24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Transelectrica Takes New Loan To Finance Unit Upgrades
Romanian energy company Transelectrica (TEL.RO) Wednesday said it will borrow EUR42 million to finance upgrade works at its power stations.
Leu Ends Lower Vs Euro As Forex Demand Rises
Romania’s leu widened its earlier loss against the euro in late trade Wednesday, amid increased demand for foreign currency, and closed 0.2% weaker on the day at 4.59/4.604 to the European c...
CEZ Romania Allocates EUR50M Annually For Power Line Upgrades
Romanian power supplier CEZ Distribution, a unit of Czech utility group CEZ, Wednesday said it has been investing EUR50 million annually for the past six years to upgrade its distribution ne...
Romania Forex Reserves Slightly Down To EUR32.1B In July
Romanian foreign exchange reserves fell slightly to EUR32.14 billion in July, from EUR32.96 billion a month earlier, central bank data showed Wednesday.
Leu Exchange Rate Weakens To 4.5885 Vs Euro
Romania’s leu traded near 4.59 per euro by midday Wednesday and the central bank’s reference weakened to 4.5885 units, from 4.5694 units a day earlier.
Libra Internet Bank 1H Profit More Than Halves To RON4M
Romanian lender Libra Internet Bank Wednesday said its net profit more than halved to approximately 4 million lei (EUR0.87 million) in the first half, from RON9.15 million in the same period...
Electrica Seeks EUR375M Deal With Enel For Unit Shares
Romanian state-run energy company Electrica plans to sell 13.47% of its 23.57% stake in power distributor Electrica Muntenia Sud to Italian utility Enel in a bid to raise approximately EUR37...
Romania, IMF Should Take Agreement To The Next Level - Official
Romania could use the International Monetary Fund’s flexible credit line facility for its planned new financial agreement with the institution, just as Poland did when it decided to secure p...
Leu Closes Down Vs Euro On High FX Demand
Romania’s leu weakened against the euro Tuesday, amid increased demand for foreign currency, and closed at 4.58/4.582 units, from 4.565/4.567 units a day earlier.
BNR To Leave Key Rate On Hold Thursday - Poll
Romania’s central bank is likely to leave its key rate unchanged at a historic low of 5.25% for a third straight time at its monetary policy meeting due August 2, banking analysts said Tuesd...
Romania Plans To Sell RON2.5B Of Debt In August
Romania’s Finance Ministry plans to sell state paper worth 2.5 billion lei (EUR547 million) in August, up from RON1.5 billion sold a month earlier, ministry data showed Tuesday.
Erste To Write Down EUR210M Goodwill On Romanian BCR Unit
Austria's Erste Group Bank AG (EBS.RO) said Tuesday it will write down EUR210 million in goodwill on its Romanian unit BCR because of the latter’s disappointing first-half result.