier month, the third largest increase in the European Union, official data showed Wednesday. more

4 feb 2014

Romanian central bank’s chief Mugur Isarescu said Tuesday the government’s planned debt relief scheme to help troubled debtors could be a first step toward implementing a differentiated tax more

4 feb 2014

Romania’s planned fiscal measures aimed to help low- and medium-income borrowers repay their bank loans will speed up the repayment pace, but the package is not fair toward other categories of more

4 feb 2014

The International Monetary Fund expects Romania’s stimulus package for bank debtors will jump-start lending recovery and boost domestic consumption, Romanian Prime Minister Victor Ponta said more

4 feb 2014

The International Monetary Fund and the European Commission on Tuesday said Romania’s economic program under a EUR4 billion precautionary deal remains broadly on track amid signs of recovering more

4 feb 2014

Romania’s central bank Tuesday lowered its main monetary policy rate by a quarter of a point to a fresh all-time low of 3.5% a year, in line with market expectations. more

4 feb 2014

Millennium Bank Romania, a unit of Portugal’s largest listed bank Millennium bcp, reported a loss of EUR5.9 million in 2013, sharply narrower on the year, helped by higher income and declining more

4 feb 2014

Romania’s leu advanced against the euro Tuesday morning, tracking the currencies in the region as investor sentiment improved following last week’s selloff. more