24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Romania Seeks New Ways To Increase Energy Independence As Nabucco Gets The Boot
Romania is focusing on new scenarios to increase its energy independence after the consortium developing a large Azeri oil field has rejected the proposed Nabucco pipeline route to transport...
Nuclearelectrica Shuts Down Nuke For Repairs
Romanian state-run nuclear power producer Nuclearelectrica will shut down the second reactor at its Cernavoda plant to repair a faulty switch, the company said in a statement Wednesday.
Leu Ends 1% Stronger Vs Euro On Rising Volumes
The Romanian leu gained 0.9% versus the euro Wednesday and closed at 4.4395/4.445 to the euro, amid higher euro sales and well-above-average volumes.
CEC Bank Gets EUR45M EIB Loan To Finance SMEs
The European Investment Bank Wednesday said it will lend EUR45 million to Romanian state-run CEC Bank to finance projects of SMEs, mid-caps and public sector institutions in various economic...
Ponta Says All IMF Criteria Met, Expects Program To End Successfully
Romanian Prime Minister Victor Ponta Wednesday said the government has resolved all remaining issues under a EUR3.6 billion loan agreement with the International Monetary Fund and the progra...
Leu’s Exchange Rate Hits 3-Week High Of 4.4161 Vs Euro
The Romanian leu widened its earlier gains versus the euro by midday Wednesday and the central bank’s reference strengthened 1.6% on the day to 4.4161 units, the highest rate in three weeks.
Stefan Bucataru Appointed New CEO Of Transelectrica
Stefan Gheorghe was dismissed as chief executive of Romanian power grid operator Transelectrica (TEL.RO) four months into his mandate, the company said in a statement Tuesday.
BNR: Export-Oriented Industries To Be Main Growth Drivers In 2013
Export-oriented sectors and the auto industry in particular will be main growth drivers in Romania this year, amid increasing demand in both EU and non-EU markets, central bank governor Mugu...
Bucharest Stocks End Down For Fifth Straight Day
The Bucharest stocks fell for the fifth consecutive day Tuesday amid low volumes, influenced by yesterday’s general decline in international markets.
Leu Ends Up Vs Euro On Growing Volumes
Romania’s leu strengthened against the euro Tuesday and closed at 4.48/4.481 per euro, amid rising volumes.
Romania Budget Deficit Shrinks To 1.05% Of GDP In First 5 Months
Romania’s consolidated budget posted a deficit of 6.56 billion lei (EUR1.46 billion) in the first five months of 2013, equal to 1.05% of the gross domestic product, Finance Ministry data sho...
BNR Injects RON577M Into Money Market
Romania's central bank Tuesday pumped 577.3 million lei (EUR128.6 million) into the money market via a six-day repurchasing agreement operation, at an interest rate of 5.25%, equal to the mo...