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 13-Month High Of 4.3847 Vs Euro
The Romanian leu appreciated against the euro by midday Thursday and the central bank’s reference gained 0.2% to 4.3847 units, its strongest level since May 31, 2013.
RWE Opens Power Supply Unit In Romania, Targets Top 10 Position
German utility RWE AG has opened an electricity supply unit in Romania and aims to become one of the country’s top ten largest suppliers in the corporate segment.
Electrica's IPO Twice Subscribed; Retail Stake May Be Upped By 5%
The initial public offering of 51% in Romanian state-run energy company Electrica SA was twice subscribed, and the high number of bids received from retail investors has prompted the authori...
GDF Suez Energy Romania Acquires 57.2% In Congaz Constanta
GDF Suez Energy Romania has acquired 57.18% in natural gas distributor Congaz Constanta from E.ON Ruhrgas International and OMV Petrom (SNP.RO) and increased its stake in the company to arou...
Bucharest Stocks Close Slightly Higher; Eyes On Electrica
The Bucharest market closed up for the fourth consecutive session Wednesday, amid declining volumes as investors focused on the initial public offering of 51% in state-run energy company Ele...
ANRE: Households To Pay 2.5% More For Natural Gas Due To Higher Imports
The natural gas bill will increase by 2.5% for households and by 1.5% for corporate consumers as of July 1, because of higher import volumes from Russia, the Romanian energy watchdog ANRE sa...
Leu Ends Roughly Flat Vs Euro Ahead Of Electrica IPO Results
The Romanian leu showed little movement against the euro in a quiet market Wednesday, with investors waiting for state-run energy company Electrica to publish the results of an initial publi...
Romania: Illegal Tobacco Consumption Increases, KPMG Survey Shows
Cigarette smoking in Romania declined slightly in 2013 from a year earlier, but consumption of illicit tobacco continued to grow, costing the authorities more than EUR300 million in taxes, a...
CFR To Auction 35,523 Tons Of Scrap Iron
Romanian railway company CFR plans to sell 35,523 tons of scrap iron on the commodities exchange next month at a starting price of $335 a ton, the company said Wednesday.
BNR To Cut Reserve Requirements Tuesday - Sources
The Romanian central bank will lower the reserve requirements for foreign currency deposits at its next monetary policy meeting July 1, following a series of recent monetary easing policies...
Europe’s Low Bank Deposit Rates Could Lead To New Real Estate Boom
The low interest rates on bank deposits across Europe could prompt depositors to move their money into real estate assets, which in turn might lead to a new speculative property bubble, Roma...
Garanti Bank’s Bonds Admitted To Trading In Bucharest
Garanti Bank Romania, a subsidiary of Turkey’s second largest bank Garanti Bankasi, on Wednesday said its five-year unsecured bonds issued earlier this month were admitted to trading on the...