Social/Politics
Isarescu: S&P Waiting To See How We Fare During Election Year To Lift Junk Status
Romanian central bank governor Mugur Isarescu on Friday said the last of the “Big Three” credit-rating agencies which is yet to promote the country to investment grade will probably wait unt...
No Bidders For Oltchim’s Assets
Romanian insolvent chemical company Oltchim SA (OLT.RO) hasn’t received any bids for its assets by the Friday deadline, the company’s judicial administrators said in a statement.
Business Outlook: Romanian Executives Expect Growth In All Economic Sectors In 2Q
Romanian executives estimate the activity in all economic sectors to increase in the March-May period compared with the previous three months, the statistics institute INS said in a survey F...
INS: Housing Permits Up 39% On Month To 2,187 In February
Romanian housing permits rose 39% to 2,187 units in February from 1,573 units a month earlier, the country’s statistics institute INS said Friday.
Borza: Hidroelectrica Will Raise EUR500M From IPO In 2015
Hidroelectrica’s court appointed trustee, Remus Borza, believes the electricity producer will exit insolvency in seven to twelve months and expects the initial public offering of 15% to happ...
IMF Approves EUR436.3M Disbursement To Romania
The International Monetary Fund has completed the first two reviews of Romania’s economic performance under a two-year precautionary loan agreement, enabling the disbursement of an additiona...
Misu Negritoiu Proposed To Head ASF
Misu Negritoiu, chairman of ING Bank Romania, was proposed as president of Romania’s Financial Supervisory Authority ASF, Prime Minister Victor Ponta said Wednesday.
Trend Shift: Foreign Currency Credits Replaced By Leu Lending
Leu-denominated loans to individuals and companies rose in February by the equivalent of 250 million lei (EUR55 million), half the growth clip registered in January, but, despite the slower...
BNR: Romania Private Lending Extends Decline In February
The lending activity in Romania settled on a downward slope, as demand for loans was scrimpy in the second month of the year, despite interest rate reductions in recent months.