Capital Market
Romania Sells RON206M 3-Year Bonds At 7.31% Average Yield
Romania’s Finance Ministry on Thursday sold 206 million lei (EUR50.2 million) in three-year bonds, below the planned amount, at an average yield of 7.31%, higher than at the previous auction...
Florin Pogonaru Controls 40% In Prodplast Through Firm Cluster
Cyprus-registered Avaliser Trading, previously owned by businessman Florin Pogonaru, was reported Thursday as acting in concert with another four companies owned by Pogonaru, and together th...
BNR: Stable Exchange Rate Preferable On Long Run
Romania's central bank targets a stable exchange rate of the leu versus the euro, even if a stronger leu would help the disinflation process on the short term, central bank governor Mugur Is...
Alum Tulcea Takes Over Vimetco’s Bauxite Mine In Sierra Leone
Dutch-registered aluminum producer Vimetco Thursday said it has transferred its bauxite mining unit in Sierra Leone to its Romanian alumina producer Alum Tulcea (BBGA.RO), in a deal worth $3...
Isarescu: Changing Euro Adoption Target Would Delay Reforms
Changing Romania’s euro adoption target would have only fueled political maneuvers to delay structural reforms, central bank governor Mugur Isarescu said Thursday, adding that the 2015 deadl...
Leu In Ranges Vs Euro, Exchange Rate At 4.1065
Romania’s leu traded in ranges against the euro in mid session Thursday and the central bank’s reference strengthened slightly to 4.1065 units, from 4.1127 units a day earlier.
Isarescu: Leu’s Appreciation Helped Mitigate Large Shocks
Romanian leu’s nominal appreciation against the US dollar has dampened import prices and helped mitigate larger shocks, particularly in the fuels market, central bank governor Mugur Isarescu...
S&P Affirms Transgaz At BB+/BBB-; Outlooks Stable
Standard & Poor’s Thursday affirmed its foreign currency corporate rating on Romanian gas pipeline operator Transgaz Medias (TGN.RO) at 'BB+' and the local currency corporate rating at 'BBB-...
BNR Ups Inflation View To 5.1% In 2011, 3.6% In 2012
The Romanian central bank revised upwards its forecasts for 2011 and 2012 annual inflation to 5.1% and 3.6%, respectively, due to higher oil prices and additional inflationary expectations,...