Articolele autorului Florentina Dragu
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Romania Jan-Sep Current Account Gap Narrows To EUR3.8B
Romania's current account deficit narrowed 10.8% to EUR3.79 billion in the first nine months, from a gap of EUR4.25 billion in the year-earlier period, due mainly to shrinking trade deficit and higher transfers surplus, central bank data showed Tuesday. citeşte tot
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Romania 3Q GDP + 1.9% On Quarter, +4.5% On Year
Romanian economy expanded by 1.9% in the third quarter, after a modest recovery of 0.2% three months earlier, a flash estimate of the country’s statistics institute showed Tuesday. citeşte tot
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Cuts Expected At Romania’s 2nd Budget Revision In November
Romanian government is due to release its second budget revision of 2011 at the end of November, with new spending cuts across the board, people familiar with the matter said Thursday. citeşte tot
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Romania's Draft 2012 Budget: Revenue Seen At RON95.6B; Spending Capped At RON113B
Romanian government targets total revenues to the state budget of 95.65 billion lei (EUR22 billion) in 2012, up 13.5% on the year, while overall spending is poised to stagnate at around RON113 billion, according to next year’s draft budget. citeşte tot
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Romania Calls Off Bid To Select Broker For Tarom IPO
Romanian Transport Ministry has canceled the auction to select a broker for the sale of a 20% stake in state-run airline Tarom, citing lack of interest from brokerage houses. citeşte tot
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Romania October Car Registrations +14% On Month, -5.5% On Year
Romanian new car registrations rose 13.8% on the month to 7,828 units in October, but were down 5.5% from 8,281 units in the year-earlier period, Interior Ministry data showed Friday. citeşte tot
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Romania Leu Recovers Vs Euro, Exchange Rate At 4.353
Romania’s leu reversed early losses versus the euro by midday Thursday and the central bank’s reference edged higher to 4.353 units, from 4.3534 units a day earlier. citeşte tot
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EC Cuts Romania 2012 GDP Growth Forecast On European Worries
The European Commission revised its forecast on Romanian economic growth to 2.1% in 2012 from 3.7% previously, citing worsening conditions in EU markets. citeşte tot
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Romania Inflation Rises In October After 4-Month Drop
Romania’s inflation rate rose to 3.55% in October, ending a four-month drop as prices increased across the board. citeşte tot
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Romanians Don’t Take Their Debt Seriously, Central Bank Head Says
Romanians should be aware that they are responsible for some of the country’s foreign debt of EUR90 billion, central bank governor Mugur Isarescu said Wednesday. citeşte tot
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Franks, IMF: Would Have Waited A Few Months Before Slashing Rates
Romania's central bank could have waited a few more months to see if the disinflation process takes hold before lowering its main interest rate, Jeffrey Franks, head of the IMF mission to Bucharest, told MEDIAFAX. citeşte tot
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Romania October Jobless Rate Rises Slightly To 4.93%
Romanian unemployment rate inched up to 4.93% in October, from 4.89% a month earlier, the country’s employment agency ANOFM said Tuesday. citeşte tot
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Romania Energy System Overhaul Went From Bad To Worse - Antitrust Regulator
Romania’s planned reorganization of the energy sector has gone from one failure to another, even if the authorities have not formally withdrawn any of the projects that were announced and then abandoned, an official of the Competition Council said Tuesday. citeşte tot
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Romania To Sell Majority Stakes In Electrica Units, IMF Says
Romanian government has agreed to sell its majority stakes in three units of state-run power company Electrica and to privatize the country’s planned energy holdings Oltenia and Hunedoara, an official of the International Monetary Fund said Monday. citeşte tot
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EU Puts Romania Economic Growth At 2% In 2012
The European Commission estimates Romanian economy will grow by around 2% in 2012, the EU mission chief Istvan Szekely said Monday. citeşte tot
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Romania Central Bank Sees 2% Economic Growth In 2012
The Romanian central bank’s inflation projections for 2012 are based on an economic growth of around 2%, governor Mugur Isarescu said Monday. citeşte tot
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Romanian Leu Exchange Rate Has Reached Equilibrium, Ctrl Bank Says
Romanian leu’s exchange rate has reached a state of equilibrium against the euro, which should be sheltered from any rash measures, central bank governor Mugur Isarescu said Monday. citeşte tot
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Romania Central Bank Cuts 2011 CPI Forecast To 3.3%
Romania's central bank revised down its forecast on the year-end inflation to 3.3% in 2011, from 4.6% previously, governor Mugur Isarescu said Monday. citeşte tot
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Romanian Leu Exchange Rate Falls To 16-Month Low Of 4.3585 Vs Euro
Romania’s leu recouped part of its early losses against the euro by midday Thursday, but the central bank’s reference weakened 0.3% on the day to 4.3585 units, near the all-time low of 4.3688 units recorded in June last year. citeşte tot
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Analysts React To Romania Ctrl Bank’s Rate Cut: Too Little, Too Late
The central bank’s decision to cut its main interest rate by a quarter-point to 6% comes rather late and its effects on bank lending might pass unnoticed, analysts said. citeşte tot
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Romania Central Bank Cuts Key Rate By Quarter-Point To 6%
Romania’s central bank Wednesday lowered its main interest rate by a quarter of a point to 6% a year, the first cut in the last year and a half, in a move to boost bank lending and energize economic recovery. citeşte tot
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Erste Vows To Make BCR Number One Bank In Romania
Austrian Erste Group Bank (EBS.RO) will allocate its resources to improve the efficiency of its Romanian unit Banca Comerciala Romana (BCR) and make the bank the number one player on the local market, chief executive Andreas Treichl said Friday. citeşte tot
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Romania Ctrl Bank: New Regulations Won’t Limit Foreign Mortgage Lending
The Romanian central bank’s new lending regulations don’t include restrictions for mortgage loans in foreign currency, governor Mugur Isarescu said Friday. citeşte tot
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Romanian Managers Say Economic Activity To Remain Stable In Q4
Romanian companies estimate economic activity will remain fairly stable in the fourth quarter of 2011 from a quarter before, with the retail sector set up to grow modestly, the statistics institute INS said in a survey Friday. citeşte tot
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Erste Switches To 9-Mo Loss After Goodwill Write-downs, CDS Portfolio Cut
Austria's Erste Group Bank AG (EBS.RO) Friday said it has switched to a net loss of EUR973 million in the first nine months, due to goodwill write-downs in Hungary and Romania, additional risk provisions in Hungary and costs with changes in the fair value of the credit-default swap (CDS) portfolio. citeşte tot
