24658
Florentina Dragu
Translator RO-EN
- Fields
- Capital Market, Banks-Insurance, Energy
- Writing for ZF since
- 0201
- Articles
- 6.106
Romania Runs RON1.5B Budget Surplus In January
Romania’s consolidated budget posted a surplus of 1.5 billion lei (EUR228 million) in January, equal to 0.23% of the gross domestic product, Finance Ministry data showed.
Transgaz:Transmission Grid Outdated; Needs New Pipelines For Black Sea Gas
Romania’s natural gas transmission network is outdated and must be upgraded to allow increased flows from the Black Sea fields, state-run gas transporter Transgaz (TGN.RO) said Tuesday.
Leu Dips Vs Euro In Lackluster Trade
The Romanian leu depreciated modestly against the euro Tuesday and closed at 4.512/4.5145 units, after a calm session with low traded volumes.
ExxonMobil Expects Black Sea Investment To Double To $1B Before Commercial Operations
ExxonMobil Exploration and Production Romania invested so far $500 million in its Black Sea block run jointly with OMV Petrom and expects the figure will double before the parties reach a de...
EU Sees Romania Economy Growing 2.3% In 2014
Romania’s economy is likely to expand at an annualized pace of 2.3% in 2014 and to accelerate to 2.5% in 2015, largely fueled by domestic consumption and investments, according to European C...
PwC: Romania’s Untapped Resources Won’t Make It The New Energy El Dorado
Romania is nowhere near becoming a natural gas El Dorado, even if it were to capitalize on its yet untapped shale gas and hydrocarbon deposits, tax and consultancy firm PwC Romania said Tues...
Romania Raises RON60M In Non-competitive Bond Auction
Romania’s Finance Ministry on Tuesday raised a planned 60 million lei (roughly EUR13.3 million) at a supplementary non-competitive tender for its June 2019-dated bond reopened yesterday.
Leu’s Exchange Rate Slides To 4.5173 Vs Euro
The Romanian leu retreated against the euro by midday Tuesday and the central bank’s reference weakened 0.16% to 4.5173 units, erasing yesterday’s gains.
Petrom’s Chief: Other Companies Can Make EUR1B Profit Too
OMV Petrom’s chief Mariana Gheorghe says the employees were the drivers behind the company’s record EUR1 billion profit in 2013 and sees no reason other Romanian businesses cannot report sim...
Proprietatea Fund Reduces Capital By RON240M
Romanian investment fund Fondul Proprietatea (FP.RO) Monday said it has received regulatory approvals to lower its share capital by 240.3 million lei (EUR53.3 million) to approximately RON13...
Raiffeisen Bank Romania Plans Up To RON500M Bond Sale In 2014
Raiffeisen Bank Romania plans a bond issue of up to 500 million lei (EUR110.8 million) this year, pending approval from its shareholders at a meeting due March 28.
Leu Inches Higher Vs Euro In Thin Trading
Romania’s leu edged higher against the euro in a quiet market Monday to finish the session near 4.51 units, amid low volumes.