24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Romania’s Borrowing Costs Climb Amid Political Turmoil, EU Debt Worries
The tensed situation in European financial markets, alongside political disruption at home have driven Romania’s borrowing costs higher, an official of the Finance Ministry said Monday.
Leu Ends Slightly Higher Vs Euro, But Political Uncertainties Persist
Romania’s leu lost part of its earlier gains versus the euro in late trade Monday, but closed slightly higher on the day, with investors worrying that the recent political tensions could end...
Romania Sells RON700M 1-Year T-Bills At 5.5% Average Yield
Romania’s Finance Ministry on Monday sold a planned 700 million lei (EUR154.6 million) in one-year treasury bills, but the average annual yield rose to 5.53%, from 5.29% previously, amid pol...
Capital Economics: Romania To Survive A Temporary Halt Of IMF Deal
Persistent political uncertainty in Romania could endanger the country’s EUR5 billion loan agreement with the International Monetary Fund and the EU, but the eastern European nation would li...
BNR Adds RON13.6B To Money Market
Romania's central bank Monday injected 13.64 billion lei (EUR3 billion) into the market in a one-week repurchase agreement operation at an interest rate of 5.25% a year, equal to the monetar...
Leu Exchange Rate Hits New Low Of 4.5275 Vs Euro
Romanian leu’s exchange rate fell to new historic lows versus the euro and the US dollar Monday, in the first local session after President Traian Basescu was suspended in parliament.
CEZ Revamps Hydropower System In Resita
CEZ Romania, a unit of Czech power group CEZ AS, Monday said it started procedures to upgrade its TMK Hydroenergy Power company, which operates several small hydropower plants in the western...
Leu Loses Over 1% Vs Euro Amid Political Unrest
Romania’s leu continued to retreat against the euro Friday amid political uncertainty as lawmakers were expected to vote on whether to impeach President Traian Basescu over allegations that...
EU Launches Inquiry Into Electricity Deals Between Hidroelectrica, ArcelorMittal Galati
The European Commission has started an official inquiry into possible preferential tariffs at Romanian state-run power company Hidrolectrica after preliminary findings revealed two of the co...
EU Concerned Over Political Crisis In Romania
The European Commission Friday expressed concerns over the recent political upheaval in Romania, particularly regarding a series of measures that could threaten the independence of strategic...
Leu Slumps To Fresh Low Of 4.5142 Vs Euro On Political Worries
An escalating political battle between Romanian Prime Minister Victor Ponta and President Traian Basescu, which may culminate with the latter’s impeachment in parliament later Friday, have p...
Leu Falls To New Lows Vs Euro Ahead Of Parliament Vote
Romania’s leu fell to its lowest level on the local interbank market Friday morning, trading at 4.505 per euro amid mounting political pressures as the parliament is expected to vote on whet...