24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
IMF: Romania Must Shield Itself From Financial Turmoil
Romania doesn’t need a full body armor against the international financial turmoil, but it should insulate itself well enough so it doesn’t become the next victim of the markets, an official...
KPMG: Romania Property Lending To Remain Prudent
The Romanian real estate market is still in a relative state of stagnation and lending in the sector is unlikely to pick up any time soon, due to the high level of non-performing loans, a su...
BCR, Banca Transilvania Could Agree To Debt-To-Equity Swap At Oltchim
Romanian banks Banca Comerciala Romana (BCR) and Banca Transilvania (TLV.RO) could agree to a debt-to-equity swap at chemical company Oltchim SA (OLT.RO), the Economy Ministry said Tuesday.
Romania Enjoys Lower Borrowing Costs Than Italy, Hungary
Romania pays similar interest rates on its sovereign bonds as Spain and is perceived as less risky than Italy or Hungary, but trades outside neighbor Bulgaria.
Romania Budget Gap Widens To RON13.7B In September
Romania’s consolidated budget posted a deficit of 13.7 billion lei (EUR3.16 billion) in the first nine months, equal to 2.5% of the gross domestic product, Finance Ministry data showed Tuesd...
Passenger Car Sales Down 11% To 69,170 Units In January-September
Romanian new passenger car sales fell 11.4% on the year to 69,170 units in January trough September, from 78,152 units in the year-earlier period, the Automotive Manufacturers and Importers...
Leu Ends Flat Vs Euro In Sleepy Session
The Romanian leu moved in a tight range against the euro amid a quiet session Tuesday as investors wait for the conclusion of an EU summit Wednesday that could shed light on future measures...
Eximtur 9-Month Sales Up 18% On Year To RON115M
Romania’s second largest tourism agency Eximtur Cluj Thursday reported an 18% increase in its sales to 114.6 million lei (EUR26.6 million) in the first nine months, mainly boosted by higher...
Romgaz 8-Month Net Profit More Than Doubles To RON677M
Romanian natural gas producer Romgaz Medias Tuesday said its net profit more than doubled to 677.7 million lei (roughly EUR157 million) in the first eight months, on lower costs.
Leu In Ranges Vs Euro, Exchange Rate At 4.3246
Romania’s leu traded in narrow ranges against the euro by midday Tuesday and the central bank’s reference weakened slightly to 4.3246 units, from 4.323 units a day earlier.
President Calls For Prudent 2012 Budget
Romania must use prudence in setting its budget targets for 2012, because the costs to finance the deficit have gone up due to the worsening situation in international markets, President Tra...
UK Melrose To Invest $130M In Black Sea Project – Ambassador
British energy company Melrose Resources plans to invest around $130 million in deepwater exploration at Romania’s Black Sea platform, after it has secured approval for the project, the UK A...