Senior Editor
Bogdan Neagu
- Fields
- Capital Market, Macroeconomics, Banks-Insurance
- Writing for ZF since
- 2011
- Articles
- 1.841
BNR: Romania FDI Down 17.3% To EUR1B In First Half
Romanian foreign direct investment, or FDI, fell to EUR1.01 billion in January to June, down 17.3% on the year, preliminary central bank data showed Thursday.
Romania's Current Account Gap Narrows To EUR2.6B In 1H
Romania's current account deficit narrowed 28.6% to EUR2.6 billion in the first six months, from a gap of EUR3.6 billion in the year-earlier period, due to lower trade deficit and higher tra...
Transelectrica Switches To Net Profit Of RON178.6M In 1H
Romanian national electricity transporter Transelectrica (TEL.RO) Thursday reported a first-half net profit of 178.63 million lei (EUR41.8 million), compared with a loss of RON58.16 million...
Vrancart To Borrow EUR6M From UniCredit Tiriac Bank
Shareholders of Romanian paper and cellulose producer Vrancart Adjud (VNC.RO) Wednesday approved the contracting of a loan worth EUR6 million from UniCredit Tiriac Bank, for financing a prod...
Romaero Plans To Take EUR3.5M Loan
Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) plans to borrow 15 million lei (EUR3.5 million) to finance current operations and refinance loans taken between...
Dafora's Net Profit Falls To RON2.9M In First Half
Romanian oil drilling and construction company Dafora Medias (DAFR.RO) Wednesday reported a net profit of 2.9 million lei (EUR0.68 million) for the first year-half, down almost 60% from RON7...
Bucharest Shares Close Up 3%, SIFs Buck Trend
Bucharest-listed shares kept some of the early gains and closed up 3% Wednesday, recovering part of the loss in the previous sessions, but the regional investment funds (SIFs) fell in the la...
Oltchim Puts 1,025 Employees On Furlough In August
Romanian state-run chemical producer Oltchim Ramnicu-Valcea (OLT.RO) Tuesday said it will put 1,025 employees (about 30% of its workforce) on furlough until the end of August, due to lack of...
Bucharest Stocks Tumble After US Rating Downgrade
The Bucharest bourse nose-dived Monday, driven by corrections on international markets, after Standard&Poor’s cut US debt rating from triple-A to AA+ at the end of last week.
ECDC: Asmita Gardens Sold No Units In Second Quarter
Developers of 800-apartment compound Asmita Gardens in Bucharest sold no units during the second quarter, as construction site operations are still suspended, according to a report of Europe...
Bucharest Stocks Open Lower, Proprietatea Touches New All-Time Low
Romanian shares opened down Monday, continuing the past week’s trend, but later recouped part of the early loss in line with the foreign markets.
Leu Loses Vs Euro In Quiet Market
The Romanian leu lost ground against the euro in early trade Monday, in a quiet market, as investors are cautiously reacting at Standard & Poor’s decision to downgrade the US rating to AA+.