Florentina Dragu

Romania Jan-Aug Current Account Gap Widens To EUR4.07B

12:36, 13 Oct. 2010
Romania's current account deficit widened 48.7% to EUR4.07 billion in the first eight months, from a gap of EUR2.74 billion a year earlier, largely due to the falling current transfers surplus, central bank data showed Wednesday.

Romanian Banks Should Rethink Business Strategies – Ctrl Bker

16:24, 12 Oct. 2010
Romanian banks should reconsider loan reimbursement risks and change their business strategy to prompt lending and economic revival, an official of the central bank said in a presentation.

Romania Sept New Car Registrations -19% On Mo To 6,860 Units

13:36, 11 Oct. 2010
Romanian new car registrations fell 19% to 6,860 units in September, from 8,471 units a month earlier, Interior Ministry data showed Monday.

Romania Leu’s Stability In Sep Fueled By Up To EUR900M From Ctrl Bk – ING

13:19, 04 Oct. 2010
Romania's central bank is estimated to have injected between EUR400 million and EUR900 million in the money market to keep a stable exchange rate for the leu, a report from the ING Bank released Monday showed.

Romania August PPI Rises At 6th Fastest Pace In EU

12:55, 04 Oct. 2010
Romanian industrial producer prices rose at the sixth fastest pace in the European Union in August, official data showed Monday.

Romania Gets 44.7% Stake In Rompetrol After Company Passes On Cash Redemption

18:27, 30 Sept. 2010
The Romanian authorities Thursday rejoined the shareholder structure of oil refinery Rompetrol Rafinare (RRC.RO) with a 44.69% stake, after the latter failed to redeem in cash a 2.3 billion lei (EUR1=RON4.2674) convertible hybrid held by the government.

Romania Economic Sentiment Rises Slightly In September

14:40, 29 Sept. 2010
Romania’s economic sentiment index edged slightly higher to 76.7 points in September, helped by minor gains in industry and construction sectors, a widely watched European Commission monthly survey showed Wednesday.

Romania Could Join Eurozone Later Than Planned – Senator

14:26, 29 Sept. 2010
Romania could join the euro area in 2016, one year later than planned, due to a prolonged recession, said Varujan Vosganian, head of the Senate’s economic committee and former finance minister.

Romania 8-Mo VAT Revenues Up 4.5% On Year After Tax Hike

12:54, 29 Sept. 2010
Romanian budget revenues from the value added tax rose 4.5% on the year to 23.3 billion lei (EUR1=RON4.2648) in January to August, following a 5 percentage point increase in the VAT level enforced in July.

Romania Ctrl Bank Leaves Key Rate Unchanged At 6.25%

12:50, 29 Sept. 2010
Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the second straight month as it continues battling rising inflation following a raise in the sales tax.

Romania Ctrl Bk To Leave Key Rate Unchanged At 6.25% – Analysts

15:00, 27 Sept. 2010
The Romanian central bank is likely to leave its key rate unchanged for the second straight time at 6.25% a year during its next monetary policy meeting September 29, trying to wait off the current inflationary pressures, according to local analysts.

IMF Approves EUR900M Disbursement For Romania

19:40, 24 Sept. 2010
The International Monetary Fund Friday approved the disbursement of around EUR900 million to Romania, following a new review of the country’s performance under a EUR13 billion standby agreement.

Romania Fin Ministry Rebuked Over Insufficient Data In Fiscal Strategy

19:29, 24 Sept. 2010
Romania’s Fiscal Council Friday criticized the Finance Ministry for its lack of details regarding the revenue forecasts included in the 2011-2013 fiscal strategy and recommended the ministry present the macroeconomic fundamentals considered for each revenue category.

Romania Ctrl Bker: A New IMF Deal To Ensure Lower Borrowing Costs

14:26, 23 Sept. 2010
Romania needs additional financing from international lenders and a new agreement with the International Monetary Fund would ensure lower borrowing costs, according to Lucian Croitoru, adviser to the central bank governor Mugur Isarescu.

Romania Likely To Miss 2011 Deficit Target – Ctrl Bker

12:11, 23 Sept. 2010
Romania is unlikely to meet its budget deficit target for 2011, because of its weak economic performance, a central bank official said Thursday.

Romania August Private Lending Up 0.2% On Month

11:20, 23 Sept. 2010
Romanian private lending inched up 0.2% in real terms to 207.6 billion lei (EUR1=RON4.2511) in August from the month earlier, central bank data showed Thursday.

S&P Cuts Rompetrol To ‘B’, Puts It On Watch Negative On Political Risk

14:30, 22 Sept. 2010
Standard & Poor's Ratings Services Wednesday cut its long-term corporate credit rating on Romanian oil refining and marketing company Rompetrol Group N.V. to 'B' from 'B+' and placed the rating on CreditWatch with negative implications, citing political risks.

Câteva mii de oameni aşteaptă începerea concertului Guns N’ Roses de la Romexpo

21:04, 21 Sept. 2010
Câteva mii de oameni aşteaptă, marţi seară, concertul pe care Guns N' Roses urmează să îl susţină la Romexpo, fanii formaţiei americane părând îngrijoraţi că recitalul trupei nu a început încă, deşi era programat să debuteze la ora 20.30.

Universitatea Craiova s-a calificat în optimile de finală ale Cupei României

20:08, 21 Sept. 2010
Echipa Universitatea Craiova s-a calificat în optimile de finală ale Cupei României - Timişoreana, după ce a învins, marţi, cu scorul de 5-0 (2-0), formaţia din Liga a II-a Minerul Lupeni, într-un meci contând pentru 16-imile competiţiei.

CEZ To Leave Romanian Cernavoda Nuke Project

19:44, 21 Sept. 2010
Czech power group CEZ decided to withdraw from the shareholder structure of Romania’s EnergoNuclear to search for less risky business opportunities in the region, an official of CEZ Romania said Tuesday.

Romania Must Set Realistic Date For Euro Adoption – President

17:34, 21 Sept. 2010
Romania must set a realistic goal for the euro adoption, a target that should be based on the country’s actual economic development, President Traian Basescu said Tuesday.

Romania To Sign New Deal With IMF In 2011 – President

16:02, 21 Sept. 2010
Romania will sign a new loan agreement with the International Monetary Fund in 2011 to finance its budget deficit, President Traian Basescu said Tuesday.

EU: Romania Took Effective Action To Lower Budget Gap

14:30, 21 Sept. 2010
Romania has taken effective measures to lower its budget deficit to below 3% of the gross domestic product by the 2012 deadline, the European Commission said in a statement Tuesday.

EIU Cuts Romania GDP Forecast To -1.2% In 2010

12:44, 17 Sept. 2010
The Economist Intelligence Unit (EIU) has revised down its forecast on Romanian economy to minus 1.2% this year, from a decline of 0.6% previously, according to an EIU report.

Romania 1H Exports Rise At 2nd Fastest Pace In EU

13:19, 16 Sept. 2010
Romanian exports rose 26% on the year to EUR17.2 billion in the January-June period, the second biggest increase in the European Union, official data showed Thursday.