Articolele autorului Florentina Dragu
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Romanian Banks Should Rethink Business Strategies - Ctrl Bker
Romanian banks should reconsider loan reimbursement risks and change their business strategy to prompt lending and economic revival, an official of the central bank said in a presentation. citeşte tot
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Romania Sept New Car Registrations -19% On Mo To 6,860 Units
Romanian new car registrations fell 19% to 6,860 units in September, from 8,471 units a month earlier, Interior Ministry data showed Monday. citeşte tot
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Romania Jan-Aug Trade Gap Widens To EUR6.1B
Romania’s trade deficit widened to EUR6.09 billion in January to August, from EUR5.97 billion in the same period a year earlier, the National Statistics Institute said Monday. citeşte tot
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Romania September CPI +0.56% On Month, +7.77% On Year
Romanian consumer prices rose 0.56% on the month in September, largely driven by higher food and service prices, while the annual inflation accelerated to a fresh two-year high at 7.77%, the country’s statistics institute INS said Monday. citeşte tot
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IMF Sees Romanian GDP Falling At Fastest Pace In Emerging Europe
Romania’s economy will shrink at the fastest pace among emerging states in Europe this year, while its estimated growth of 1.5% for 2011 will be the smallest in the region, the International Monetary Fund said in its latest global outlook report. citeşte tot
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Romania 2Q Jobless Rate Falls To 6.8%
Romania's unemployment rate fell to 6.8% in the second quarter, from 8.1% a quarter earlier, the National Statistics Institute said Tuesday. citeşte tot
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Romania Leu’s Stability In Sep Fueled By Up To EUR900M From Ctrl Bk - ING
Romania's central bank is estimated to have injected between EUR400 million and EUR900 million in the money market to keep a stable exchange rate for the leu, a report from the ING Bank released Monday showed. citeşte tot
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Romania August PPI Rises At 6th Fastest Pace In EU
Romanian industrial producer prices rose at the sixth fastest pace in the European Union in August, official data showed Monday. citeşte tot
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Romania Gets 44.7% Stake In Rompetrol After Company Passes On Cash Redemption
The Romanian authorities Thursday rejoined the shareholder structure of oil refinery Rompetrol Rafinare (RRC.RO) with a 44.69% stake, after the latter failed to redeem in cash a 2.3 billion lei (EUR1=RON4.2674) convertible hybrid held by the government. citeşte tot
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Romania Economic Sentiment Rises Slightly In September
Romania’s economic sentiment index edged slightly higher to 76.7 points in September, helped by minor gains in industry and construction sectors, a widely watched European Commission monthly survey showed Wednesday. citeşte tot
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Romania Could Join Eurozone Later Than Planned - Senator
Romania could join the euro area in 2016, one year later than planned, due to a prolonged recession, said Varujan Vosganian, head of the Senate’s economic committee and former finance minister. citeşte tot
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Romania 8-Mo VAT Revenues Up 4.5% On Year After Tax Hike
Romanian budget revenues from the value added tax rose 4.5% on the year to 23.3 billion lei (EUR1=RON4.2648) in January to August, following a 5 percentage point increase in the VAT level enforced in July. citeşte tot
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Romania Ctrl Bank Leaves Key Rate Unchanged At 6.25%
Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the second straight month as it continues battling rising inflation following a raise in the sales tax. citeşte tot
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Romania Ctrl Bk To Leave Key Rate Unchanged At 6.25% - Analysts
The Romanian central bank is likely to leave its key rate unchanged for the second straight time at 6.25% a year during its next monetary policy meeting September 29, trying to wait off the current inflationary pressures, according to local analysts. citeşte tot
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IMF Approves EUR900M Disbursement For Romania
The International Monetary Fund Friday approved the disbursement of around EUR900 million to Romania, following a new review of the country’s performance under a EUR13 billion standby agreement. citeşte tot
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Romania Fin Ministry Rebuked Over Insufficient Data In Fiscal Strategy
Romania’s Fiscal Council Friday criticized the Finance Ministry for its lack of details regarding the revenue forecasts included in the 2011-2013 fiscal strategy and recommended the ministry present the macroeconomic fundamentals considered for each revenue category. citeşte tot
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Romania Ctrl Bker: A New IMF Deal To Ensure Lower Borrowing Costs
Romania needs additional financing from international lenders and a new agreement with the International Monetary Fund would ensure lower borrowing costs, according to Lucian Croitoru, adviser to the central bank governor Mugur Isarescu. citeşte tot
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Romania Likely To Miss 2011 Deficit Target - Ctrl Bker
Romania is unlikely to meet its budget deficit target for 2011, because of its weak economic performance, a central bank official said Thursday. citeşte tot
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Romania August Private Lending Up 0.2% On Month
Romanian private lending inched up 0.2% in real terms to 207.6 billion lei (EUR1=RON4.2511) in August from the month earlier, central bank data showed Thursday. citeşte tot
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S&P Cuts Rompetrol To 'B', Puts It On Watch Negative On Political Risk
Standard & Poor's Ratings Services Wednesday cut its long-term corporate credit rating on Romanian oil refining and marketing company Rompetrol Group N.V. to 'B' from 'B+' and placed the rating on CreditWatch with negative implications, citing political risks. citeşte tot
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Romania Drafts Loan Restructuring Guides
Romanian Finance Ministry, together with the central bank and several other banking institutions, drafted two guides for settling loan payment issues outside legal courts. citeşte tot
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Romania Must Set Realistic Date For Euro Adoption - President
Romania must set a realistic goal for the euro adoption, a target that should be based on the country’s actual economic development, President Traian Basescu said Tuesday. citeşte tot
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Romanian President Says Worst Of Recession Over
The recession has bottomed out and Romania is on its way to economic recovery, President Traian Basescu said Tuesday. citeşte tot
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Romania To Sign New Deal With IMF In 2011 - President
Romania will sign a new loan agreement with the International Monetary Fund in 2011 to finance its budget deficit, President Traian Basescu said Tuesday. citeşte tot
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EU: Romania Took Effective Action To Lower Budget Gap
Romania has taken effective measures to lower its budget deficit to below 3% of the gross domestic product by the 2012 deadline, the European Commission said in a statement Tuesday. citeşte tot
