24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Leu Dips Vs Euro On Low Volumes
The Romanian leu edged lower against the euro in late trade Tuesday and finished the session slightly weaker on the day, amid low volumes.
Romania Central Bank Still Has Room To Cut Rates - Governor
Romania’s central bank still has “some” room to further lower its main interest rate, following four consecutive cuts this year, governor Mugur Isarescu said Tuesday.
BNR Cuts Key Rate By 25 Bps To Record Low Of 4%
Romania’s central bank Tuesday lowered its main monetary policy rate by 25 basis points to a new all-time low of 4% a year, in line with market expectations.
Romania Seeks New EUR1B Loan From World Bank Unit
Romania has asked for a new EUR1 billion development policy loan from the World Bank, part of a larger EUR4 billion program aimed at financing the country’s budget deficit, Finance Minister...
EBRD Acquired 1.9% Stake In Romgaz IPO
The European Bank for Reconstruction and Development has acquired a 1.9% stake in Romanian natural gas producer Romgaz for EUR50 million (about RON225.5 million), the lender said Tuesday.
Leu’s Exchange Rate Weakens To 4.4422 Vs Euro
The Romanian leu traded in narrow ranges against the euro by midday Tuesday and the central bank’s reference weakened slightly to 4.4422 units, from 4.4356 units a day earlier.
Romania Raises RON80M In Non-competitive Bond Auction
Romania’s Finance Ministry on Tuesday raised a planned 80 million lei (EUR18 million) at a supplementary non-competitive tender for its April 2023-dated bond reopened yesterday.
Cemacon, BCR Reach Agreement In Principle On Debt Restructuring
Romanian brick maker Cemacon (CEON.RO) on Tuesday said it has reached an agreement in principle with its main creditor, Banca Comerciala Romana (BCR), to restructure a EUR26.1 million loan p...
EC Sees Romania Economy Expanding 2.1% In 2014
Romania’s economy is likely to expand 2.1% in 2014 and to accelerate to 2.4% in 2015, with growth drivers expected to switch from net exports to domestic demand, the European Commission said...
IMF: Romania To Take Steps To Boost Revenues, Accommodate Wider Deficit
Romania has committed to a series of economic and fiscal measures to increase revenues and accommodate a wider-than-expected budget deficit in 2014, an official of the International Monetary...
IMF: Romania 2013 GDP Growth Forecast Revised Slightly Up
The International Monetary Fund has revised slightly up its forecast on Romania’s economic growth to 2.2% in 2013, from 2% previously, citing a good harvest and better contribution from expo...
Leu Stable Vs Euro In Early Trade
Romania’s leu was stable against the euro Tuesday morning, trading near 4.44 to the euro in a quiet market and thin volumes.