1 aug 2014

Romania’s leu opened down against the euro in thin volumes Friday morning, amid growing demand for foreign currency from corporate and bank investors. more

1 aug 2014

Arrivals at Romanian tourism accommodation establishments rose 5.1% in the first half from the year-earlier period, while overnight staying increased 6.4% on the year, data from the statistics more

1 aug 2014

Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Friday said its net profit doubled on the year to 123 million lei (EUR27.83 million) in the first half, helped more

31 iul 2014

Romania’s largest bank Banca Comerciala Romana, or BCR, is carrying talks to sell a second batch of non-performing loans following the successful sale of a NPL package worth about EUR230 million in more

31 iul 2014

The Romanian leu depreciated against the euro amid a negative sentiment in the region Thursday to finish the session at 4.4265 to the euro, or 0.6% weaker on the day. more

31 iul 2014

The Bucharest Stock Exchange on Thursday said the cumulated weight of five Romanian listed companies included in the MSCI (Morgan Stanley Composite Index) Frontier Markets 100 Index is set to increase more

31 iul 2014

Foreign shareholders injected an aggregate EUR990 million in 38 companies with operations in key industries in Romania during the first six months of the year, Trade Registry data showed Thursday. more

31 iul 2014

Romania’s upcoming budget revision fails to present sustainable measures to offset the low fiscal collection in the first half of the year or the planned reduction of the social security tax rate, more

31 iul 2014

The Romanian leu extended its earlier losses against the euro by midday Thursday, following the currencies in the region, while the central bank’s reference fell for the third session in a row to more

30 iul 2014

OTP Bank Romania on Wednesday signed an agreement with Portugal’s Millennium bcp to purchase the latter’s local subsidiary for a total sum of EUR39 million. more

30 iul 2014

Romanian state-run natural gas producer Romgaz (SNG.RO) on Wednesday rejected a proposal to introduce a variable payment system for its board of directors and executive managers based on the more

30 iul 2014

The Romanian leu closed flat at 4.4 to the euro amid growing volumes Wednesday, after a quiet session during which it traded in a narrow band. more

30 iul 2014

The Romanian leu stayed near 4.4 to the euro in the first half of the trading session Wednesday and the central bank’s reference weakened for the second straight day to 4.4025 units, from 4.3955 more

30 iul 2014

The Bucharest Stock Exchange on Wednesday said it won’t charge any fees for the transactions conducted on the primary market by the Finance Ministry for government securities sold exclusively to more

30 iul 2014

Romanian realty developer Impact Developer&Contractor has raised a little over 80 million lei (EUR18.2 million) in a public stock offering to its shareholders ended July 29, the bookrunner on the deal more

29 iul 2014

Romania’s state-run energy company Termoelectrica has sold several assets, including its thermal power plant in Doicesti, to European Energy Communications SRL for 60.89 million lei (EUR13.8 more

29 iul 2014

Romania’s consolidated budget posted a deficit of 3.47 billion lei (EUR789 million) in the first six months of 2014, equal to 0.5% of the gross domestic product, Finance Ministry data showed. more

29 iul 2014

Romania’s leu extended its earlier losses against the euro in late trade Tuesday to finish the session at 4.402 units, weaker from 4.389 units a day earlier. more

29 iul 2014

Romanian regional investment fund SIF Oltenia (SIF5.RO) approved a dividend payment of 92.83 million lei (EUR21.12 million) from the 2013 net profit, the company said in a stock exchange filling after more

29 iul 2014

Romania has made some progress in its combat against money laundering, but further steps are needed to strengthen the independence of its anti-money laundering institutions and to improve the overall more

29 iul 2014

Romania’s largest thermal power producer ELCEN and Japanese Marubeni Corporation on Tuesday signed an agreement setting up a joint venture for the development of a 250MW gas-powered plant in more

29 iul 2014

Portugal’s largest listed bank Millennium bcp has booked a provision of EUR34 million for anticipated losses on the planned sale of its Romanian subsidiary, the bank said in its financial report more

29 iul 2014

The Romanian leu retreated against the euro by midday Tuesday, tracking the currencies in the region, and the central bank’s reference weakened 0.2% to 4.3955 units, from a three-week high of 4.3873 more

29 iul 2014

Romania’s Finance Ministry plans to raise EUR250 million in a reopening of its January 2019 Eurobond at a local auction scheduled for August 11, the ministry said Tuesday. more

28 iul 2014

Garanti Group Romania, a subsidiary of Turkey’s second largest bank Garanti Bankasi, Monday said its consolidated net profit fell 15% to EUR16.9 million in the first half, from EUR19.8 million a more