24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Ion Tiriac To Sell His 45% Stake In UniCredit Tiriac Bank To Mother Group
Romanian businessman Ion Tiriac plans to sell his 45.06% stake in UniCredit Tiriac Bank to Italy’s banking group UniCredit Spa, the majority shareholder of the Romanian lender, people famili...
Romgaz Announces EUR152M Exploration Program For 2014
Romanian state-run natural gas producer Romgaz Medias (SNG.RO) has allotted a budget of 666 million lei (EUR151.5 million) for its exploration program in 2014, general manager Virgil Metea s...
Fiscal Council: 2019 Target Date For Joining Euro ‘Unrealistic’
Romania’s target date for joining the euro area seems economically unrealistic and is based on political and strategic rationales, the president of the country’s Fiscal Council Ionut Dumitru...
Romania Sells RON500M 6-Month T-Bills; Yield Falls To 2.07%
Romania’s Finance Ministry sold a planned 500 million lei (EUR113.7 million) in six months treasury bills Thursday, with the average yield falling to 2.07% a year, close to an all-time low o...
Romania Needs More Fiscal Measures To Offset Social Security Cut
Romania needs additional fiscal measures besides a recently introduced levy on special constructions to compensate for the lower social security tax rate and be able to continue to reduce it...
Leu’s Exchange Rate Firms To 4.397 Vs Euro
The Romanian leu moved in narrow ranges against the euro by midday Thursday and the central bank’s reference gained 0.16% to 4.397 units, amid a positive sentiment in the region after the US...
KMG International Asks Upfront Payment For Fuel Deliveries To Ukraine
KMG International NV, a unit of Kazakhstan’s state-run KazMunayGas, is asking for upfront payment for fuel deliveries to Ukraine, amid growing economic instability in the country following t...
Proprietatea Fund Sold Romgaz GDRs For $65.3M In Accelerated Bookbuild
Romanian investment fund Fondul Proprietatea (FP.RO) sold dollar-denominated global depositary receipts, or GDRs, in state-run natural gas producer Romgaz Medias (SNG.RO) worth 212.12 millio...
Leu Closes Flat Vs Euro On Lower Volumes
Romania’s leu advanced slightly against the euro in late trade Wednesday to finish the session flat at 4.398/4.4 per euro, amid declining volumes.
Romania To Cut Social Security Tax By 5 Pct Points As Of October 1
The Romanian government Wednesday approved a five-percentage point cut in the social security tax, in a move aimed at lowering the burden on labor and stimulating investments, the Finance Mi...
Romania Has Huge Biomass Energy Potential – Energy Watchdog
Romania’s renewable energy market has probably filled its quota for large units, which produce hundreds or thousands of megawatts, but the growth potential for smaller projects remains huge,...
Leu In Ranges Vs Euro, Exchange Rate At 4.404
The Romanian leu traded in a tight range against the euro by midday Wednesday and the central bank’s reference strengthened modestly to 4.404 units, from 4.4049 units a day earlier.