29 ian 2014

Shopping center operator Cocor Bucuresti (COCR.RO) on Wednesday said it has swung to a pretax profit of 13.8 million lei (EUR3.1 million) in 2013, versus losses a year earlier, helped by higher more

29 ian 2014

Romanian state-run energy holding CE Oltenia will take out a EUR130 million loan from the European Bank for Reconstruction and Development to co-finance upgrade works at one of its electricity more

29 ian 2014

Romanian power supplier CEZ Distributie, a unit of Czech utility group CEZ, last year invested some 400 million lei (EUR88.5 million) in upgrading its local electricity network infrastructure and more

29 ian 2014

The Romanian leu extended its earlier gains versus the euro by midday Wednesday, mirroring the currencies in the region, and the central bank’s reference strengthened 0.3% to 4.5188 units, from more

29 ian 2014

Romanian insolvent chemical company Oltchim SA (OLT.RO) has extended by two months until March 28 the deadline by which potential buyers can file bids to purchase the company’s assets. more

28 ian 2014

Romanian discount retailer Profi on Tuesday dismissed rumors about a potential deal with Poland’s largest retail chain Biedronka to sell its local network. more

28 ian 2014

Romania’s Finance Ministry on Tuesday raised 30 million lei (EUR6.62 million) at a supplementary non-competitive tender for its April 2023-dated bond reopened yesterday. more

28 ian 2014

Romanian new passenger car sales fell for the sixth consecutive year in 2013, hurt by growing demand for used vehicles and by a decline in the purchasing power, the Automotive Manufacturers and more

27 ian 2014

Bucharest shares finished Monday’s session lower, tracking European markets, with the bulk of the trading volume covered by financial and energy stocks. more

27 ian 2014

Romania’s gross borrowing requirement is estimated at EUR13.2 billion in 2014, equal to 8.9% of the gross domestic product, a report from Fitch Ratings showed Monday. more

27 ian 2014

Romania will likely select in February a partner for the construction of its planned 1,000-megawatt hydropower plant in Tarnita-Lapustesti, Minister-delegate for Energy Constantin Nita said Monday. more

27 ian 2014

Romania’s Finance Ministry on Monday raised a planned 500 million lei (EUR110.1 million) in a reopening of its 10-year bond due April 2023, at an average yield of 5.32% a year, slightly higher than more

27 ian 2014

Romanian state-run hydropower generator Hidroelectrica selected a consortium comprising local brokerage Raiffeisen Capital&Investment and US lender Morgan Stanley to assist with its planned public more

27 ian 2014

The Romanian leu retreated modestly against the euro by midday Monday and the central bank’s reference weakened 0.3% to 4.54 units, the lowest rate in two weeks. more

24 ian 2014

Romania’s nuclear power producer Nuclearelectrica (SNN.RO) has lodged a legal complaint against the energy watchdog ANRE for forcing the company to sell electricity to households at regulated more

24 ian 2014

The Romanian leu weakened to 4.55 against the euro in the second half of Friday’s session, amid a negative sentiment in the region, but recovered shortly after to finish the day near 4.53 per euro, more

24 ian 2014

The Romanian government may forbid cash transactions for purchasing cars, homes and land, regardless of their value, and plans to introduce fines of up to 20% of the deal’s value for both the buyer more

24 ian 2014

Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), reported a net profit of around 370 million lei (EUR81.7 million) in 2013, sources at the bank said Friday. more

24 ian 2014

Romanian industrial equipment manufacturer Uzuc Ploiesti (UZC.RO) plans to take out a EUR5 million loan to purchase the operating assets of paper maker Somes Dej (SMS.RO), Uzuc said Friday. more

24 ian 2014

The Romanian leu continued to hover near 4.53 to the euro for the tenth consecutive session Friday and the central bank’s reference set a reference rate of 4.528 per euro, virtually unchanged on the more

24 ian 2014

Romania and Turkey on Friday re-launched the idea of building an underwater electric cable between the two countries, saying the current level of electricity prices and the available technology could more

23 ian 2014

Romanian commercial banks reported an aggregate net profit of 497 million lei (EUR109.7 million) in 2013, versus losses a year-earlier, as more than half of the active lenders ended the fiscal year in more

23 ian 2014

Romania’s leu closed at 4.53/4.531 to the euro after a calm session Thursday, with investors showing little interest in the local market. more

23 ian 2014

Romania’s Finance Ministry Thursday raised EUR278.7 million at its first euro-denominated bond sale of 2014, above the planned amount, at an average yield of 3.18% a year. more

23 ian 2014

Property financings may be included in the pool of assets used to secure covered bonds issued by Romanian commercial banks only up to 60% of the recalculated mortgage lending value, according to a more