Articolele autorului Bogdan Neagu
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Romania 2Q GDP +0.2% On Quarter, +1.4% On Year
Romanian’s economy grew by a seasonally-adjusted 0.2% in the second quarter, after a 0.7% growth three months earlier, a flash estimate of the country’s statistics institute showed Tuesday. citeşte tot
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Fitch Upgrades Bucharest Rating to 'BBB-' With Stable Outlook
Fitch Ratings Friday upgraded the Romanian city of Bucharest's long-term foreign currency ratings to 'BBB-' from 'BB+' and the long-term local currency ratings to 'BBB' from 'BBB-', with stable outlooks, following a similar move on Romania's ratings a month ago. citeşte tot
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Romania 1H Current Account Gap Narrows To EUR2.6B
Romania's current account deficit narrowed 28.6% to EUR2.6 billion in the first six months, from a gap of EUR3.6 billion in the year-earlier period, due to lower trade deficit and higher transfer surplus, central bank data showed Thursday. citeşte tot
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Bucharest Shares Open Up 6% After Steep Falls In Past Sessions
Romanian shares opened on the rise Wednesday, after the large falls in the previous sessions, fueled by moderate optimism on the foreign markets. citeşte tot
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Bucharest Shares Pare Losses As European Markets Recoup
The Bucharest bourse fell as much as 12% in the first part of Tuesday's session, but it later recouped part of the early loss, as the European markets recovered slightly. citeşte tot
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Bucharest Bourse Troubles Deepen, After US Market's 6% Dive
The Bucharest bourse opened down Tuesday and its decline intensified in the first hour of trading, after yesterday’s 6% fall of the US market following the sovereign rating cut. citeşte tot
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Romanian Oltchim Puts 1,025 Employees On Furlough
Romanian state-run chemical producer Oltchim Ramnicu-Valcea (OLT.RO) Tuesday said it will put 1,025 employees on furlough until the end of August, due to lack of financing for daily operations. citeşte tot
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Romania 1H Trade Gap Narrows To EUR4.54B
Romania’s trade deficit narrowed to EUR4.54 billion in the first six months of 2011, from EUR4.88 billion in the same period a year ago, the country’s statistics institute INS said Tuesday. citeşte tot
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Romania Average Net Wage Up 1% MM In June, To RON1,472
The average net salary in Romania rose 1% on the month to 1,472 lei (around EUR350) in June, due to granting of occasional bonuses, amounts distributed from the profits, and to higher production and revenue, the statistics institute INS said Thursday. citeşte tot
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Romanian Central Bank Keeps Key Rate Unchaged At 6.25%
Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the tenth straight time, as inflation is still likely to top the bank’s forecast. citeşte tot
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Romania Tourist Arrivals Up 11.7% On Year In First Half
Tourist arrivals in Romania rose 11.7% in the first year-half compared with the same period of 2010, while tourist accommodations were up 4.2% on the year, the statistics institute INS said Wednesday. citeşte tot
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IMF-EU Delegation To Visit Romania July 20 - August 1
Joint teams from the International Monetary Fund, the European Commission and the World Bank will visit Romania between July 20 and August 1 for the second review of a EUR5.4 billion precautionary agreement signed end March. citeşte tot
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World Bank Lends Romania EUR500M For Social Assistance Reforms
The World Bank’s Board of Executive Directors on Thursday approved a EUR500 million loan to support a social assistance program of Romania’s government estimated at EUR5.5 billion. citeşte tot
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Romania’s Budget Posts RON829M Surplus In April
Romania’s consolidated budget posted a surplus of 829 million lei (EUR200.1 million) in April, fueled by higher revenue, while the budget deficit for the first four months of 2011 narrowed to RON4.4 billion, the Finance Ministry said Wednesday. citeşte tot
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Romania April Private Lending -0.3% On Month To RON204.6B
Romanian private lending fell 0.3% in real terms to 204.6 billion lei (EUR49.6 billion) in April from a month earlier, and was down 5.7% on the year, central bank data showed Wednesday. citeşte tot
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S&P Revises BNR Outlook To Stable With One Year Delay, Citing Administrative Error
Standard & Poor's Rating Services Thursday said that due to an administrative error the rating outlook on the National Bank of Romania (BNR, the central bank of Romania), which is linked to that of Romania, had been incorrectly listed as negative for more than one year. citeşte tot
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Romania Posts Highest Annual Inflation In EU For 9th Straight Month
Romania maintained the highest inflation in the European Union for the ninth month in a row in April, while the EU's average rate was up at 3.2% from 3.1% in March, statistics office Eurostat said Monday. citeşte tot
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Romania To Ensure Gas Exports Towards Hungary By End-2012
Romania’s government pledged to make the needed steps to allow exports of natural gas towards Hungary by the end of 2012, according to the memorandum of understanding agreed with the European Commission, a document obtained by MEDIAFAX. citeşte tot
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Romania’s Economic Growth Potential At 3% On Medium Term - IMF
Romania has an economic growth potential of 3% on medium term, but it needs to raise local production for a sustainable growth, according to Jeffrey Franks, head of the International Monetary Fund mission to Bucharest. citeşte tot
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Romania Plans To Sell At Most 20% In Airline Tarom
Romania’s Government plans to sell 20% in national airline Tarom either on the stock exchange or to a strategic investor by the end of 2011, according to the draft letter of intent agreed with the International Monetary Fund. citeşte tot
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Romanian Leu Gains 0.4% Vs Euro, Exchange Rate At 4.0885
The Romanian leu extended early gains against the euro in mid-session Tuesday, and the central bank's reference strengthened to 4.0885 units, from 4.1039 units in the previous day. citeşte tot
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Romania To Sell More Than 10% In Nuclearelectrica, Hidroelectrica
Romania will sell more than 10% in state-owned energy producers Nuclearelectrica and Hidroelectrica, an International Monetary Fund official told MEDIAFAX in an interview. citeşte tot
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Romania Central Bank Ups Inflation Forecast 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, governor Mugur Isarescu said Thursday. citeşte tot
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Romania Forex Reserves Fall To EUR32.1B In April
Romanian foreign exchange reserves fell to EUR32.07 billion in April from EUR32.77 billion a month earlier, central bank data showed Monday. citeşte tot
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Romanian Leu Falls Vs Euro, Exch Rate At 4.086
Romania’s leu extended early losses against the euro in mid-trade Monday and the central bank’s reference weakened 0.3% to 4.086 units, from 4.0744 units in the previous session. citeşte tot
