Social/Politics
Petrom Cuts Dividend Payout
Romania’s largest oil&gas company OMV Petrom (SNP.RO) plans to pay a gross dividend of 0.112 lei (EUR0.025) per share from 2014 profits, almost three times lower than last year.
INS: Romania Unemployment Rate Up To 6.7% In 4Q 2014
Romania's unemployment rate rose to 6.7% in the fourth quarter of 2014, from 6.5% in the third quarter, the statistics institute INS said Tuesday.
Romania Private Lending Extends Decline In February
Romanian private lending continued its downward trend in February, after a 0.7% monthly decline in January, central bank data showed Tuesday.
Natural Gas Bills Could Be 1-3% Lower Starting April
Natural gas bills could drop be 1-3% lower as of April, with the elimination of Russian imports, but the price of domestically produced gas could grow by 6-7% as of July, depending on the re...
ARB: Personal Insolvency Law To Have RON3.5B Impact On Banks
The personal insolvency law applied to the loan portfolio of banks in Romania would have an impact of RON3.5 billion, according to a calculation of the Romanian Banking Association (ARB) bas...
BCR Ups View On Romania’s GDP Growth To 2.8% in 2015
BCR has revised upwards its growth forecast for Romania’s gross domestic product to 2.8% in 2015, and 3% next year, supported by domestic consumption amid a low inflation environment.
Romania Raises Foreign Debt Issuance Ceiling To EUR18B
Romania’s government increased the cap of foreign bond issuance from 15 billion euros to EUR18 billion to cover its gross financing needs for 2015 and 2016.
Romania Jobless Rate Slightly Up To 5.51% In February
Romania's unemployment rate inched slightly up to 5.51% in February, from 5.46% a month earlier, data from the country’s employment agency ANOFM showed Wednesday.
Mihai Tanasescu On Leave Of Absence From EIB Until Summer
Mihai Tanasescu, who became vice president of the European Investment Bank (EIB) in 2012 and the first Romanian to climb so high up the ladder in a major international financial institution,...