Articolele autorului Florentina Dragu
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Romania February Forex Reserves Rise To EUR33.4B
Romanian foreign exchange reserves rose to EUR33.38 billion in February from EUR32.7 billion a month earlier, central bank data showed Thursday. citeşte tot
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Romanian Ctrl Bank Head Says Lenders Bound To Cut Interest Rates
Romanian banks are bound to lower their interest rates this spring, as liquidity in the system is increasing, central bank governor Mugur Isarescu said Thursday. citeşte tot
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Romania To Tap Foreign Debt Markets Again In 2H – Finance Minister
Romania plans to tap international debt markets again in the second half of 2012, following two successful US dollar bond issues launched earlier this year, Finance Minister Bogdan Dragoi said Thursday. citeşte tot
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S&P: Romania Moderately Sensitive To Eurozone Shocks
Romania has a moderately low vulnerability to potential eurozone shocks among the sovereigns in emerging European regions, a survey from Standard&Poor's showed Wednesday. citeşte tot
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Romanian Romgaz To Invest $500M In Geological Surveys Over Next Four Years
Romanian state-run natural gas producer Romgaz will invest some $500 million (EUR372 million) in geological surveys at eight onshore fields leased from the national mineral resources agency, an official of the Economy Ministry said Wednesday. citeşte tot
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Romania Climbs To 10th Place In E&Y’s Wind Energy Attractiveness Top
Romania’s strong wind market has pushed the country to the 10th place in a global attractiveness ranking for investments in wind energy, according to a report from Ernst & Young. citeşte tot
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Petrom: Romania May Break Free From Natural Gas Dependence
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its latest hydrocarbon discovery in the Black Sea could reduce or altogether eliminate the country’s dependence on gas imports. citeşte tot
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CEZ: Romanian Low Energy Tariffs Impact New Investments
Romania’s low tariffs for energy consumers are taking a toll on companies’ financial resources, limiting new investments, said Adrian Borotea, corporate affairs manager with Czech utility CEZ. citeşte tot
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Romania Reopens Dollar Bond Issue For Up To $1B
Romania has reopened a 10-year US dollar-denominated bond issue on the American market and set an initial price guidance of 6.5%, Finance Ministry showed Tuesday. citeşte tot
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Moody’s: Romania Funding Needs Slide To EUR17.2B In 2012
Romania’s financing needs are forecast at EUR17.2 billion in 2012, slightly lower on the year, but the government is likely to borrow an extra EUR800 million to set up a buffer for unforeseen events, a report from Moody’s Investors Service showed Friday. citeşte tot
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ArcelorMittal Romania Sales Up 11% To $931M In 2011
ArcelorMittal, the world’s largest steelmaker, reported total sales of $931 million at its Romanian units in 2011, up 11% from $837 million in 2011. citeşte tot
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EU Cuts Romania GDP Growth Outlook To 1.6% In 2012
The European Commission revised its forecast on Romanian economic growth to 1.6% in 2012 from 2.1% previously, saying it expects growth to be negatively affected by uncertainties in the financial markets and by the eurozone debt crisis. citeşte tot
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Romanian OMV Petrom 2011 Net Profit Jumps 72% To RON3.76B
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said its net profit rose 72% to a record 3.76 billion lei (EUR887 million) in 2011, fueled by higher crude oil prices and lower costs. citeşte tot
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New Romanian Government To Meet IMF/EU Officials February 21
Officials of the International Monetary Fund and the European Commission will visit Romania on February 21 and February 22 to meet the new government and discuss recent economic developments and program implementation under a joint EUR5 billion loan agreement signed in 2011. citeşte tot
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Romania January Passenger Car Sales Down 21% On Year
Romanian new passenger car sales fell 21% on the year to 3,475 units in January, from 4,399 units in the year-earlier month, the Automotive Manufacturers and Importers Association, or APIA, said Wednesday. citeşte tot
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Romanian Economy Grew By 2.5% In 2011
Romanian economy expanded at an annualized rate of 2.5% in 2011, after a decline of 1.3% in the previous year, a flash estimate of the country’s statistics institute showed Tuesday. citeşte tot
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Romania New Govt Unlikely To Deviate From IMF Reforms, Says Moody’s
Romania’s newly formed government is likely to continue the country’s economic and fiscal program under a EUR5 billion loan from the International Monetary Fund and the EU, a report from Moody’s Investors Service showed. citeşte tot
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Romanians Remain Pessimistic About Economic Outlook - Survey
Romanians remain pessimistic about the country’s economic outlook for the next twelve months, but consumers are more inclined to open their purses than they were in the second half of 2011, a survey from market researcher GfK showed. citeşte tot
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Romanian Inflation Falls To Fresh Record Low Of 2.72% In January
Romanian consumer prices inched up 0.36% on the month in January, on higher prices in all sectors, but the annual inflation eased for the third straight month to a fresh record low of 2.72%, official data showed Monday. citeşte tot
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Romanian Coal Miner CNH To Enter Liquidation By End-September
The Romanian government will launch liquidation proceedings for state-run coal mining company Compania Nationala a Huilei (CNH) by end-September, according to the country’s latest letter of intent to a EUR3.5 billion loan deal with the International Monetary Fund. citeşte tot
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Romania 2011 Trade Gap Widens To EUR9.7B
Romania’s trade deficit widened slightly to EUR9.72 billion in 2011, from EUR9.53 billion a year earlier, the country’s statistics institute INS said Thursday. citeşte tot
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Romania's 2011 Power Output +1.6% On Year
Romanian power output inched up 1.6% on the year to 23.45 million tons of oil equivalent in 2011, on higher production in most sectors, official data showed Wednesday. citeşte tot
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Romania Ctrl Bk: Poor EU Funds Absorption Deepened Economic Recession
Romanian economy was severely hit by a sharp decline in foreign investments after 2008 and the poor absorption rate of European structural funds has only deepened the country’s recession, central bank governor Mugur Isarescu said Tuesday. citeşte tot
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Romania Ctrl Bk Head: Changing Governments Can Be Stressful To Markets
Replacing the government of a country can be a stressful factor for the financial markets, but if resolved swiftly, it may be easily digested by investors, central bank governor Mugur Isarescu said Tuesday. citeşte tot
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Fitch: Romania To Stick To IMF/EU Agreement Until November Elections
Romania’s fiscal and economic program agreed with the International Monetary Fund and the European Commission is unlikely to be affected by the government’s resignation and will remain on track at least until the parliamentary elections in November, an official of Fitch Ratings said Monday. citeşte tot
