24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Leu’s Exchange Rate Hits 3-Week Low Of 4.3395 Vs Euro
The Romanian leu continued to trade in a narrow range against the euro by midday Friday, while the central bank’s reference weakened for the fourth consecutive day to 4.3395 units, the lowes...
Fitch Affirms Rompetrol Group At ‘B+’ With Stable Outlook
Fitch Ratings has affirmed its ‘B+’ long-term credit corporate rating on Dutch-registered Rompetrol Group, with stable outlook, saying it expects the oil company will continue to rely on fin...
Leu Steady Vs Euro In Early Action
The Romanian leu traded in narrow ranges against the euro Friday morning, amid a quiet market.
OMV Petrom To Invest EUR90M In Oprisenesti Field Redevelopment
Romania’s largest oil and gas group OMV Petrom (SNP.RO) plans to invest about EUR90 million by the end of this year to redevelop its Oprisenesti oil field in the eastern county of Braila, th...
Romanian Armax Gaz 1Q Sales Fall 24% On Year
Romanian oil and gas equipment producer Armax Gaz Medias (ARAX.RO) Thursday reported a 24% drop in first-quarter sales to 13.6 million lei (EUR3.1 million), from roughly RON18 million in the...
Enel Sees RON503M Profit From Electricity Distribution In Romania
Italy’s utility Enel estimates its electricity distribution subsidiaries in Romania will post an aggregate net profit of 503 million lei (EUR116 million) in 2013, up 7.5% on the year.
Leu Closes Slightly Lower Vs Euro In Dull Trade
Romania’s leu inched lower against the euro Thursday, closing slightly below 4.34 to the euro, amid a quiet market.
CE Oltenia Expects 67% Jump In 2013 Profit
Romanian state-run energy holding Oltenia estimates its full-year profit will rise 67% to 151.2 million lei (EUR35 million) in 2013, from RON90.4 million predicted for last year.
Nuclearelectrica Expects Strong Profit Rise In 2013
Romanian state-owned power producer Nuclearelectrica Thursday said it expects a significant higher profit this year, helped by growing revenues and improved cost-control management.
Romania Sells RON500M 5-Year Bonds At 4.44% Average Yield
Romania’s Finance Ministry on Thursday sold a planned 500 million lei (EUR115.3 million) of five-year bonds at an average yield of 4.44% a year, marginally lower than at the previous auction...
Titan Sales Rise 14% On Year In October 2012-March 2013
Romanian milling and bakery company Titan (MPN.RO) Thursday said its sales advanced 14.4% to 160 million lei (EUR35.9 million) in the six months ended March 31, from roughly RON140 million i...
Leu Down Vs Euro, Exchange Rate At 4.3375
The Romanian leu retreated against the euro by midday Thursday and the central bank’s reference depreciated for a third straight session to 4.3375 units, from 4.3344 units Wednesday.