24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
IMF Team To Visit Romania Around January 10
Joint teams from the International Monetary Fund, the EU and the World Bank will come to Bucharest around January 10 to review Romania’s progress under a EUR5 billion loan agreement and disc...
UniCredit: Romania Needs More Reforms To Fuel GDP Growth
Romania needs more structural reforms to accelerate economic growth and a new loan agreement with the International Monetary Fund could help strengthen political will to implement difficult...
Hidroelectrica Obtains Big Debt Relief From German-Austrian Consortium
Romania’s insolvent power producer Hidroelectrica has obtained a significant debt reduction from one its main creditors, the Voith Hydro-Andritz Hydro German-Austrian consortium, the energy...
Leu Exchange Rate Hits New 3-Month High Of 4.4672 Vs Euro
Romania’s leu moved in a tight range against the euro by midday Tuesday, while the central bank’s reference strengthened marginally to a fresh three months high of 4.4672 units, from 4.4675...
SIF Oltenia Declines To Participate In BCR’s Capital Boost
Romanian regional investment fund SIF Oltenia (SIF5.RO) has decided not to contribute to a 501 million lei (EUR110 million) capital increase at lender Banca Comerciala Romana, or BCR, the fu...
OMV Petrom Starts 3D Shallow Water Seismic Survey In Black Sea
Romania’s dominant oil and gas group OMV Petrom (SNP.RO) has started its first 3-D seismic campaign in the shallow water sector of Neptun block in the Black Sea, the company said in a statem...
Leu Inches Higher Vs Euro On Rising Volumes
Romania’s leu lost part of its earlier gains versus the euro in late trade Monday, but closed slightly stronger on the day, amid above-average volumes.
APIA: Car Sales Down 25% To 66,834 Units In Jan-Nov
Romanian new passenger car sales fell 24.9% on the year to 66,834 units in January to November, from 89,032 units in the year-earlier period, the Automotive Manufacturers and Importers Assoc...
Romania Sells RON1.1B 1-Year Bills At 6.24% Average Yield
Romania’s Finance Ministry raised 1.08 million lei (EUR241 million) at a one-year bills auction Monday, above the planned amount, at an annual average yield of 6.24%, lower than at the previ...
Hidroelectrica Expects EUR6M From Carbon Trading
Romania’s insolvent energy producer Hidroelectrica estimates it will raise EUR6 million from selling greenhouse gas allowances power companies can use to offset their emissions.
Romania 3Q Labor Costs Rise At 2nd Fastest Pace In EU
Total hourly labor costs in the Romanian economy rose 7.2% on the year in July through September, the second largest increase in the European Union, official data showed Monday.
BCR Plans To Fire 1,600 Staff Amid Restructuring
Romania’s leading bank group Banca Comerciala Romana (BCR) will lay off 1,600 employees over the next 12 to 18 months and will close over 60 local units, as part of a larger cost-cutting str...