Articolele autorului Florentina Dragu
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Roman Copper Reiterates Commitment To Romania’s Plans For Cupru Min
Canadian-based Roman Copper Corp. Tuesday reiterated its readiness to implement all terms under the acquisition contract of Romanian copper producer Cupru Min Abrud, including additional financial obligations that were not required in the original tender documentation. citeşte tot
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Romanian Inflation Eases To New Record Low Of 2.4% In March
Romania’s inflation fell for a fifth consecutive month in March to a fresh record low in over two decades, as cheaper food prices and a slower annual increase in non-food commodities offset higher service costs, official data showed Tuesday. citeşte tot
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Romania Tax Authority ANAF To Undergo Reorganization - FinMin
Romania’s tax authority ANAF will undergo a large reorganization process aimed to eliminate redundant operations and cut through the red tape, Finance Ministry Bogdan Dragoi said Monday. citeşte tot
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Romania Sells RON1B 1-Year T-Bills At 5% Average Yield
Romania’s Finance Ministry on Monday sold a planned 1 billion lei (EUR229 million) in one-year treasury bills, while the average yield fell to a new record low of 5.02% a year, central bank data showed. citeşte tot
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Romania Could Hike Gas, Energy Royalties Or Taxes - Sources
The Romanian authorities are contemplating raising oil and natural gas royalties or increasing the taxes levied on gas and power producers once the administered prices are deregulated, government sources said Thursday. citeşte tot
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Romania, IMF To Revisit List Of Companies Up For Privatization - EconMin
Romania and the International Monetary Fund will hold a new round of talks regarding the state companies proposed for privatization or listing on the Bucharest Stock Exchange, Economy Minister Lucian Bode said Friday. citeşte tot
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Romanian Proprietatea Fund Clears Plan To Sell Assets
Romanian investment fund Fondul Proprietatea (FP.RO) Wednesday decided to sell some of its assets and distribute the proceedings to its shareholders. citeşte tot
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BRD-Led Consortium To Broker Romanian Hidrolectrica’s IPO - Sources
Romanian Economy Ministry has selected a consortium comprising BRD, Citigroup, Societe Generale and Intercapital Invest to broker the sale of a 10% stake in state-run hydropower generator Hidroelectrica SA, market participants said Monday. citeşte tot
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Romania Central Bank Pumps RON6.25B Into Market
Romania's central bank Monday added 6.25 billion lei (EUR1.42 billion) to the market in a one week repurchase agreement operation at an interest rate of 5.25% a year, equal to the monetary policy rate. citeşte tot
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Alexandre Paul Maymat To Serve As BRD CEO Starting May
Romanian second largest bank BRD (BRD.RO), majority-owned by France’s Societe Generale, formally proposed Alexandre Paul Maymat for the position of chief executive officer, the lender said in a statement Thursday. citeşte tot
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Romania Signs New EEA, Norwegian Grants Agreements
Romanian authorities Wednesday signed agreements on a new round of grants from the European Economic Area (EEA) and the Norwegian Financing Mechanism. citeşte tot
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EBRD Ready To Invest Up To EUR500M Annually In Romania
The European Bank for Reconstruction and Development estimates it will invest EUR400 million to EUR500 million a year in Romanian projects over the next three years, according to the bank’s latest strategy for the eastern European country. citeşte tot
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Romanian Treasury Carries A Comfortable Liquidity Buffer - FinMin
Romania’s recent bond sales on the US market have helped the Treasury build up a “comfortable” liquidity buffer that can be used during emergencies, Finance Minister Bogdan Dragoi said Friday. citeşte tot
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Romania Sets Calendar For Energy Deregulation, Cancels Social Tariffs
The Romanian government will deregulate electricity tariffs for both industrial and household clients in several steps starting with this fall, as part of a stand-by loan agreement signed with the International Monetary Fund. citeşte tot
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Romania Transelectrica Sets Public Offering Price Range
Romanian state-run power grid operator Transelectrica (TEL.RO) has set its secondary public offering price band at 14.9 – 19.2 lei (EUR3.41-EUR4.4) a share, the company said Tuesday. citeşte tot
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Romanian Inflation Hits New Low Of 2.6% In February
Romanian consumer prices inched up 0.64% on the month in February, driven by higher food prices, but the annual inflation eased for the fourth straight month to 2.59%, a new record low since the communist regime ended in 1989, official data showed Monday. citeşte tot
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Romania Ponders New Measures To Revive Consumption, Higher Wages Included
Romania's government and the central bank are working on a new set of measures aimed to increase domestic consumption, including possible salary increases in the public sector, the executive’s spokesman Dan Suciu said Friday. citeşte tot
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Romania Jobless Rate Flat At 5.27% In February
Romanian unemployment rate was virtually unchanged at 5.27% in February, from 5.26% a month earlier, the country’s employment agency ANOFM said Friday. citeşte tot
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Romania FinMin: Government Mulls Higher Wages, But Deficit Target Stays
The Romanian government is searching for solutions to boost per capita income, but only if the measures don’t affect the budget deficit target for 2012 and they prove financially sustainable in the next few years, Finance Minister Bogdan Dragoi said Friday. citeşte tot
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Romania Economy May Slip Into Technical Recession In 1Q - FinMin
Romanian Finance Minister Bogdan Dragoi Friday estimated the country’s economy has slipped back into technical recession in the first quarter, hit by bad weather. citeşte tot
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Romania Revises Up 2012 GDP Forecast To RON609B
Romania’s Finance Ministry has revised upward its forecast on the gross domestic product to around 609 billion lei (EUR140 billion) in 2012, from RON580 billion previously, state secretary Gheorghe Gherghina said Friday. citeşte tot
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Restoring Public Wages In Romania To Raise Deficit Again, Says Fitch
Restoring the public wages to pre-austerity levels in Romania would impact not only the budget deficit, but would likely trigger a series of additional negative effects in the economy, such as higher borrowing costs and inflation, Fitch Ratings said Thursday. citeşte tot
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EU Clears Romanian Oltchim’s Debt-Swap Deal
The European Commission has authorized Romania’s planned debt-to-equity conversion of public debt amounting to around EUR120 million for chemical producer Oltchim SA (OLT.RO), state officials said Thursday. citeşte tot
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Enel Green Power To Add 180 MW Of Wind Energy In Romania
Enel Green Power, a unit of Italy’s utility Enel, plans to add another 180 MW to its Romanian wind energy network in 2012, taking its installed capacity to around 450 MW, general manager Francesco Starace said Thursday. citeşte tot
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Raiffeisen Sees No Room For Populist Measures In Romania
Romania’s reshuffled government is likely to continue the main fiscal and economic policies initiated by the former cabinet, as any populist measure, such as higher pensions or salaries in the public system would only endanger the country’s international loan agreements, Raiffeisen Bank said Monday. citeşte tot
