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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 4.3144
Capital Market

Leu In Ranges Vs Euro, Exchange Rate At 4.3144

Romania’s leu traded in narrow ranges against the euro by midday Wednesday and the central bank’s reference strengthened for the third day to 4.3144 units, from 4.3159 units Tuesday.

Florentina Dragu · 05.10.2011 · 13:52 · 1 min
Romanian Banks To Stay Resilient, Says Central Banker
Banks-Insurance

Romanian Banks To Stay Resilient, Says Central Banker

The Romanian banking system will continue to be resilient in the face of new challenges, even with the materialization of the worst-case scenarios the central bank considers for its periodic...

Florentina Dragu · 05.10.2011 · 13:15 · 1 min
Romanian Bankers: New Lending Rules Won’t Affect Mortgage Loans
Banks-Insurance

Romanian Bankers: New Lending Rules Won’t Affect Mortgage Loans

The Romanian central bank has agreed to leave the conditions on foreign currency-denominated mortgage and housing loans unchanged, the head of Romanian Banking Association said Wednesday.

Florentina Dragu · 05.10.2011 · 13:13 · 1 min
Capital Market

Leu Dips Vs Euro On Negative Sentiment

The Romanian leu retreated against the euro in late trade Tuesday, tracking the currencies in the region, and closed almost 0.4% weaker on the day at 4.33/4.3325 units.

Florentina Dragu · 04.10.2011 · 17:13 · 1 min
Florin Citu: Romania Needs Lower Taxes To Support Growth
Banks-Insurance

Florin Citu: Romania Needs Lower Taxes To Support Growth

Romania must reduce taxation in the capital and workforce sectors to support the economic growth, because monetary policy measures alone are insufficient to sustain the development in the me...

Florentina Dragu · 04.10.2011 · 16:51 · 1 min
Isarescu: Romania To Revise 2012 GDP Forecast On Exports Slowdown
Macroeconomics

Isarescu: Romania To Revise 2012 GDP Forecast On Exports Slowdown

Romania is set to revise its economic growth forecast for 2012, as exports are expected to advance at a slower pace than in 2011, central bank governor Mugur Isarescu said Tuesday.

Florentina Dragu · 04.10.2011 · 16:22 · 1 min
American Investors Eager To Buy Romanian Bonds - Treasury Head
Macroeconomics

American Investors Eager To Buy Romanian Bonds - Treasury Head

American investors are eager to buy Romanian treasuries once the Finance Ministry upgrades its medium term notes (MTN) program to include US dollar-denominated bonds, Tuesday said Bogdan Dra...

Florentina Dragu · 04.10.2011 · 15:31 · 1 min
Croitoru, BNR: Romania Should Put Debt Cap In Constitution
Macroeconomics

Croitoru, BNR: Romania Should Put Debt Cap In Constitution

Romania must balance its fiscal policy better and put a constitutional cap on the public debt, a central bank official said Tuesday.

Florentina Dragu · 04.10.2011 · 14:55 · 1 min
Macroeconomics

Romania January-September Tax Revenue Up 11% On Year To RON114.6B

Romania’s fiscal authority ANAF Tuesday reported overall budget revenue of 114.6 billion lei (EUR26.5 billion) in January through September, up 11.2% from the year-earlier period.

Florentina Dragu · 04.10.2011 · 13:42 · 1 min
Leu Loses Edge Over Euro, Exchange Rate At 4.3159
Capital Market

Leu Loses Edge Over Euro, Exchange Rate At 4.3159

Romanian leu lost part of its early winnings versus the euro by midday Tuesday, but the central bank’s reference strengthened for the second consecutive day to 4.3159 units, from 4.3222 unit...

Florentina Dragu · 04.10.2011 · 13:23 · 1 min
Isarescu Says Lower Taxes May Block Public Investments
Banks-Insurance

Isarescu Says Lower Taxes May Block Public Investments

Lowering the taxes or the social security contributions seems like a simple enough solution to unburden the business environment, but the measure would be short-lived and would only limit th...

Florentina Dragu · 04.10.2011 · 12:55 · 1 min
Banks-Insurance

Bancpost Plans RON92.6M Capital Increase

The Board of Romanian lender Bancpost recommended increasing share capital by 92.6 million lei (EUR21.4 million) to RON1.18 billion, mostly by debt conversion to the benefit of its majority...

Florentina Dragu · 04.10.2011 · 12:41 · 1 min