24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Leu Widens Loss Vs Euro, Exchange Rate At 4.129
Romania’s leu continued to retreat against the euro in mid trade Wednesday and the central bank’s reference weakened to 4.129 units, from 4.1233 units a day earlier.
Isarescu: Pension Cuts Preferable To VAT Rate Increase
Lowering the pensions would have been a better fiscal measure than increasing the value added tax rate and Romania would have emerged from recession sooner, central bank governor Mugur Isare...
Romania Central Bank Sees Rising Capital Inflows On Medium-Term
Romania is likely to begin a new economic cycle, when massive capital inflows could trigger a higher volatility of the exchange rate, central bank governor Mugur Isarescu said Wednesday.
Isarescu: There’s No Predetermined Economic Growth Model
The economic growth model is not predetermined, but is based on the decisions of private investors and on macroeconomic policies, Romanian central bank governor Mugur Isarescu said Wednesday...
Danone Romania 2010 Turnover Up 10% To RON476M
Danone Romania, the local unit of French dairy maker Danone, reported turnover of 476 million lei (EUR115.4 million) in 2010, up around 10% from RON435 million in the previous year, the comp...
EGI Romania To Provide EUR120M Financing For Realty Projects In 2011
Erste Group Immorent (EGI) Romania, unit of Austria’s group Erste, is negotiating total financing of EUR120 million for real estate projects this year, well above the EUR22 million financing...
Leu Down Vs Euro In Early Trade
Romania’s leu edged lower against the euro Wednesday morning, amid low volumes and a higher aversion to risk from regional investors, following talks regarding a possible restructuring of Gr...
Proprietatea Fund Buys Back 0.04% Stake For RON2.8M
Romanian investment fund Fondul Proprietatea (FP.RO) last week bought back 0.04% of its shares on the Bucharest bourse for 2.8 million lei (EUR0.68 million), the fund said in a statement Tue...
Foreigners’ Holding In Proprietatea Fund Rises To 23.3% Mid-May
Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 23.3% by mid-May, from 22.5% a month earlier, the fund said in a statement Tuesday.
Alpha Bank Switches To 1Q EUR5.7M Loss In Romania
Greece’s Alpha Bank Tuesday said it has switched to pretax losses of EUR5.7 million in the first quarter, from pretax profit of EUR8.1 million in the year-earlier period, due to higher provi...
Gold Futures Push Bucharest Bourse’s Derivatives Market To 2011 Record High
The Bucharest Stock Exchange Tuesday said 1,073 contracts were traded on the derivatives market last week, for a turnover of 1.5 million lei (around EUR0.36 million), the highest level so fa...
Unirea Shopping Center 1Q Net Profit Halves To RON3M
Romania’s Unirea Shopping Center (SCDM.RO) Tuesday said its net profit more than halved to 3 million lei (EUR0.7 million) in the first quarter, on lower sales.