24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Leu Recovers Vs Euro In Quiet Market
Romania’s leu strengthened against the euro in a quiet session Tuesday, recovering some of yesterday’s losses, and closed 0.3% higher on the day at 4.38/4.382 units.
Hidroelectrica Eyes Selling EUR35M Worth Of Electricity
Romania’s insolvent energy producer Hidroelectrica plans to sell 768,000 megawatt-hours of electricity on the local energy exchange OPCOM in a bid to raise EUR35 million.
Leu Exchange Rate Strengthens Slightly To 4.3853 Vs Euro
Romania’s leu moved in a narrow range versus the euro by midday Tuesday, while the central bank’s reference strengthened modestly to 4.3853 units, from 4.3877 units a day earlier.
IMF Sees Modest Growth In Romania In 2013, Urges More Action
Romania’s economy is expected to post a modest growth of around 1.5% in 2013, after zero or very low growth a year earlier, an official of the International Monetary Fund said Tuesday.
IMF: Romanian Loan Deal Neither On Track Nor Off
Romania has missed some of the fiscal targets assumed under a EUR3.6 billion loan agreement with the International Monetary Fund, but the government is taking corrective actions to achieve i...
Leu Inches Higher Vs Euro In Early Trade
Romania’s leu edged higher against the euro in early action Tuesday and traded slightly below 4.39 to the euro, amid higher foreign currency sales from non-residents.
Romania Has No Money For Cernavoda Project, Econ Min Says
Romanian Economy Minister Varujan Vosganian said Monday that the government has insufficient resources to finance key projects in the energy sector, including the long-delayed construction o...
Leu Ends Down Vs Euro Amid Higher FX Demand
Romania’s leu retreated against the euro Monday, amid growing demand for foreign currency, and closed 0.7% weaker on the day at 4.394/4.395 units.
Transgaz Public Offering Will Be Launched By Mid-April
Romania plans to launch a secondary public offering of 15% in state-run natural gas transporter Transgaz (TGN.RO) by mid-April, according to the country’s latest letter of intent to a EUR3.6...
IMF OKs In Principle Extension Of Romania EUR3.6B Loan Program
The International Monetary Fund has agreed in principle to a two-month extension of Romania’s EUR3.6 billion precautionary loan agreement due for completion in late April, Romanian Prime Min...
BNR Raises Repo Cap To RON9B. Demand Reaches Record High
Romania’s central bank capped its repurchasing operation for the 17th consecutive time Monday, but raised the repo ceiling to 9 billion lei (EUR2.06 billion), from RON6 billion a week earlie...
Romania To Sell Majority Stake In CFR Marfa By Mid-May
Romania’s government has pledged to sell a majority stake in state-run freight rail company CFR Marfa by mid-May, with the deal to be complete once “all conditions in the sale-purchase agree...