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24658

Florentina Dragu

Translator RO-EN

Fields
Capital Market, Banks-Insurance, Energy
Writing for ZF since
0201
Articles
6.106
Energy

Romgaz Rejects Variable Payment For Board Members, Executive Management

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...

Florentina Dragu · 30.07.2014 · 18:26 · 1 min
Leu Closes Flat Vs Euro In Quiet Session
Capital Market

Leu Closes Flat Vs Euro In Quiet Session

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.

Florentina Dragu · 30.07.2014 · 17:10 · 1 min
Leu’s Exchange Rate Dips For 2nd Day To 4.4025 Vs Euro
Capital Market

Leu’s Exchange Rate Dips For 2nd Day To 4.4025 Vs Euro

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....

Florentina Dragu · 30.07.2014 · 13:52 · 1 min
Bucharest Stock Exchange: Won’t Charge Fees For Government Bonds Aimed To Population
Capital Market

Bucharest Stock Exchange: Won’t Charge Fees For Government Bonds Aimed To Population

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 exclusivel...

Florentina Dragu · 30.07.2014 · 13:17 · 1 min
Impact Raises RON80M In Capital Offering
Capital Market

Impact Raises RON80M In Capital Offering

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 o...

Florentina Dragu · 30.07.2014 · 12:50 · 1 min
Termoelectrica Sells Doicesti Power Plant, Other Assets For RON61M
Energy

Termoelectrica Sells Doicesti Power Plant, Other Assets For RON61M

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...

Florentina Dragu · 29.07.2014 · 18:40 · 1 min
Romania 1H Budget Deficit Narrows To 0.5% Of GDP
Macroeconomics

Romania 1H Budget Deficit Narrows To 0.5% Of GDP

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...

Florentina Dragu · 29.07.2014 · 17:15 · 1 min
Leu Closes Down Vs Euro, Attuned To Region
Capital Market

Leu Closes Down Vs Euro, Attuned To Region

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.

Florentina Dragu · 29.07.2014 · 17:14 · 1 min
SIF Oltenia Pays RON92.8M Dividend From 2013 Profit
Capital Market

SIF Oltenia Pays RON92.8M Dividend From 2013 Profit

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 fil...

Florentina Dragu · 29.07.2014 · 16:44 · 1 min
European Council: Romania To Step Up Efforts Against Money Laundering
Social/Politics

European Council: Romania To Step Up Efforts Against Money Laundering

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 th...

Florentina Dragu · 29.07.2014 · 15:45 · 1 min
ELCEN, Marubeni Corp. Set Up JV For 250MW Power Plant In Romania
Energy

ELCEN, Marubeni Corp. Set Up JV For 250MW Power Plant In Romania

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...

Florentina Dragu · 29.07.2014 · 15:01 · 1 min
Portugal’s Millennium Books EUR34M Impairment Charge On Romanian Unit Sale
Banks-Insurance

Portugal’s Millennium Books EUR34M Impairment Charge On Romanian Unit Sale

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 re...

Florentina Dragu · 29.07.2014 · 14:37 · 1 min