Articolele autorului Florentina Dragu
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UniCredit Cuts Romania GDP Growth Forecast To 0.5% In 2012
Italy’s UniCredit Tuesday revised down its forecast on Romanian economic growth to 0.5% in 2012 from 1.2% previously, saying it expects foreign demand to weaken further due to the worsening climate in the eurozone. citeşte tot
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Romania To Hike Electricity Tariffs By 5% Next Month
Romania’s new government has pledged to increase by 5% the administered prices for electricity by the end of June, according to a memorandum signed with the International Monetary Fund. citeşte tot
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S&P Affirms Romania Ratings At 'BB+'; Outlook Stable
Standard & Poor's Ratings Services Friday affirmed its 'BB+/B' long- and short-term foreign and local currency sovereign credit ratings on Romania, with stable outlook, citing the country’s improved fundamentals. citeşte tot
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EBRD Ups Romania GDP Growth Forecast To 1.2% In 2012
The European Bank for Reconstruction and Development Friday revised upward its forecast for Romanian economic growth to 1.2% in 2012, from 0.8% previously, but warned the slowdown in the eurozone will have negative effects on the country’s exports. citeşte tot
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Fitch Sees Romania GDP Growth At 1.6% In 2012, Mirroring CEE Performance
Romania's economic growth is likely to slow down to 1.6% in 2012, from 2.5% a year earlier, in line with the general evolution forecast for the Central and Eastern Europe, a report from Fitch Ratings showed. citeşte tot
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Romania Ups 2012 Public Debt Forecast To 34.2% Of GDP
The Romanian government revised upward its forecast on the public debt to 34.2% of the gross domestic product, from 33.9% of GDP previously, according to the country’s latest convergence program sent to Brussels. citeşte tot
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Romania Ctrl Bank Likely To Move In Force If Leu Weakens Above 4.46 Vs Euro
Romania's central bank is unlikely to allow a too steep depreciation of the leu against the euro and could step in aggressively to protect the national currency and remind investors of the power a central institution has in a small market, bank analysts said Friday. citeşte tot
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Erste: Romania Ctrl Bank To Leave Rates On Hold Until 2013
The Romanian central bank is likely to keep its key rate unchanged at 5.25% until 2013, after political uncertainly prompted the bank to interrupt its monetary policy easing, Austrian lender Erste said in an opinion. citeşte tot
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Romania Ctrl Bank: Monetary Easing Halted Over Political Developments
Romanian central bank Mugur Isarescu Wednesday said the bank has halted its monetary policy easing as a reaction to a mix of domestic and international developments, including the recent collapse of the country’s government. citeşte tot
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Enel Borrows EUR180M To Finance Wind Farms In Romania, US & Brazil
Enel Green Power International, a unit of Italy’s utility Enel, Wednesday said it has obtained a EUR180 credit line from Dutch Export Credit Agency to finance wind projects in Romania, the USA and Brazil. citeşte tot
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Capital Economics: A Mild Fiscal Slippage In Romania Not Too Worrisome
A moderate fiscal slippage in Romania following the government’s recent collapse is unlikely to create long-term difficulties, provided any new fiscal policies are credible and will not stray from the country’s program with the International Monetary Fund, Capital Economics said Wednesday. citeşte tot
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Romanian Ctrl Bank Keeps Key Rate Unchanged At 5.25%
The Romanian central bank Wednesday kept its key rate unchanged at a record low of 5.25% a year, as political uncertainty following the government’s fall last week ended a monetary easing process initiated in November 2011. citeşte tot
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Romanian Leu Falls To Record Low Vs Euro Following Government Collapse
Romania’s leu fell to its weakest level ever, of 4.401 per euro, after the a no-confidence vote in parliament toppled the center-right government less than three months from endorsement. citeşte tot
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IMF Halts Negotiations In Romania After Govt Collapses
The International Monetary Fund will suspend negotiations with the Romanian authorities on the coming economic and financial criteria under a EUR3.6 billion loan agreement signed last year until a new government is in place, an IMF official said Friday. citeşte tot
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ArcelorMittal, Alro Say No Govt Aid Under Romania’s Hidrolectrica Energy Deals
Steel giant ArcelorMittal Wednesday said its contracts signed with Romania’s power producer Hidrolectrica under which it bought energy at below-market prices do not constitute state aid. citeşte tot
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EU Launches In-Depth Probe Into Preferential Tariffs At Romania’s Hidrolectrica
The European Commission has opened five distinct in-depth investigations to assess whether the Romanian state-controlled hydropower producer Hidroelectrica S.A. purchased or sold electricity at preferential tariffs, the Commission said in a statement Wednesday. citeşte tot
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Romanian OMV Petrom Could Build A New Power Plant
Romania’s dominant oil company OMV Petrom (SNP.RO), controlled by Austria’s OMV, could build a second gas-fired thermal power plant, following the construction of an 860 MW plant in Brazi due for launch in the second half of 2012. citeşte tot
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Romania Clears RON127M State Aid For Coal Mine Closure Scheme
The Romanian government Tuesday said it will disburse a new 127 million lei (EUR29 million) subsidy for state-run coal mining company Compania Nationala a Huilei (CNH), part of a larger financing package to be used in a restructuring program for the company’s non-viable assets. citeşte tot
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Romania Hidroelectrica To Cancel Large Batch Of Underpriced Deals Next Week - Sources
Romanian state-run hydropower producer Hidroelectrica will likely terminate most of its controversial underpriced corporate supply contracts signed in the early 2000s, people familiar with the matter said Friday. citeşte tot
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Romanian Unirea Shopping Center 2011 Net Profit Falls To RON3.5M
Romania’s Unirea Shopping Center (SCDM.RO) Friday said its net profit dropped 41.7% to 3.49 million lei (EUR0.79 million) in 2011, hit by the lingering effects of the global financial crisis. citeşte tot
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Russia’s Poyus Gold Sells Romanian Mining Assets For $20M
Russia's largest gold producer Polyus Gold on Friday said it has agreed to sell its gold mining assets in Romania for $20 million to a British Virgin Islands incorporated holding company affiliated with Kazakhstan’s SAT & Company JSC. citeşte tot
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Valhalla Resources Joins Roman Copper In Bid To Purchase Romania’s Cupru Min
Canada’s mineral exploitation company Valhalla Resources announced its participation in a consortium with Roman Copper Corp. for the purchase of Romanian copper producer Cupru Min Abrud, after the latter failed to conclude a formal agreement on the deal. citeşte tot
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Romania Less Likely To Default On Own Debt Vs Hungary, Spain
Romania is a less risky debtor compared to more veteran EU members such as Spain, Italy or Hungary, but the country is still paying higher interest rates on its sovereign debt compared to the first half of 2011, according to a global ranking from British market researcher CMA. citeşte tot
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US Ambassador To Romania Worried About Standstill In Privatizations
US Ambassador to Bucharest Mark Gitenstein Wednesday expressed concern over a seeming standstill in the Romanian privatization process, saying the government should resume their efforts to attract new investors. citeşte tot
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US Ambassador: Trading US-Listed Cos In Bucharest To Increase Market Transparency
The expansion of the Bucharest bourse’s alternative trading system to include US-listed companies could lead to greater transparency on the local market, as investors would want to benefit from the same transparency level offered on the New York Stock Exchange, the US Ambassador to Romania said. citeşte tot
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