24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
ING Revises Down Year-end CPI Forecast To 4.7%
ING Bank Romania Tuesday revised downward its forecast on the year-end inflation to 4.7% from 6.1% previously, following better-than-expected figures in June and the energy watchdog’s decisi...
IFC, EBRD Provide EUR73.3M To Cofinance Wind Farm In SE Romania
The European Bank for Reconstruction and Development and the IFC, the financial arm of the World Bank Group, will provide a EUR73.3 million loan to co-finance the operation of the 90 MW Pest...
Leu Exchange Rate Hits 2011 Low Vs Euro At 4.2838
Romania’s leu recovered part of its early losses against the euro by mid trade Tuesday, but the central bank’s reference weakened 1.34% to 4.2838 units, the lowest rate this year.
EBRD Eyes Minority Stake In Hidroelectrica, CEO Trihenea Says
The European Bank for Reconstruction and Development plans to buy a minority stake in state-run hydropower generator Hidroelectrica once the company is floated in Bucharest, Hidroelectrica’s...
Leu Falls Vs Euro On Negative Sentiment
Romania’s leu depreciated against the euro Monday, in line with the currencies in the region, and closed almost 0.6% weaker on the day at 4.234/4.235 units.
Romania Sells RON900M 1-Year T-Bills At 6.2% Average Yield
Romania’s Finance Ministry on Monday sold a planned 900 million lei (EUR213 million) in one-year treasury bills, at an average yield of 6.19% a year, lower than at the previous auction.
New Car Registrations +1.2% On Month In June, To 8,606 Units
Romanian new car registrations inched up 1.25% on the month to 8,606 units in June, but were down 16% from the year-earlier month, Interior Ministry data showed Monday.
EximBank 1H Pretax Profit Rises 80% To RON45M
Romania’s state-run lender EximBank Monday said its pretax profit rose 80% to around 45 million lei (EUR10 million) in the first half of the year, fueled by improved performance and lower co...
Corporate Insolvency Market Affected By Insufficient Funds - CITR
As many as 96% of Romanian insolvent companies end up declaring bankruptcy due to fund shortage from creditors to cover procedure costs and reduced refinancing possibilities, according to Tr...
Leu Touches New Low Against Swiss Franc At 3.5472
Romania’s leu widened early losses against major currencies in mid trade Monday, amid a negative sentiment in the international markets, and the indicative versus the Swiss franc fell to 3.5...
Leu Down Vs Euro In Early Trade, Attuned To Region
Romania’s leu edged down against the euro in early trade Monday, amid a negative sentiment in the region following fears that Italy’s massive public debt could add to the European crisis.
STK Emergent Cuts Stake In SIF Moldova Below 1% Cap
Romanian closed-end investment fund STK Emergent (STK.RO) has lowered its holding in SIF Moldova (SIF2.RO) below the maximum admitted cap of 1%, the fund said in a statement Monday.