24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Romania Seeks Investors For 1,000MW Hydropower Plant
Romania’s government is searching for investors to finance the construction of a 1,000-megawatt hydropower plant in Tarnita-Lapustesti, a project valued at EUR1.2 to EUR1.4 billion, minister...
Germany’s E.ON Opens Business Service Center In Cluj-Napoca
German utility E.ON Tuesday opened a new business service center in Cluj-Napoca, northwest Romania, which will provide mostly accounting services to the group’s global units.
Leu Exchange Rate Climbs To 8-Month High Of 4.4106 Vs Euro
Romania’s leu edged lower versus the euro by midday Tuesday, but the central bank’s reference strengthened 0.26% on the day to 4.4106 units, the highest rate since April 30, 2012.
Leu Dips Vs Euro On Rising Volumes
Romania’s leu recovered part of its earlier losses against the euro in late trade Wednesday and closed slightly weaker on the day, amid growing volumes.
BT Leasing Borrows EUR10M From EBRD To Finance SMEs
The European Bank for Reconstruction and Development on Wednesday said it has provided a EUR10 million loan to BT Leasing, a subsidiary of Romanian bank Banca Transilvania, for onlending to...
Dacia To Halt Production For Two Days In January
Romanian carmaker Dacia, owned by France's Renault, will suspend production for two days on January 3-4 to avoid overstocking, the carmaker said in a statement Wednesday.
Romanian Banks May Book Extra RON3B Provisions For Bad Loans
Romanian lenders may have to make additional loan-loss provisions of some 3 billion lei (over EUR600 million) following a reevaluation of their loan guarantees, according to market sources.
Leu Down Vs Euro, Exchange Rate At 4.4778
Romania’s leu weakened against the euro by midday Wednesday, amid growing demand for hard currency, and the central bank’s reference lost 0.2% on the day to 4.4778 units, from a three-month...
Romania Extends Expiration Date Of Preference Shares In Electrica Units
Romania’s government Tuesday has extended until December 2013 a privatization clause allowing the employees of power producers Electrica Moldova and Electrica Oltenia to buy stakes of up to...
Hidroelectrica Sold EUR106M Worth Of Electricity Since It Went Insolvent
Romania’s insolvent power producer Hidroelectrica Tuesday sold 108.4 million lei (EUR24.3 million) worth of electricity on the local market OPCOM, the company said in a statement.
Romania Delays Again Key Privatizations; Timeframe Moved To December 2013
Romania’s government has extended by yet another year the deadline by which it plans to sell minority stakes in key state-run companies, according to a draft executive decision approved Tues...
Leu Ends Slightly Higher Vs Euro In Quiet Trade
Romania’s leu gained modestly versus the euro Tuesday and closed slightly below 4.47 units, after a calm session.