Articolele autorului Florentina Dragu
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Romania Ditches ‘Junk’ Status As Fitch Raises Rating To BBB-
Fitch Ratings Monday upgraded Romania’s long-term foreign currency issuer default rating to ‘BBB-’ from ‘BB’ and long-term local currency rating to ‘BBB’ from ‘BBB-’, citing the country’s progress in recovering from the financial crisis. citeşte tot
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Ctrl Bk Head: Target2 Brings Romania Closer To Euro Adoption
Romania has taken yet another step toward implementing the European single currency by officially joining the EU’s Target2 real-time gross settlement system, central bank governor Mugur Isarescu said Monday. citeşte tot
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Romania Tourist Arrivals Up 7.4% On Year In May
Tourist arrivals in Romania rose 7.4% in May from the year-earlier month, while tourist accommodations were up 3.9% on the year, the statistics institute INS said Monday. citeşte tot
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Romania To Launch Petrom SPO In Two Weeks - Sources
Romanian Economy Ministry is likely to launch its planned secondary public offering for 9.84% in dominant oil company OMV Petrom (SNP.RO) on July 11 or July 12, participants in the capital market told MEDIAFAX. citeşte tot
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Romania Forex Reserves Rise To EUR34.4B In June
Romanian foreign exchange reserves rose to EUR34.4 billion in June from EUR32.7 billion a month earlier, central bank data showed Friday. citeşte tot
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Romania Public Debt Slides To RON195.5B In April
Romania’s public debt fell to 195.5 billion lei (EUR46.2 billion) in April, from roughly RON199 billion a month earlier, Finance Ministry data showed Friday. citeşte tot
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Romania Ctrl Bk Head: Steady Key Rate To Steer Inflation Toward Target
Romanian central bank’s decision not to modify its main interest rate will help steer inflation toward the year-end target over the following period, governor Mugur Isarescu said Thursday. citeşte tot
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Raiffeisen Romania Says Retail Loan Growth Sluggish
Romanian household lending has limited growth potential as demand is expected to remain subdued for another two to three years, said Ionut Dumitru, chief economist at Raiffeisen Bank Romania. citeşte tot
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Romanian Leu Gains Vs Euro, Exchange Rate At 4.241
Romania’s leu gained modestly against the euro in mid trade Tuesday and the central bank’s reference strengthened 0.5% at 4.241 units, from 4.2635 units a day earlier. citeşte tot
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Romania 1Q Labor Costs Rise At 3rd Fastest Pace In EU
Total hourly labor costs in the Romanian economy rose 4.5% on the year in January to March, the third-biggest increase in the European Union, official data showed Monday. citeşte tot
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Romanian Leu Down Vs Euro, Exchange Rate At 4.2635
Romania’s leu retreated against the euro by mid trade Monday, tracking the currencies in the region, and the central bank’s reference weakened 0.8% on the day to 4.2635 units, the lowest rate in four and a half months. citeşte tot
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Limiting Forex Loans Should Be Up To Lenders - Banker
Foreign currency lending should not be regulated by central bank’s decision and any possible restrictions should be the prerogative of every lender, the head of Romanian Banking Association said Friday. citeşte tot
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Romania Ctrl Bk May Cap At 5 Years Consumer Loans' Maturity - Sources
Romanian banks may have to reduce the maturity of consumer loans to five years from 20 currently, while extending minimum guarantees to 133% of the loan’s value, according to a draft regulation of the central bank, people familiar with the matter told MEDIAFAX. citeşte tot
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Romanian Leu Exchange Rate At 4.2291 Vs Euro; Hits New Record Low Vs Swiss Franc
Romania’s leu partly recovered early losses against the euro in mid trade Friday, but the central bank’s reference weakened nearly 0.5% on the day at 4.2291 units, the lowest rate in almost four months. citeşte tot
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Bankrupt City Mall Up For Sale Again With EUR21M Price Tag
Bucharest shopping center City Mall will be put up for auction for the fifth time on June 30, at a starting price of EUR20.96 million, down from around EUR24 million at the previous sale attempt, liquidator Transilvania Insolvency House said Friday. citeşte tot
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Romania Ctrl Bank Keeps A Close Eye On Greek Subsidiaries
The Romanian central bank is keeping a close eye on Greek subsidiaries and has already taken preventive measures against potential fiscal slippages, first deputy governor Florin Georgescu said Thursday. citeşte tot
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Romania Ctrk Bank Head: Banks Should Focus More On Corporate Loans
Romanian lenders should focus more on corporate loans, as consumer lending nears saturation point, central bank governor Mugur Isarescu said Thursday. citeşte tot
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Romanian Leu Exchange Rate At 4.2088 Vs Euro; Falls To All-Time Low Vs Swiss Franc
Romania’s leu extended early losses against the euro in mid trade Thursday and the central bank’s reference weakened 0.8% to 4.2088 units, the lowest rate since March. citeşte tot
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Romania Posts Highest Annual Inflation In EU For 10th Straight Month
Romania posted the highest inflation in the European Union for the tenth consecutive month in May, while the EU's average rate eased to 3.2%, from 3.3% a month earlier, statistics office Eurostat said Thursday. citeşte tot
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Greece’s Rating Cut Won’t Affect Leu Much - Romanian Ctrl Bker
The Romanian leu will not come under serious pressure after Standard & Poor’s cut Greece to the world’s lowest debt grade, but spillovers from the financially-troubled nation are not entirely unlikely, National Bank of Romania (BNR) deputy governor Cristian Popa said Tuesday. citeşte tot
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Romania Jan-April Current Account Gap Narrows To EUR1.15B
Romania's current account deficit narrowed 46.4% to EUR1.15 billion in the first four months, from a gap of EUR2.15 billion in the year-earlier month, due to lower trade deficit and higher transfer surplus, central bank data showed Tuesday. citeşte tot
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Romania Inflation Climbs To 33-Month High In May
Romanian consumer prices inched up 0.2% in May from a month earlier, while the annual inflation hit a 33-month high at 8.41%, the country’s statistics institute INS said Friday. citeşte tot
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Romania Jan-April Trade Gap Narrows To EUR2.4B
Romania’s trade deficit narrowed to EUR2.39 billion in the first four months of 2011, from EUR2.93 billion in the year-earlier period, the country’s statistics institute INS said Thursday. citeşte tot
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S&P Affirms Romania’s Credit Rating At ‘BB+’; Outlook Stable
Standard&Poor’s Wednesday affirmed Romanian sovereign credit ratings at 'BB+/B' for foreign currency and at 'BBB-/A-3' for local currency, saying it expects economic recovery to remain sluggish, despite substantial growth potential and moderate public debt. citeşte tot
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Moody’s Has No Plans To Revise Romania’s Credit Rating
Moody’s Investors Service has no plans to change Romania’s credit rating in the next twelve months, the agency's Central Europe director Petr Vins said Wednesday. citeşte tot
