24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Leu Loses Early Gains Vs Euro, Exchange Rate At 4.5694
Romania’s leu reversed earlier gains versus the euro by midday Tuesday and the central bank’s reference weakened to 4.5694 units, from a two-week high of 4.5558 units a day earlier.
BCR Switches To RON546M Loss In 1H As Provisions Rise
Romanian leading bank group Banca Comerciala Romana (BCR) Tuesday said it has switched to a loss of 546.4 million lei (EUR120 million) in the first half from profit a year earlier, hit by hi...
Leu Gains 0.9% Vs Euro On Higher Volumes
Romania’s leu lost part of its earlier gains versus the euro in late trade Monday, but closed almost 0.9% stronger on the day, amid rising volumes after investors pared short positions.
Capital Economics: Leu Could Weaken Further As Political Upheaval Likely To Continue
The apparent survival of Romania’s suspended president Traian Basescu in Sunday’s referendum could throw the country deeper into political turmoil, most likely pushing the leu to new record...
BRD First Half Net Profit Falls On Higher Risk Costs
Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Monday said its net profit fell 88% on the year to 39.4 million lei (EUR8.54) in the first six months o...
Leu Exchange Rate Hits 2-Week High Vs Euro, Investors Pare Short Positions
Romania’s leu climbed against the euro Monday as investors cut back their bets the national currency would continue its decline following weeks of political instability, and the central bank...
Central Bank Pumps RON12.1B Into Market
Romania's central bank Monday added 12.08 billion lei (EUR4.6 billion) to the money market in a one-week repurchase agreement operation at an interest rate of 5.25% a year, equal to the mone...
Turbomecanica 1H Loss Narrows To RON4.4M
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) Monday said its loss narrowed 34% to 4.4 million lei (EUR1 million) in the first half, from RON6.7 million in the year-earlier...
Leu Slightly Higher Vs Euro In Early Action
Romania’s leu inched higher against the euro in a quiet market Monday and traded near 4.6 to the euro, amid low volumes.
INS: Housing Permits Down 9% On Month In June
Romanian housing permits fell 9.1% to 3,927 units in June, from 4,321 units a month earlier, the country’s statistics institute INS said Monday.
Romanian Retail Market Seen Up In July-September
Romanian companies expect retail activity will pick up in July through September after posting a moderate growth in the previous three months, the statistics institute INS said in a survey M...
Political Uncertainty Sends Leu Lower Vs Euro Despite Positive Mood In Region
Romania’s leu weakened slightly against the euro in quiet trade Thursday ahead of a key referendum due July 29 on whether suspended president Traian Basescu will be able to keep his office.