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Florentina Dragu

Translator RO-EN

Fields
Capital Market, Banks-Insurance, Energy
Writing for ZF since
0201
Articles
6.106
Leu’s Exchange Rate Hits 2-Month Low Of 4.4348 Vs Euro
Capital Market

Leu’s Exchange Rate Hits 2-Month Low Of 4.4348 Vs Euro

The Romanian leu fell against the euro in the first half of the trading session Wednesday, amid higher volumes, and the central bank’s reference weakened 0.4% to 4.4348 units, the lowest rat...

Florentina Dragu · 16.07.2014 · 13:28 · 1 min
Bucharest Stocks Slide On Negative International Sentiment
Capital Market

Bucharest Stocks Slide On Negative International Sentiment

The Bucharest stocks closed slightly lower Tuesday, ending a two-day rally amid a negative sentiment in the region.

Florentina Dragu · 15.07.2014 · 19:00 · 1 min
Romgaz's Board, Executive Managers To Receive Variable Pay Based On Share Performance
Energy

Romgaz's Board, Executive Managers To Receive Variable Pay Based On Share Performance

Romania’s Energy Department and investment fund Fondul Proprietatea (FP.RO), the two largest shareholders in natural gas producer Romgaz SA (SNG.RO), propose the company’s board of directors...

Florentina Dragu · 15.07.2014 · 16:30 · 1 min
Romania Raises RON75M In Non-competitive Bond Sale
Banks-Insurance

Romania Raises RON75M In Non-competitive Bond Sale

Romania’s Finance Ministry on Tuesday raised a planned 75 million lei (EUR16.97 million) at a supplementary non-competitive tender for its June 2019-dated bond reopened yesterday.

Florentina Dragu · 15.07.2014 · 13:37 · 1 min
Leu Stable Vs Euro, Exchange Rate At 4.4175
Capital Market

Leu Stable Vs Euro, Exchange Rate At 4.4175

The Romanian leu traded just below 4.42 to the euro in the first half of the trading session Tuesday and the central bank’s reference appreciated slightly to 4.4175 units, from 4.4193 units...

Florentina Dragu · 15.07.2014 · 13:36 · 1 min
Proprietatea Fund 1H Net Profit Rises To Record RON1.06B
Capital Market

Proprietatea Fund 1H Net Profit Rises To Record RON1.06B

Romanian investment fund Fondul Proprietatea (FP.RO) Tuesday said its net profit almost doubled to a record level of 1.064 billion lei (EUR240 million) in the first half of the year, followi...

Florentina Dragu · 15.07.2014 · 13:35 · 1 min
BRCI Authorized To Expand Supervisory Council Roster
Banks-Insurance

BRCI Authorized To Expand Supervisory Council Roster

The Romanian central bank has authorized the recently created bank Banca Romana de Credite si Investitii, or BRCI, to increase the membership of its Supervisory Council to five people from t...

Florentina Dragu · 15.07.2014 · 13:09 · 1 min
Bucharest Stocks Close Higher In Quiet Market
Capital Market

Bucharest Stocks Close Higher In Quiet Market

The Bucharest stocks closed higher for the second consecutive session Friday, amid a quiet market.

Florentina Dragu · 14.07.2014 · 18:46 · 1 min
SIF Oltenia 1H Profit Falls To RON60M
Capital Market

SIF Oltenia 1H Profit Falls To RON60M

Romanian regional investment fund SIF Oltenia (SIF5.RO) Monday said its net profit fell 30% to 60.1 million lei (EUR13.6 million) in the first half, from RON90.5 million in the year-ago peri...

Florentina Dragu · 14.07.2014 · 18:38 · 1 min
Rompetrol Sells Environmental Services Unit To Oil Depol Service
Energy

Rompetrol Sells Environmental Services Unit To Oil Depol Service

Romania’s second largest oil group Rompetrol plans to sell its in environmental services unit Ecomaster to Oil Depol Service, a local company that provides industrial and environmental clean...

Florentina Dragu · 14.07.2014 · 14:43 · 1 min
Romania Sells RON500M 5-Year Bonds At 3.3% Average Yield
Banks-Insurance

Romania Sells RON500M 5-Year Bonds At 3.3% Average Yield

Romania’s Finance Ministry on Monday raised a planned 500 million lei (EUR113.1 million) in a reopening of its five-year bond due June 2019, at an average yield of 3.3% a year, lower than at...

Florentina Dragu · 14.07.2014 · 13:50 · 1 min
Leu’s Exchange Rate Slides To 4.4193 Vs Euro
Capital Market

Leu’s Exchange Rate Slides To 4.4193 Vs Euro

The Romanian leu recovered slightly against the euro by midday Monday, but the central bank’s reference weakened for the fifth consecutive session to 4.4193 units, from 4.4179 units a day ea...

Florentina Dragu · 14.07.2014 · 13:42 · 1 min