24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Leu Closes Lower Vs Euro, Attuned To Region
Romania’s leu retreated against the euro in a quiet market Wednesday to finish the session 0.2% weaker on the day, in line with the currencies in the region.
Romania Cancels Cogeneration Tax On Electricity Exports As Of July 1
Romania will lift its cogeneration tax on electricity exports as of July 1, in a bid to boost energy trading, minister delegate for Energy Razvan Nicolescu said Wednesday.
Romania Sets Electrica IPO Price Range At RON11-RON13.5 A Share
Romanian state-run electricity distributor and supplier Electrica SA has set a price range for its planned initial public offering in Bucharest and London at 11 to 13.5 lei (EUR2.5 to EUR3.0...
Leu’s Exchange Rate Weakens 0.1% To 4.396 Vs Euro
The Romanian leu weakened against the euro in the first half of the trading session Wednesday and the central bank’s reference rate lost 0.1% on the day to 4.396 units, from a 10-month high...
UniCredit Tiriac CEO: Demand For Mortgage NPLs Is Very Low
Romania’s UniCredit Tiriac Bank has sold unsecured non-performing loans worth less than EUR100 million so far, mainly in the consumer loans segment, the bank’s chief executive Rasvan Radu sa...
UniCredit Tiriac: Loans Pick Up Slowly, But Demand For Investment Capital Falters
Lending activity is slowly picking up, but demand remains weak, particularly in the heavy industry sector, said Rasvan Radu, chief executive of UniCredit Tiriac Bank.
Leu Down Vs Euro In Thin Early Trading
Romania’s leu slid against the euro during early trading hours Wednesday, amid low volumes.
INS: April Industrial Output -0.3% On Month, +5.9% On Year
Romanian adjusted industrial production inched down 0.3% in April compared with a month earlier, but was up 5.9% from the year-ago period, the country’s statistics institute INS said Wednesd...
World Bank Ups Romania Growth Outlook To 2.8% In 2014
The World Bank has revised upward its forecast on Romanian economic growth to 2.8% in 2014 and 3.2% in 2015, the bank said in its latest global economic prospects report.
Leu Inches Up Vs Euro In Calm Session
Romania’s leu edged higher against the euro in a quiet market Tuesday to finish the session at 4.384/4.387 to the euro, amid average volumes.
Bancpost’s Deleveraging To Continue For A While, Says CEO
Romanian lender Bancpost will likely continue its deleveraging process started in the previous years until the population is confident enough to start borrowing again, the bank’s chief execu...
Volksbank Romania: NPL Ratio To Shrink To 8% After Balance Sheet Clean-up
Volksbank Romania’s non-performing loans ratio is expected to fall to around 8% of total from 22% presently after the bank completes the sale of bad loans worth EUR495 million, the bank’s ch...