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24658

Florentina Dragu

Translator RO-EN

Fields
Capital Market, Banks-Insurance, Energy
Writing for ZF since
0201
Articles
6.106
Romania Raises EUR200M In Eurobond Sale At 3.3% Average Yield
Banks-Insurance

Romania Raises EUR200M In Eurobond Sale At 3.3% Average Yield

Romania’s Finance Ministry Thursday raised a planned EUR200 million in a reopening of its January 2019-dated Eurobond, at an average yield of 3.3% a year, slightly higher than at the previou...

Florentina Dragu · 20.02.2014 · 15:59 · 1 min
Ponta Sacks CEC Bank’s Chief
Banks-Insurance

Ponta Sacks CEC Bank’s Chief

Radu Ghetea will be dismissed as head of Romania’s state-run CEC Bank, Prime Minister Victor Ponta said Thursday.

Florentina Dragu · 20.02.2014 · 14:44 · 1 min
Isarescu: Bucharest Ready To Join The Eurozone
Banks-Insurance

Isarescu: Bucharest Ready To Join The Eurozone

The rest of Romania not so much, the central bank chief says

Florentina Dragu · 20.02.2014 · 14:09 · 1 min
Leu’s Exchange Rate Falls To 3-Week Low Of 4.5239 Vs Euro
Capital Market

Leu’s Exchange Rate Falls To 3-Week Low Of 4.5239 Vs Euro

Romania’s leu depreciated against the euro by midday Thursday, amid political tensions at home and mounting violence in Ukraine, and the central bank’s reference weakened 0.7% to 4.5239 unit...

Florentina Dragu · 20.02.2014 · 13:30 · 1 min
BNR Asks Lenders To Protect Depositors’ Interests
Banks-Insurance

BNR Asks Lenders To Protect Depositors’ Interests

Romania’s central bank has ordered commercial lenders to take corrective action in response to customer complaints about time deposits that, upon maturity, hold less money than initially dep...

Florentina Dragu · 19.02.2014 · 16:57 · 1 min
Romgaz Mulls Selling RON107M Worth Of Electricity
Energy

Romgaz Mulls Selling RON107M Worth Of Electricity

Romanian state-run natural gas producer Romgaz Medias (SGN.RO) plans to sell around 563,000 megawatt hours of electricity on the local energy exchange OPCOM in a bid to raise 106.96 million...

Florentina Dragu · 19.02.2014 · 15:39 · 1 min
Leu’s Exchange Rate Weakens To 4.4916 Vs Euro
Capital Market

Leu’s Exchange Rate Weakens To 4.4916 Vs Euro

The Romanian leu retreated against the euro by midday Wednesday and the central bank’s reference weakened to 4.4916 units, from 4.4873 units in the previous session.

Florentina Dragu · 19.02.2014 · 13:27 · 1 min
Spanish Roquet Hydraulics Gets EUR5M EBRD Loan To Build Plant In Romania
Banks-Insurance

Spanish Roquet Hydraulics Gets EUR5M EBRD Loan To Build Plant In Romania

The European Bank for Reconstruction and Development has extended a EUR5 million credit line to Spain’s Roquet Hydraulics which will be used to co-finance the development of a greenfield pla...

Florentina Dragu · 19.02.2014 · 12:38 · 1 min
Petrom: Romania Fuel Sales To Drop 1%-3% Due To New Excise Duty
Energy

Petrom: Romania Fuel Sales To Drop 1%-3% Due To New Excise Duty

Romania’s planned new excise tax on fuels will likely trigger a 1% to 3% annual decline in local fuel sales, OMV Petrom’s chief executive Mariana Gheorghe said Wednesday.

Florentina Dragu · 19.02.2014 · 11:53 · 1 min
Leu Down Vs Euro In Morning Trade As Ukraine Tensions Rise
Capital Market

Leu Down Vs Euro In Morning Trade As Ukraine Tensions Rise

Romania’s leu weakened against the euro in early action Wednesday, tracking the currencies in the region which fell following escalating conflicts between protesters and police in the Ukrain...

Florentina Dragu · 19.02.2014 · 11:00 · 1 min
Petrom: Gas&Power Demand In Romania To Remain Subdued In 2014
Energy

Petrom: Gas&Power Demand In Romania To Remain Subdued In 2014

Romania’s largest oil and gas company OMV Petrom (SNP.RO) expects domestic demand for natural gas and electricity will remain subdued this year, after declining 8% and 5% year-on-year in 201...

Florentina Dragu · 19.02.2014 · 10:31 · 1 min
Ford Romania To Halt Production For 8 Days In March-April
Automotive

Ford Romania To Halt Production For 8 Days In March-April

Ford Motor Co. will suspend production for eight days at its Romanian plant during the March-April period because of weak market demand for its B-Max model, the company said Wednesday.

Florentina Dragu · 19.02.2014 · 09:36 · 1 min