Articolele autorului Florentina Dragu
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Romania To Tap US Debt Market Again - Finance Minister
Romania wants to tap again the US debt market, following a successful 10-year bond sale earlier this week, Finance Minister Gheorghe Ialomitianu said Friday. citeşte tot
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Romania January Forex Reserves Fall To EUR32.7B
Romanian foreign exchange reserves fell to EUR32.69 billion in January from EUR33.2 billion a month earlier, central bank data showed Wednesday. citeşte tot
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Cold Weather Drives Gas Consumption To Record High In Romania
Romanian natural gas consumption rose by 20% to a record 70 million cubic meters a day on average, due to extremely cold temperatures that have gripped the country over the past days, an official of the Economy Minister said Tuesday. citeşte tot
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IMF: Romanian Economic Growth Not Enough To Improve Living Standards
Romania’s economy expanded by 2.5% in the last three months of 2011, the fourth consecutive quarterly growth, but the recovery is not enough to make a lasting imprint on the quality of life of Romanians, an official of the International Monetary Fund said Monday. citeşte tot
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Romanian Tarom Loss Shrinks To RON252.2M In 2011
Romanian state-run airline Tarom has narrowed its losses by 24.2% to 252.18 million lei (EUR58.1 million) in 2011, from RON332.5 million a year earlier. citeşte tot
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CIB Bank Hungary’s Tomas Spurny Named New CEO Of Romanian BCR
Romania’s top lender Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG has appointed Tomas Spurny as its new chief executive officer, the bank said in a statement Friday. citeşte tot
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Romania Approves Bridge Bank Law For Struggling Lenders
Romanian government has approved the legal framework that will allow the central bank to create a bridge bank to manage and insulate financially troubled lenders. citeşte tot
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Romanian President Says Economy Grew 2.5% In 2011
Romanian economy grew at an annualized rate of 2.5% in 2011, mostly fueled by higher exports and a good farming harvest, President Traian Basescu estimated Thursday. citeşte tot
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WB Cuts Romania Growth Outlook To 1.5% In 2012
The World Bank has revised downward its forecast on Romanian economic growth to 1.5% in 2012 from 3.7% previously, citing deteriorating external outlook and the country’s increased vulnerability to the euro zone crisis. citeşte tot
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Romanian Govt OKs Hidroelectrica, Nuclearelectrica IPOs
The Romanian government Wednesday approved selling stakes of 10% in power producers Hidrolectrica and Nuclearelectrica, as per an agreement with the International Monetary Fund. citeşte tot
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Erste To Name Tomas Spurny As New CEO Of Romanian BCR - Sources
Tomas Spurny, Chief Executive Officer of Hungary’s CIB Bank and former head of the PPF investment fund, will replace Dominic Bruynseels as president of Romanian lender BCR, a unit of Austria’s Erste Group Bank AG, sources in the banking market told Mediafax Tuesday. citeşte tot
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Romania Sells RON3.46B 1-Year T-Bills At 6.21% Average Yield
Romania’s Finance Ministry on Monday sold 3.45 billion lei (EUR797 million) in one-year treasury bills, more than double the planned amount, while the average yield fell slightly to 6.21% a year. citeşte tot
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Romania January-November Power Output +1.7% On Year
Romanian power output rose 1.7% on the year to 21.47 million tons of oil equivalent in the first 11 months of 2011, fueled by higher production in most sectors, official data showed Tuesday. citeşte tot
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Romania Average Net Wage Up To RON1,491 In November
Romania's average net salary rose 2.3% to 1,491 lei (EUR341) in November, from RON1,457 a month earlier, the statistics institute INS said Tuesday. citeşte tot
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Romanian Inflation Falls To 3.14% In December, Within Central Bank Target
Romanian consumer prices inched up 0.23% on the month in December, on higher prices all across, but the annual inflation eased for the second straight month to 3.14%, a new record low in over two decades, official data showed Wednesday. citeşte tot
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Romanian Leu Exchange Rate Hits 18 ½-Month Low Of 4.3625 Vs Euro
Romania’s leu recovered part of its early losses against the euro by midday Tuesday, but the central bank’s reference lost 0.2% on the day to 4.3625 units, the lowest rate in 18 and a half months. citeşte tot
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Romanian Top Oil Players Slapped With Hefty Fines In Fuel Probe - Sources
Romania’s top oil companies were fined with amounts of up to 3% of their sales reported for 2010 following a probe into the local fuel market, people familiar with the situation told MEDIAFAX Tuesday. citeşte tot
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Romania January-November Trade Gap Narrows To EUR8.64B
Romania’s trade deficit narrowed marginally to EUR8.64 billion in the first 11 months of 2011, from EUR8.69 billion in the year-earlier period, the country’s statistics institute INS said Monday. citeşte tot
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OMV Petrom, ExxonMobil Start Drilling For Black Sea Oil
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania, the local unit of US giant ExxonMobil, have started drilling to extract oil from a joint field in the Black Sea, Petrom said in a statement Monday. citeşte tot
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Moody’s: Continued Fiscal Prudence, GDP Growth May Boost Romania Ratings
Maintaining a prudent fiscal policy in the medium term and evidence of accelerating economic growth may prompt a positive revision of Romania’s sovereign ratings in the future, Moody’s Investors Service said in its annual report on the Eastern European country. citeşte tot
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EU Urges Romania To Set Up Natural Gas Bourse
The European Commission is urging the Romanian government to step up the deregulation of natural gas and electricity, recommending the authorities develop a trading exchange in the gas market, similar to the one already in use for energy transactions. citeşte tot
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IMF Concerned About Renewed Pressure On Romanian Leu Exchange Rate
The Romanian central bank should pursue a cautious monetary policy to fend off possible pressures on the leu and renewed capital outflows, an official of the International Monetary Fund told MEDIAFAX. citeşte tot
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IMF: Romanian Banks Not In Danger Of Collapsing
Romanian banking system remains rather balanced, despite some deleveraging from parent banks, and it is highly unlikely that one of the lenders should collapse, an official of the International Monetary Fund said. citeşte tot
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Franks: Romania, WB Could Sign IMF-Like Deal In 2012
The World Bank could provide new aid to Romania in 2012 under a precautionary loan agreement to be accessed in case of emergency, similar to a financial program signed with the International Monetary Fund earlier this year, an IMF official said. citeşte tot
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IMF: Romania Ctrl Bank Should Keep Reserve Requirements Unchanged
Romania's central bank should not lower its minimum reserve requirements imposed on commercial lenders in the following period to make sure it has sufficient buffer against potential difficulties in the financial system, an official of the International Monetary Fund said. citeşte tot
