Articolele autorului Florentina Dragu
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Romanian Banks Post First Annual Loss Since 1999
Romanian banks reported combined losses of 304 million lei (EUR1=RON4.2649) in 2010, for the first time in 11 years, people familiar with the matter told MEDIAFAX Friday. citeşte tot
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Bancpost: Romania Economic Recovery Threatened By High Inflation
Romanian economic recovery could be slowed down by a high inflation in 2011, as rising food and fuel prices on international markets threaten to drive local prices up, Dan Bucsa, chief economist at Romanian bank Bancpot said Friday. citeşte tot
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Romania Unlikely To Remain In Recession Through 2011 - IMF
Romania's economy is on track for recovery and the probability of a third year of recession is less than 10%, an official of the International Monetary Fund said Tuesday. citeşte tot
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Romania Ctrl Bk Not To Access New IMF Cash Unless Reserves Depleted
Romania will not draw any funds from its new loan agreement with the International Monetary Fund and the EU unless the region faces a major crisis and the central bank has to dig into its reserves to protect the leu from speculative attacks, central bank governor Mugur Isarescu said Monday. citeşte tot
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Romania Overdue Loan Payments Double To RON15B In Dec ‘10
Romanian overdue payments on loans worth at least 20,000 lei (EUR1=RON4.2485) rose to RON15.07 billion in December 2010, more than double on the year, central bank data showed Monday. citeşte tot
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ING Says Inflation Could Top 6% End-December
Romanian inflation is likely to reach and even surpass 6% at the end of December, due to upward pressure from international food prices and the government’s commitment to eliminate subsidies for thermal energy, analysts of ING Bank Romania said Friday. citeşte tot
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Romania Central Bank Keeps Key Rate Unchanged At 6.25%
Romania’s central bank Thursday left its main interest rate at a record low of 6.25% a year for the sixth consecutive time as it continues to battle a high inflation. citeşte tot
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WB Unlikely To Revise Romania 2011 GDP Forecast After Review Mission
The conclusion of the World Bank’s review mission on Romanian economic and fiscal progress under a EUR20 billion international bailout will not prompt a revision of the country’s growth forecast for 2011, an official of the World Bank said Thursday. citeşte tot
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Romania Dec ’10 Retail Sales Fall At Fastest Pace In EU
Romanian retail sales fell 9.4% on the year in December 2010, the largest decline in the European Union, official data showed Thursday. citeşte tot
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Romania Ctrl Bk Gov: New IMF Deal To Ensure Reform Continuity
Romania’s planned follow-up agreement with the International Monetary Fund represents a keystone for the country’s structural reforms and its main objective will be ensuring the continuity of the process, central bank governor Mugur Isarescu said Monday. citeşte tot
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EBRD Ups Romania GDP Forecast To +1.1% In 2011
The European Bank for Reconstruction and Development Monday revised upward its forecast for Romanian economic growth to 1.1% in 2011, from 0.9% previously, citing slightly improvements over recent months. citeşte tot
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Romania’s Follow-Up Deal With IMF May Not Include Bank Exposures - Sources
Romania’s planned follow-up deal with the International Monetary Fund might not include a new agreement with the parent banks of the country’s top largest lenders, as the mother banks are maintaining their exposure at sufficiently high levels, people familiar with the negotiations said Monday. citeşte tot
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IMF Says Flexible On New Romania Loan Agreement
The International Monetary Fund will show flexibility regarding the duration of a follow-up agreement with Romania, IMF mission head Jeffrey Franks said Tuesday, without giving an exact timeframe. citeşte tot
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Romania 6-Mo Econ Outlook Rises To 40.4 Points In November - Survey
Romanian economic outlook for the next six months improved in November from a month earlier, with the country advancing to top position in Central and Eastern Europe, a ZEW/Erste survey showed Thursday. citeşte tot
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EU OKs Romanian Cernavoda Nuke Project
Romanian EnergoNuclear Monday received a favorable response from the European Commission for the construction of two additional reactors at the country’s sole nuclear power plant in Cernavoda, the majority holder in EnergoNuclear said. citeşte tot
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Romania, IMF Set 1Q 2011 Budget Deficit Target At RON5.7B
Romania and the International Monetary Fund have agreed on a budget deficit target of 5.7 billion lei (EUR1=RON4.295) for the first quarter of next year, one third lower compared to the same period of 2010. citeşte tot
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Romanian Suppliers To Disclose Sources Of Electricity Under New Bill
Romania’s Economy Ministry has drafted a bill that would compel energy suppliers to inform consumers on the origins of the electricity they are selling. citeşte tot
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Romanian President Says Govt Debt Growth Must Be Stopped
Romanian President Traian Basescu on Wednesday called on Cabinet members to put a cap on government debt growth, saying Europe is still struggling with the crisis and some states are likely to enter a downward spiral because of state debt. citeşte tot
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ING Ups Romanian GDP Growth Forecast To -1.6% In 2010
ING Bank Romania has lifted its forecast on Romanian gross domestic product growth to minus 1.6% in 2010, on better-than-expected third quarter GDP data, the lender said in a report Monday. citeşte tot
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Romania Overdue Pays On Loans Above RON20,000 Rise To RON14.6B In Sept
Romanian overdue payments on loans of at least 20,000 lei (EUR1=RON4.287) more than doubled to RON14.6 billion in September compared with the year-ago month, central bank data showed Monday. citeşte tot
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Romania Sep Retail Sales Post 4th Largest Annual Fall In EU
Romanian retail sales fell 1.6% on the year in September, one of the largest decreases in the European Union, official data showed Tuesday. citeşte tot
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Romania May Delay Euro Adoption If Fiscal Consolidation Unsuccessful - Ctrl Bk
Romania should be ready to postpone the target for euro adoption if the government’s fiscal consolidation measures don’t receive social support over the next months, central bank governor Mugur Isarescu said Thursday. citeşte tot
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Romanian Ctrl Bk Head: Higher Tobacco Taxes To Fuel Black Market
Romanian central bank governor Mugur Isarescu Thursday said a new increase of the tobacco excise duty would put additional inflationary pressure and would fuel cigarette smuggling. citeşte tot
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Romanian Ctrl Bank Head Says Puzzled By Local Fuel Price Evolution
Romanian fuel prices are not linked to the evolution of the main factors that are supposed to influence their trajectory, central bank governor Mugur Isarescu said Thursday. citeşte tot
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Romania Central Bank Raises 2011 CPI Forecast To 3.4%
Romania's central bank has revised upward its forecast on the 2011 annual inflation to 3.4% from 3.1% previously, central bank governor Mugur Isarescu said Thursday. citeşte tot
