Photographer
Shutterstock
- Fields
- Energy, Capital Market, Macroeconomics
- Writing for ZF since
- 2011
- Articles
- 31
Romanian Banking System 1Q Net Profit Falls On Higher Provisions
Romanian banks reported combined net profit of 165 million lei (EUR37.2 million) in the first quarter, lower on the year, hurt by rising provisions.
APIA: April Car Sales +14% On Month, -21% On Year
Romanian new passenger car sales rose 14.4% on the month to 6,650 units in April, but were down 21.4% from the year-ago period, the Automotive Manufacturers and Importers Association, or API...
GDF Suez Energy Romania To Invest RON127M In Network Upgrades
GDF Suez Energy Romania, a unit of French-Belgian utility GDF Suez, will invest 126.7 million lei (EUR28.2 million) to upgrade its natural gas network in Bucharest, the company said Wednesda...
Romania Runs Budget Deficit For Third Straight Month In April
Romania’s consolidated budget posted its third consecutive monthly deficit in April, despite a record growth in revenue, official sources said Friday.
Leu In Ranges Vs Euro, Exchange Rate Firms To 4.4078
Romania’s leu traded in a narrow range against the euro by midday Thursday and the central bank’s reference strengthened 0.2% to 4.4078 units, from a record low of 4.4168 units a day earlier...
Conpet Pays RON2.5/Share Dividend For 2011
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Monday approved paying out a gross dividend of 2.5 lei (EUR0.568) a share from the 2011 profit, well below the RON8.08 a share di...
Romania Declassifies Chevron Deals For Black Sea Blocks
Romanian mineral resources agency ANRM Thursday declassified a series of gas exploration contracts signed with US giant Chevron, after the latter agreed to make them public.
OMV Petrom Could Build A New Power Plant
Romania’s dominant oil company OMV Petrom (SNP.RO), controlled by Austria’s OMV, could build a second gas-fired thermal power plant, following the construction of an 860 MW plant in Brazi du...
EU Launches In-Depth Probe Into Preferential Tariffs At Hidrolectrica
The European Commission has opened five distinct in-depth investigations to assess whether the Romanian state-controlled hydropower producer Hidroelectrica S.A. purchased or sold electricity...
Leu In Ranges Vs Euro, Exchange Rate At 4.3778
Romania’s leu moved in a tight range against the euro by midday Wednesday and the central bank’s reference advanced modestly to 4.3778 units, from 4.3791 units a day earlier.
European Commission Publishes Interim Report On Romania Under CVM
The European Commission's interim report on the Cooperation and Verification Mechanism (CVM), published Wednesday, appreciates Romania's progress in reforming the justice system, making spec...
Leu Opens Down Vs Euro, In Line With Region
The Romanian leu opened down against the euro Tuesday, and extended its loss in the first hour of trading, as the currencies in the region depreciated following a weak start of the European...