Articolele autorului Florentina Dragu
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Romania Ctrl Bk Bound To Lose Popularity Once Economy Recovers
Romania's central bank will resume acting as a brake on potential economic overheating once the economy recovers, deputy governor Bogdan Olteanu said Wednesday. citeşte tot
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WB: Romanian Leu Set To Firm Vs Euro On Long-Term
Romania’s leu is bound to strengthen against the euro on the long run, once living standards improve, Kaspar Richter, senior economist at the World Bank (WB) told MEDIAFAX Tuesday. citeşte tot
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Rompetrol Group Swings To $0.9M Net Profit In 1Q
Romania’s second largest oil group Rompetrol Tuesday said it switched to a net profit of $900,000 in the first quarter, from a loss of $56.2 million in the year-earlier period. citeşte tot
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WB: Romania Economy To See Solid Growth Improvement In 2011
Romanian economy will grow at one of the fastest paces in Eastern Europe in 2011, but recovery remains sluggish, the World Bank (WB) said in a report Tuesday. citeşte tot
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Romanian Bankrupt City Mall Fails To Attract Buyer For Second Time
Bucharest shopping center City Mall failed to attract investors at a second auction following the company’s bankruptcy in November last year and liquidators are looking for alternatives to repay creditors, people familiar with the matter said Monday. citeşte tot
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Russia’s Sberbank Leaves Romania Out Of Volksbank Deal - Sources
Russian leading bank Sberbank has decided not to include Volksbank Romania in a deal to buy the Central and Eastern European units of Austria’s Volksbank AG to avoid relocating headquarters, people familiar with the matter told MEDIAFAX. citeşte tot
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Romania Central Bank To Raise Inflation Forecast In May
Romania’s central bank will revise upward its forecast for the year-end inflation at a quarterly report due May, prompted by surging global food and oil prices, said Adrian Vasilescu, adviser to the central bank governor. citeşte tot
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IMF: Romania Gross Govt Debt Up To 37.8% Of GDP In 2011
Romania’s gross general government debt is likely to increase to 37.7% of the gross domestic product in 2011, from 35.2% a year earlier, the International Monetary Fund said in a report Tuesday. citeşte tot
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Romanians Remain Pessimistic About Economy - Poll
Romanians remain most pessimistic about the state of the economy, with over 50% saying the crisis will not end for another two to five years, according to a survey from market researcher ISRA Center. citeşte tot
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Romania’s Oltchim Could Take Over Remaining Activities At Arpechim
Romania’s Economy Ministry Tuesday said chemical plant Oltchim (OLT.RO) might take over the entire activity at troubled supplier Arpechim, after the refinery was shut down because of lack of demand. citeşte tot
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IMF Sees Romanian Inflation At 4% In December 2011
The International Monetary Fund estimates Romanian inflation will reach 4% at the end of 2011, at the upper limit of the central bank’s target, according to the fund’s latest World Economic Outlook report. citeşte tot
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Capital Economics: Romanian Economic Recovery ‘Two Speed And Bumpy’
Romanian economic recovery remains “two-speed and bumpy”, with industrial output boosted by external demand, while domestic recovery lags behind, a survey from Capital Economics showed. citeşte tot
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Romania Inflation Hits 31-Month High In March
Romanian consumer prices rose 0.6% in March from a month earlier, while the annual inflation accelerated to an unexpected 8.01%, the highest level since August 2008, the country’s statistics institute INS said Monday. citeşte tot
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Romania Jan-Feb Trade Gap Narrows To EUR582.4M
Romania’s trade deficit narrowed to EUR582.4 million in the first two months of 2011, from EUR1.1 billion in the year-earlier period, the country’s statistics institute INS said Monday. citeşte tot
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Romanian Inflation Seen Rising To 7.8% In March
Romanian consumer prices are likely to increase by 0.5% on the month in March, while the annual inflation is seen accelerating to 7.8%, according to a median forecast of the country’s association of financial and banking analysts AAFBR. citeşte tot
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Romanian Economy Not Out Of The Woods Yet - Fiscal Council
The Romanian economy has stabilized, but the country is yet to emerge from its worst recession in over a decade, the parliament-appointed Fiscal Council said Thursday. citeşte tot
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Romania 1Q Budget Deficit At 1% Of GDP
Romania’s consolidated budget posted a deficit of 5.6 billion lei (EUR1=RON4.1089) in the first quarter, equal to 1% of the gross domestic product, an official of the Finance Ministry said Thursday, citing preliminary data. citeşte tot
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Romania Ctrl Bk Readies Measures To Discourage FX Household Lending
The Romanian central bank is preparing a set of measures to discourage foreign currency borrowing among people who get their paychecks in lei, central bank governor Mugur Isarescu said in an interview. citeşte tot
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Romania Ctrl Bker Says 2009/2010 Inflation Fiscal In Nature; Pressures Remain
Romania’s high inflation over the past two years was induced by fiscal imbalances and upward pressures will persist as long as the relation between taxpayers and beneficiaries of social security programs remains profoundly uneven, central bank governor Mugur Isarescu said. citeşte tot
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Romania Ctrl Bk To Up 2011 Inflation Forecast As Food, Energy Prices Surge
Romania's central bank will revise upward its year-end inflation forecast, due to higher-than-expected international prices for energy and food items, central bank governor Mugur Isarescu said in an interview. citeşte tot
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Romanian Leu Up Vs Euro, Exch Rate At 4.1035
Romania’s leu consolidated its advance against the euro in mid trade Wednesday and the central bank’s reference gained 0.27% at 4.1035 units, from 4.1147 units a day earlier. citeşte tot
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Romanian Ctrl Bker Says Social Security Cuts Good For Economy
Lowering the general social security contributions would help stimulate business competition in Romania, a central bank official said Tuesday, adding that the measure shouldn’t take too much of a toll on the government budget. citeşte tot
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Ernst & Young: Romanian GDP Likely To Grow 1% In 2011
Romanian economy is likely to grow by a meager 1% in 2011, mostly driven by exports, but domestic demand remains subdued, Ernst & Young said in a report Tuesday. citeşte tot
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Romania To Draw IMF Funds Under Follow-Up Deal If Recession Lingers
Romania is not expected to use the EUR5 billion placed at its disposal under a precautionary loan agreement with the International Monetary Fund and the European Commission, unless the economy underperforms, according to an IMF report. citeşte tot
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Romania Budget Deficit To Include Data From Money-Losing Cos
Romanian government will amend budget deficit calculations to include the debts of 30 state-run companies, as well as the results of investment fund Fondul Proprietatea, according to the country’s technical memorandum of understanding to a follow-up deal with the International Monetary Fund. citeşte tot
