24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Sterling Resources To Invest Up To $1B In Black Sea Blocks
Canadian Sterling Resources plans to invest between $500 million and $1 billion in hydrocarbon exploration at Romania’s Black Sea platform over the coming period, the Economy Ministry said T...
Croitoru, BNR: Europe’s Bailout Fund May Not Be Large Enough
The market has plenty to chew on now that the EU leaders have announced a new set of measures to tackle the lingering sovereign debt crisis, but there might be some concern over the efficien...
Isarescu Says Killing Foreign Lending Big Mistake
Romanian mortgage market relies heavily on the foreign lending and killing the foreign loans altogether would be a “grave error,” central bank governor Mugur Isarescu said Thursday.
FDI In Romania Less Productive Than In CE Region, WB Says
Foreign direct investment in Romania has been less productive than in other countries in Central Europe and its contribution to the economy is rather reduced, an official of the World Bank s...
Leu In Ranges Vs Euro, Exchange Rate At 4.3288
Romanian leu traded near 4.33 per euro by midday Thursday and the central bank’s reference weakened slightly to 4.3288 units, from 4.3274 units a day earlier.
Isarescu: Housing Banks Help Burst The Mortgage Bubble
Romania’s subsidized housing program, along housing banks have helped deflate the small bubble in the mortgage market, while bringing more stability to the system, central bank governor Mugu...
Leu Dips Vs Euro In Thin Trade
Romania’s leu weakened slightly against the euro amid a quiet market Wednesday, as the results of an EU summit on the European sovereign debt crisis will not be known until later today.
Overdue Loans Up 2.4% To RON20.6B In September
Romanian overdue private loans edged up 2.37% on the month to 20.66 billion lei (EUR4.77 billion) in September, from roughly RON20.2 billion a month earlier, central bank data showed Wednesd...
Romania Faces Difficulties If Mother-Banks Reduce Cash Flows, President Says
Romania might find itself in a difficult situation if foreign banks were to reduce their support to the local subsidiaries, President Traian Basescu said Wednesday.
German Praktiker 9-Month Sales In Romania Down 24% To EUR116M
German do-it-yourself retail chain Praktiker Wednesday said its sales in Romania dropped 24.4% on the year to EUR116.1 million in the first nine months, hurt by a difficult economic environm...
Franks, IMF: Romania Made Insufficient Progress In Dealing With Money-Losing Companies
Romania has fallen behind in honoring its commitments to reorganize the state-owned companies and these have begun to behave like a lead ball, pulling down the economy, an official of the In...
Leu Steady Vs Euro, Exchange Rate At 4.3274
Romanian leu traded below 4.33 per euro by midday Wednesday, amid a calm market, and the central bank’s reference weakened slightly to 4.3274 units, from 4.3246 units a day earlier.