Articolele autorului Florentina Dragu
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ARB Head: Banks To Lower Interest Rates On Leu-Denominated Facilities In 2012
Romanian banks are likely to reduce interest rates on both deposits and loans in local currency in 2012, the head of the country’s banks association ARB said Tuesday. citeşte tot
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IMF Approves New EUR480M Disbursement To Romania
The International Monetary Fund Monday completed the third review of Romania’s economic performance under a EUR3.5 billion precautionary loan agreement, enabling the disbursement of a new EUR480 million tranche. citeşte tot
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Romania 11-Month Passenger Car Sales Down 10.5% On Year
Romanian new passenger car sales fell 10.5% on the year to 89,032 units in January to November, from 99,572 units in the year-earlier period, the Automotive Manufacturers and Importers Association, or APIA, said Monday. citeşte tot
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Romania Has Second-Highest Income Tax Rates In CEE - Survey
Romania has one of the highest corporate and personal income tax rates in central and eastern Europe, second only to neighboring Hungary, a survey from tax advisory firm Accace showed Wednesday. citeşte tot
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Fitch: Bank Asset Quality In Romania Remains Weak, Could Deteriorate Further
Romanian bank asset quality has continued to weaken and further deterioration without strengthening of banks' capital could result in the sector outlook turning negative, Fitch Ratings said in a report Wednesday. citeşte tot
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Romania Hidrolectrica Says Bilateral Deals To Be Terminated ASAP
Romanian state-run energy producer Hidroelectrica will terminate its bilateral deals concluded outside the energy market OPCOM at the earliest possible time, the company said Friday. citeşte tot
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Romania Ctrl Bank Says Lenders Overcharge, Calls For Increased Competitiveness
The weak level of competitiveness in the Romanian banking system is allowing banks to dump some of their costs on to their customers, central bank governor Mugur Isarescu said Monday. citeşte tot
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Romanian Prodlacta Brasov Enters Insolvency
Romanian dairy maker Prodlacta Brasov (PRAE.RO) has entered into insolvency proceedings after a local court approved in November the request filed by the company’s legal administrators. citeşte tot
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Romania Inflation Falls To New Post-Communist Low In November
Romanian consumer prices rose 0.42% on the month in November, on higher prices across the board, but the annual inflation eased to 3.44%, a fresh record low since the end of the communist regime in December 1989, official data showed Monday. citeşte tot
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Romania To Sell Stake Of At Least 20% In Posta Romana
Romanian government has pledged to find a strategic investor to buy at least 20% in postal company Posta Romana during a capital increase operation in 2012 and to start collective layoffs under a previously established restructuring plan. citeşte tot
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Romania Delays Selling Energy Companies Oltenia, Hunedoara Until End-2012
Romania and the International Monetary Fund have agreed to delay by six months until the end of 2012 the privatization of the country’s planned energy companies Oltenia and Hunedoara, according to the latest letter of intent to the IMF. citeşte tot
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Romania Postpones Oltchim Privatization Until April 2012
The International Monetary Fund has agreed to a four-month extension until April 2012 of the privatization deadline of Romanian state-run chemical plant Oltchim (OLT.RO), the government said in its latest letter of intent to the IMF. citeşte tot
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Romania Doesn’t Have To Pitch In To Raise IMF Resources, But It Sure Could Have - President
Romania doesn’t need to join the other EU states in a common effort to increase the financial resources of the International Monetary Fund, but it would have been “more than able” to do so if asked, President Traian Basescu said Friday. citeşte tot
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Romania Finance Ministry’s Liquidity Buffer Tops EUR3B - Sources
Romanian Finance Ministry has a liquidity buffer of over EUR3 billion which can be accessed if the country’s borrowing costs climb too much, people familiar with the matter said Thursday. citeşte tot
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Romania Removes CFR Marfa From List Of Cos To Get Private Management
Romania's Government has taken out freight railway operator CFR Marfa from a list of state-owned companies to be run by private managers, while adding two new enterprises, according to the country’s latest letter of intent to a EUR3.5 billion loan agreement with the International Monetary Fund. citeşte tot
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Romanian Hidroelectrica To Terminate All Deals Concluded Outside OPCOM Market
Romania's Government will give notice of cancellation by year-end to all companies that signed bilateral deals with state-run energy producer Hidroelectrica outside the energy market OPCOM, according to the country’s letter of intent to a EUR3.5 billion loan with the International Monetary Fund. citeşte tot
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Romania Average Net Wage Slightly Down To RON1,457 In October
Romania's average net salary inched down 0.5% to 1,457 lei (roughly EUR334.7) in October, from RON1,464 a month earlier, the statistics institute INS said Wednesday. citeşte tot
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Romania Tourist Arrivals Up 15.3% On Year In October
Tourist arrivals in Romania rose 15.3% in October from the year-earlier month, while overnight accommodations were up 9.5% on the year, the statistics institute INS said Monday. citeşte tot
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Erste: Romania’s Reaction To Shrinking Austrian Capital Inflows 'Understandable’
Romanian President had a “very understandable” reaction to Austrian central bank’s recommendation that lenders should limit further financing to their subsidiaries in eastern Europe, said Andreas Treichl, chief executive of Erste Group Bank AG (EBS.RO). citeşte tot
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Romania Ctrl Bker: 2015 Not A Fixed Deadline For Euro Adoption
Romanian central bank doesn’t see the year 2015 as a fixed deadline for the euro adoption, because the date might change, depending on the country’s ability to fulfill the required criteria and on international conditions, an official of the bank said Wednesday. citeşte tot
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Romania 10-Month Passenger Car Sales Down 11% On Year To 78,848 Units
Romanian new passenger car sales fell 11% on the year to 78,848 units in January trough October, from 88,582 units in the year-earlier period, the Automotive Manufacturers and Importers Association, or APIA, said Tuesday. citeşte tot
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Romania Leu Exchange Rate Hits Fresh 17-Mo Low Of 4.3608 Vs Euro
Romania’s leu traded in narrow ranges against the euro by midday Monday, while the central bank’s reference weakened to a new 17-month low of 4.3608 units, from 4.3598 units in the previous session. citeşte tot
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Romanian Banks Switch To RON860M Combined Loss In Q3 As Provisions Rise
Romanian banks reported a combined net loss of 860 million lei (roughly EUR200 million) in the third quarter, versus a profit of RON95.4 million a quarter earlier, banking sources said Friday. citeşte tot
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Bucharest Ranks 24th In EIU’s European Shopping Destinations Top
Bucharest ranks 24th in a chart of European shopping destinations, having low prices as its strongest suit and shops, culture and climate as its weakest, according to a survey by the Economic Intelligence Unit. citeşte tot
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Romania Trade Registry: Company Insolvencies Down 10% In Jan-Oct
Romania's Trade Registry Thursday said 15,767 companies filed for insolvency in the first 10 months of 2011, down 10% from 17,484 companies in the same period a year earlier. citeşte tot
