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24658

Florentina Dragu

Translator RO-EN

Fields
Capital Market, Banks-Insurance, Energy
Writing for ZF since
0201
Articles
6.106
Leu In Ranges Vs Euro, Exchange Rate At 4.3916
Capital Market

Leu In Ranges Vs Euro, Exchange Rate At 4.3916

The Romanian leu showed little movement against the euro by midday Tuesday and the central bank’s reference strengthened marginally to 4.3916 units, a fresh record high in the past 10 months...

Florentina Dragu · 10.06.2014 · 13:22 · 1 min
Deutsche Bank: Romanian Banks Could Sell EUR3B In NPLs Next Year
Banks-Insurance

Deutsche Bank: Romanian Banks Could Sell EUR3B In NPLs Next Year

Romania’s non-performing loans portfolio is estimated at some EUR1 billion in 2014, but potential sales of bad loans could reach up to EUR3 billion in the following year, an official at Deut...

Florentina Dragu · 10.06.2014 · 13:10 · 1 min
Nuclearelectrica Restarts Nuke After Planned Overhaul
Energy

Nuclearelectrica Restarts Nuke After Planned Overhaul

Romanian state-owned energy producer Nuclearelectrica (SNN.RO) Sunday restarted the first reactor at its nuclear power plant in Cernavoda, following a 30-day scheduled overhaul, the company...

Florentina Dragu · 10.06.2014 · 12:56 · 1 min
BCR: Balance Sheet Clean-up To Yield Results In 2015/2016
Banks-Insurance

BCR: Balance Sheet Clean-up To Yield Results In 2015/2016

Tackling the problem of rising non-performing loans by cleaning up the banks’ balance sheets will likely yield results as of 2015-2016, BCR chief executive Tomas Spurny said Tuesday.

Florentina Dragu · 10.06.2014 · 12:56 · 1 min
CEC Bank Head: Cleaning Up Romania’s Banking System, A Necessary Evil
Banks-Insurance

CEC Bank Head: Cleaning Up Romania’s Banking System, A Necessary Evil

Getting rid of bad loans is a “necessary evil”, but bankers are not too enthusiastic to stack up new provisions for overdue loans to clean up their balance sheets, the head of the Romanian B...

Florentina Dragu · 10.06.2014 · 12:10 · 2 min
Leu Flat Vs Euro In Morning Trade
Capital Market

Leu Flat Vs Euro In Morning Trade

Romania’s leu was stable against the euro during early trading hours Tuesday and traded near 4.388 to the euro, amid a quiet market.

Florentina Dragu · 10.06.2014 · 10:55 · 1 min
Romania January-April Trade Gap Widens To EUR1.75B
Macroeconomics

Romania January-April Trade Gap Widens To EUR1.75B

Romania’s trade deficit widened to EUR1.75 billion in the first four months of 2014, from EUR1.67 billion a year earlier, the country’s statistics institute INS said Tuesday.

Florentina Dragu · 10.06.2014 · 10:00 · 1 min
Romania April Industrial Sales Fall 4.3% On Month
Macroeconomics

Romania April Industrial Sales Fall 4.3% On Month

Romanian industrial sales fell 4.3% in April from a month earlier, on declining demand in all sectors, the country’s statistics institute INS said Tuesday.

Florentina Dragu · 10.06.2014 · 10:00 · 1 min
INS: Industrial New Orders Down 8.5% On Month In April
Macroeconomics

INS: Industrial New Orders Down 8.5% On Month In April

Romanian industrial new orders declined 8.5% on the month in April, due to lower demand in all sectors, the statistics institute INS said Tuesday.

Florentina Dragu · 10.06.2014 · 10:00 · 1 min
Leu Ends Modestly Stronger Vs Euro In Quiet Market
Capital Market

Leu Ends Modestly Stronger Vs Euro In Quiet Market

Romania’s leu inched higher against the euro in a quiet market Friday to finish the session modestly stronger on the day, amid low volumes.

Florentina Dragu · 06.06.2014 · 17:00 · 1 min
Leu’s Exchange Rate Hits New 10-Month High Of 4.3918 Vs Euro
Capital Market

Leu’s Exchange Rate Hits New 10-Month High Of 4.3918 Vs Euro

The Romanian leu moved in a tight range against the euro in thin volumes by midday Friday, but the central bank’s reference strengthened for the second straight day to 4.3918 units, a new re...

Florentina Dragu · 06.06.2014 · 13:21 · 1 min
INS: Average Net Wage Rises 1.7% In April
Macroeconomics

INS: Average Net Wage Rises 1.7% In April

Romanian average net salary rose 1.7% to 1,735 lei (EUR394.6) in April, from RON1,706 a month earlier, the statistics institute INS said Friday.

Florentina Dragu · 06.06.2014 · 10:00 · 1 min