24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Leu Exchange Rate Climbs To 4.5089 Vs Euro
Romania’s leu strengthened against the euro by midday Wednesday, in line with the currencies in the region, and the exchange rate advanced for the 11th session in a row to 4.5089 units, the...
Energy Holding Oltenia Mulls IPO To Raise EUR400M
Romania’s newly established energy holding Oltenia plans to sell 15% of its shares in Bucharest next year to raise EUR400 million, a director with the holding said Wednesday.
Foreigners’ Holdings In Proprietatea Fund Inch Higher In October
Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 57.67% in October, from 57.23% a month earlier, the fund said in a statement Tuesday.
BRD Net Profit Drops To RON10.4M In First 9 Months As Provisions Rise
Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Tuesday said its net profit fell 97.7% on the year to 10.38 million lei (EUR2.3 million) in the first n...
Leu Closes Up Vs Euro On Suspected Central Bank Intervention
Romania’s leu extended its earlier gains versus the euro in late trade Tuesday, helped by foreign currency sales from the central bank, and closed 0.2% stronger on the day at 4.513/4.515 to...
ANOFM: Jobless Rate Rises To 5.17% In October
Romania's unemployment rate rose slightly 5.17% in October, from 5.01% a month earlier, the country’s employment agency ANOFM said Tuesday.
UniCredit CAIB Securities To Shut Down By Year-end
Italy’s financial group UniCredit will shut down its Romanian brokerage unit UniCredit CAIB Securities, most likely by the end of the year, the Romanian firm said Tuesday.
Raiffeisen Bank: Real Convergence To Eurozone May Take Up To 30 Years
Romania might need 20 to 30 years to converge in real terms to the euro area, even if the nominal process lasts considerably less, an official of Raiffeisen Bank Romania said Tuesday.
Leu Exchange Rate Firms To New 6-Week High Of 4.5171 Vs Euro
Romania’s leu advanced against the euro by midday Tuesday and the central bank’s reference strengthened for the 10th consecutive session to a new six-week high of 4.5171 units, from 4.5209 u...
Leu Ends Modestly Higher Vs Euro In Quiet Trade
Romania’s leu lost some of its earlier gains versus the euro in late trade Friday, but closed slightly stronger on the day, at 4.528/4.529 to the euro.
Hidroelectrica Sells RON25M Worth Of Electricity, Below Target
Romania’s insolvent power company Hidroelectrica has raised just 24.8 million lei (EUR5.4 million) at its electricity auctions this week, well below target, after it was forced to cancel a b...
Erste: Romania EUR1.5B Eurobond To Ease Pressure On Local Yields
Romania’s recent successful bond sale in international markets will more than cover the country’s financing needs for the reminder of the year and will allow the Finance Ministry to issue ad...