Florentina Dragu

WB: Romanian Leu Set To Firm Vs Euro On Long-Term

20:22, 19 Apr. 2011
Romania’s leu is bound to strengthen against the euro on the long run, once living standards improve, Kaspar Richter, senior economist at the World Bank (WB) told MEDIAFAX Tuesday.

Rompetrol Group Swings To $0.9M Net Profit In 1Q

19:56, 19 Apr. 2011
Romania’s second largest oil group Rompetrol Tuesday said it switched to a net profit of $900,000 in the first quarter, from a loss of $56.2 million in the year-earlier period.

WB: Romania Economy To See Solid Growth Improvement In 2011

19:54, 19 Apr. 2011
Romanian economy will grow at one of the fastest paces in Eastern Europe in 2011, but recovery remains sluggish, the World Bank (WB) said in a report Tuesday.

Romanians Remain Pessimistic About Economy – Poll

14:43, 12 Apr. 2011
Romanians remain most pessimistic about the state of the economy, with over 50% saying the crisis will not end for another two to five years, according to a survey from market researcher ISRA Center.

IMF Sees Romanian Inflation At 4% In December 2011

18:21, 11 Apr. 2011
The International Monetary Fund estimates Romanian inflation will reach 4% at the end of 2011, at the upper limit of the central bank’s target, according to the fund’s latest World Economic Outlook report.

Romanian Economy Not Out Of The Woods Yet – Fiscal Council

17:07, 07 Apr. 2011
The Romanian economy has stabilized, but the country is yet to emerge from its worst recession in over a decade, the parliament-appointed Fiscal Council said Thursday.

Romania 1Q Budget Deficit At 1% Of GDP

17:01, 07 Apr. 2011
Romania’s consolidated budget posted a deficit of 5.6 billion lei (EUR1=RON4.1089) in the first quarter, equal to 1% of the gross domestic product, an official of the Finance Ministry said Thursday, citing preliminary data.

Romania To Draw IMF Funds Under Follow-Up Deal If Recession Lingers

19:58, 04 Apr. 2011
Romania is not expected to use the EUR5 billion placed at its disposal under a precautionary loan agreement with the International Monetary Fund and the European Commission, unless the economy underperforms, according to an IMF report.

EU: Romania Can Allocate Free Greenhouse Allowances During 2013-2019

19:06, 29 Mart. 2011
Romania may allocate a limited number of free carbon dioxide (CO2) emission certificates to power stations between 2013 and 2019, according to a European Commission decision Tuesday.

Erste: Romania Sovereign Rating May Be Raised In 2012

14:53, 29 Mart. 2011
Romania’s sovereign rating could be upgraded in the next year, provided fiscal reforms continue, Austrian Erste Group said in a report Tuesday.

European Union Disburses EUR1.2B To Romania

19:05, 24 Mart. 2011
The European Commission Thursday disbursed a fourth installment worth EUR1.2 billion to Romania, part of a larger EUR5 billion loan negotiated two years ago, the EU said in a statement.

Romanian Leu’s Exch Rate Hits New High At 4.126 Vs Euro

14:30, 23 Mart. 2011
Romania's leu traded in ranges against the euro in mid session Wednesday, but the central bank’s reference continued to strengthen, hitting a 11 months high at 4.126 units, from 4.1439 units a day earlier.

Messi, David Beckham şi Katy Perry, în cea mai mare campanie adidas din istoria mărcii – VIDEO

13:39, 16 Mart. 2011
Lionel Messi, David Beckham şi Katy Perry se numără printre starurile celei mai mari campanii din istoria brandului adidas, "all adidas", lansată miercuri, prima care reuneşte toate sub-mărcile - adidas Sport Performance, adidas Originals şi adidas Sport Style, informează un comunicat.

Romania Posts Highest Annual Inflation In EU For 7th Straight Month

13:26, 16 Mart. 2011
Romania posted the highest inflation in the European Union for the seventh consecutive month in February, while the EU's average rate was stable at 2.8%, statistics office Eurostat said Wednesday.

Romania Ctrl Bker Says Currency Fluctuations Up To 4% Neglectable

20:51, 04 Mart. 2011
Fluctuations of 3% to 4% in the leu’s exchange rate are neglectable and should have minimum impact on prices, central bank governor Mugur Isarescu said Friday.

Romania 6-Mo Econ Outlook Brightens Up In February – Survey

18:39, 01 Mart. 2011
Romanian economic outlook for the next six months improved slightly in February, after a decline of nearly 11 points a month earlier, a ZEW/Erste survey showed Tuesday.

JP Morgan: Romanian GDP Likely To Grow 2% In 2011

19:07, 24 Feb. 2011
Romanian economy is on its way to wake up from over two years of “hibernation” in 2011, aided by growing exports, good reforms and a vital bailout program led by the International Monetary Fund and the EU, according to a report from JP Morgan Chase Bank.

Romanian Banks Post First Annual Loss Since 1999

12:52, 13 Feb. 2011
Romanian banks reported combined losses of 304 million lei (EUR1=RON4.2649) in 2010, for the first time in 11 years, people familiar with the matter told MEDIAFAX Friday.

Bancpost: Romania Economic Recovery Threatened By High Inflation

19:21, 11 Feb. 2011
Romanian economic recovery could be slowed down by a high inflation in 2011, as rising food and fuel prices on international markets threaten to drive local prices up, Dan Bucsa, chief economist at Romanian bank Bancpot said Friday.

Romania Ctrl Bk Not To Access New IMF Cash Unless Reserves Depleted

15:58, 07 Feb. 2011
Romania will not draw any funds from its new loan agreement with the International Monetary Fund and the EU unless the region faces a major crisis and the central bank has to dig into its reserves to protect the leu from speculative attacks, central bank governor Mugur Isarescu said Monday.

IMF Says Flexible On New Romania Loan Agreement

18:26, 18 Ian. 2011
The International Monetary Fund will show flexibility regarding the duration of a follow-up agreement with Romania, IMF mission head Jeffrey Franks said Tuesday, without giving an exact timeframe.

Romania Overdue Pays On Loans Above RON20,000 Rise To RON14.6B In Sept

13:55, 08 Nov. 2010
Romanian overdue payments on loans of at least 20,000 lei (EUR1=RON4.287) more than doubled to RON14.6 billion in September compared with the year-ago month, central bank data showed Monday.

Romania Sep Retail Sales Post 4th Largest Annual Fall In EU

13:20, 05 Nov. 2010
Romanian retail sales fell 1.6% on the year in September, one of the largest decreases in the European Union, official data showed Tuesday.

Romania May Delay Euro Adoption If Fiscal Consolidation Unsuccessful – Ctrl Bk

12:55, 04 Nov. 2010
Romania should be ready to postpone the target for euro adoption if the government’s fiscal consolidation measures don’t receive social support over the next months, central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk Head: Higher Tobacco Taxes To Fuel Black Market

12:40, 04 Nov. 2010
Romanian central bank governor Mugur Isarescu Thursday said a new increase of the tobacco excise duty would put additional inflationary pressure and would fuel cigarette smuggling.

Romanian Ctrl Bank Head Says Puzzled By Local Fuel Price Evolution

12:17, 04 Nov. 2010
Romanian fuel prices are not linked to the evolution of the main factors that are supposed to influence their trajectory, central bank governor Mugur Isarescu said Thursday.

Romania Central Bank Raises 2011 CPI Forecast To 3.4%

12:02, 04 Nov. 2010
Romania's central bank has revised upward its forecast on the 2011 annual inflation to 3.4% from 3.1% previously, central bank governor Mugur Isarescu said Thursday.

Romania Ctrl Bk Ups Year-End CPI Forecast To 8.2% – Sources

15:07, 03 Nov. 2010
Romania's central bank has revised upward its forecast on year-end inflation to 8.2% in 2010 from a previous 7.8%, people familiar with the matter told MEDIAFAX.

ING: Romania Ctrl Bk Likely To Miss New CPI Targets

13:39, 03 Nov. 2010
Romania's central bank is likely to miss its “ambitious” inflation targeting set for the next years, because its monetary policy decisions will lack the required sternness, ING Bank Romania said in a report Wednesday.

PwC Sees Romanian GDP Growing 1.6% In 2011

12:47, 03 Nov. 2010
Romanian economy is likely to grow 1.6% in 2011, ending a two-year recession period, but the country’s annual inflation is seen easing only to 5.4% next year, above the central bank’s upper band target of 4%, a PricewaterhouseCoopers (PwC) survey showed Wednesday.

Romania Ctrl Bk Sets CPI Target At 3% For 2012, 2.5% As Of 2013

12:42, 02 Nov. 2010
Romania’s central bank Tuesday decided to keep the 2012 inflation target at 3%, with one percentage point variation band, and to adopt a flat multi-annual inflation target of 2.5%, plus/minus 1 percentage point, as of 2013.

Romania Central Bank Leaves Key Rate Unchanged At 6.25%

12:34, 02 Nov. 2010
Romania’s central bank Tuesday left its main interest rate at a record low of 6.25% a year for the fourth consecutive time as it continues battling rising inflation following a raise in the sales tax.

Romania, IMF To Discuss Follow-Up Deal In Q1 2011

14:25, 01 Nov. 2010
Romania and the International Monetary Fund will discuss the terms of a possible follow-up loan agreement at the fund’s next review mission to Bucharest in 2011, IMF mission head Jeffrey Franks said Monday.

IMF Sees Positive Q4 GDP Growth In Romania

13:53, 01 Nov. 2010
The International Monetary Fund on Monday estimated Romania economy will return to positive territory in the fourth quarter, followed by a more consistent growth of 1.5% in 2011.

IMF: Romania Should Keep Tax System Stable For Couple Of Years

13:13, 01 Nov. 2010
The International Monetary Fund recommended Romania maintained its tax system broadly unchanged for the next two years to ensure stability in the business and consumption sectors, IMF mission chief Jeffrey Franks said Monday.

IMF: Romania Should Change Consumer Loan Ordinance

12:53, 01 Nov. 2010
The International Monetary Fund and European Commission officials Monday insisted Romania changed its consumer loan ordinance to better suit lenders and customers alike, but declined to specify whether new aid from a EUR20 billion lifeline depends on the act being modified.

Romanian Leu Widens Gains Vs Euro, Exch Rate At 4.2643

13:37, 28 Oct. 2010
Romania’s leu extended early gains versus the euro in mid trade Thursday, after the Government survived a no-confidence vote in Parliament a day earlier, and the central bank’s reference strengthened over 0.4% on the day to 4.2643 units.

IMF: Romania To Exit Recession In 2011

12:46, 28 Oct. 2010
Romania will return to economic growth in 2011, most likely of around 1.5%, officials of the International Monetary Fund said Thursday, following media estimations that the country would remain mired in recession for the third consecutive year.

Romania Leu’s Exch Rate Weakens To 4.3 Units Vs Euro

13:35, 20 Oct. 2010
The Romanian leu edged lower against the euro in mid trade Wednesday and the central bank’s reference lost 0.3% on the day at 4.3084 units, a fresh three-and-a-half months low.

Romania Most Pessimistic About Economy, Finances In Emerging Europe – Survey

13:28, 20 Oct. 2010
Romania is the most pessimistic country in Eastern Europe when it comes to consumer confidence and financial expectations, with the two indicators dropping from 120 points to less than 40 in the past two years, a survey from the International Monetary Fund showed.