24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Isarescu: Leu's Fall May Be Linked To Fundamentals
The Romanian leu has weakened against the euro in an immediate reaction to the government’s fall, but its recent evolution could also point to a shift in macroeconomic fundamentals, central...
Leu Stabilizes At 4.42 Vs Euro; Central Bank Intervention Suspected
Romania’s leu has stabilized around 4.42 per euro in late trading Wednesday, with dealers suspecting sustained interventions from the central bank to prop the national currency.
Isarescu: Monetary Easing Cycle Halted Over Political Developments
Romanian central bank governor Mugur Isarescu Wednesday said the bank has halted its monetary policy easing as a reaction to a mix of domestic and international developments, including the r...
Capital Economics: A Mild Fiscal Slippage In Romania Not Too Worrisome
A moderate fiscal slippage in Romania following the government’s recent collapse is unlikely to create long-term difficulties, provided any new fiscal policies are credible and will not stra...
BNR: Forex Reserves Slightly Down To EUR34.3B In April
Romanian foreign exchange reserves fell slightly to EUR34.33 billion in April from EUR34.6 billion a month earlier, central bank data showed Wednesday.
Martifer Plans To Harvest Solar Energy In Romania
Portugal’s industrial group Martifer Wednesday announced plans to produce photovoltaic energy in Romania, through its subsidiary Martifer Solar.
Leu Hits New Low Of 4.4168 Vs Euro
Romania’s leu continued its retreat against the euro by midday Wednesday and the central bank’s reference fell 0.45% to a new historic low of 4.4168 units, from 4.397 units Monday.
Azomures Expects 2012 Profit To Fall On Higher Costs
Romanian chemical fertilizer maker Azomures (AZO.RO) estimates its net profit will fall to 143.7 million lei (EUR32.6 million) in 2012, from RON365.1 million a year earlier, largely due to h...
Banca Transilvania 1Q Net Profit Rises To RON91.8M
Romanian lender Banca Transilvania (TLV.RO) Monday said its first quarter net profit rose 73% to 91.8 million lei (EUR21.1 million), on lower provisions.
Vulcan To Borrow Up To RON200M For Investments
Romanian steam generator maker Vulcan Bucuresti (VULC.RO) plans to borrow up to 200 million lei (EUR45 million) from lender BCR to finance investments and refinance existing debt, the compan...
Oltchim Hopes To Break Even In FY 2012
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) plans to break even in the financial year ending December 2012, after five consecutive years of losses.
Leu Falls To Record Lows Vs Euro. Exchange Rate At 4.397
The Romanian leu lost its early gains versus the euro by midday Monday and the central bank’s reference weakened to a record low of 4.397 units, despite continued efforts from the bank to mi...