Gabriela Stan

Romanian Leu Ends Higher Vs Euro On Regional Trend

17:09, 01 Apr. 2009
The Romanian leu closed at RON4.2280/RON4.2310 against the euro Wednesday, higher compared with RON4.2390/RON4.2415 to the euro at Tuesday’s closing, following the upward trend of emerging currencies.

Romanian Econ Min Aims Getting EUR2.5B From Greenhouse Gas Emissions Trades

16:54, 01 Apr. 2009
Romanian Economy Ministry drew up a government decision draft by which it plans to manage trades with greenhouse gas emissions certificates, which might bring between EUR1.25 billion and EUR2.5 billion to the state budget.

Romania’s Budget Revision Stipulates Public Jobs Freeze – Sources

16:33, 01 Apr. 2009
Romania’s budget revision, following the loan agreement with the International Monetary Fund and European Commission, stipulates the freezing of public jobs in order to cut budget expenses, ministerial sources told MEDIAFAX Wednesday.

IMF To Reply To Romania’s Letter Of Intent Next Wk – Sources

15:41, 01 Apr. 2009
The International Monetary Fund informed the Government it will send early next week a reply to Romania's letter of intent on closing a financing agreement, sources close to the matter told MEDIAFAX Wednesday.

Romanian PM, Mins To Discuss IMF Loan With Parliament Officials Next Wk

14:36, 01 Apr. 2009
Romanian Prime Minister Emil Boc and part of the ministers will discuss next week the agreement with the International Monetary Fund, with the two Parliament Chambers' Standing Offices and the Budget-Finance Commissions.

Romania’s EnergoNuclear Hldrs Might Name GM Thursday

14:31, 01 Apr. 2009
Shareholders of EnergoNuclear, the joint venture that will build nuclear reactors 3 and 4 at Romania’s nuclear power station Cernavoda, will meet for the first time Thursday and may name the company's general manager, among others, sources close to the matter told Mediafax Wednesday.

Romanian Retailers See 17% Lower Sales In ‘09 – UTI

13:50, 01 Apr. 2009
Romanian retailers estimate a 17% drop in 2009's sales, which makes them more cautious on diminishing losses in order to maintain profitability, UTI Retail Solutions general manager Simona Dinca said Wednesday.

Sustainable Growth Under Free Mkt Conditions, Sol To Crisis – Ctrl Bk Official

19:46, 31 Mart. 2009
The solution to the current financial crisis would be a sustainable economic growth, which is possible only under free market conditions, while the international interventionist trend would restrict the private players’ freedom, also in Romania, according to central bank adviser Lucian Croitoru.

Romanian Railway Co CFR Calatori Buys RON43M Diesel Oil From Oscar Downstream

14:17, 31 Mart. 2009
Romania’s state-owned passenger railway company CFR Calatori bought Monday 20,000 tons of Euro 5 diesel oil from Romanian oil trader Oscar Downstream, for 43.2 million lei (EUR1=RON4.2348), in an auction organized at Romanian Commodities Stock Exchange BRM

Romanian Prebet Aiud Shrs To Trade On Bucharest Bourse’s 2nd Tier

14:06, 31 Mart. 2009
Shareholders of Romanian constructions materials producer Prebet Aiud (PREB.RO) approved Thursday the transfer of the company’s shares from Rasdaq market to the Bucharest Stock Exchange’s second tier, the company announced Tuesday.

Romanian Oltchim Hldrs Appoint New Board

13:24, 31 Mart. 2009
Shareholders of Romanian state-owned chemical plant Oltchim Ramnicu Valcea SA (OLT.RO) elected a new Board of Directors, reconfirming the company’s president and general manager Constantin Roibu.

TMK Europe To Cut No Of Romanian TMK-Artrom Slatina Board Members

13:20, 31 Mart. 2009
Russia's TMK Europe, the majority shareholder of Romanian pipe producer TMK-Artrom Slatina SA (ART.RO), plans to reduce the number of board members of Artrom from nine to seven and to name Adrian Popescu, one of the board members, as general manager.

Romanian Aluminum Co Alro To Pay RON205.3M Dividends

12:48, 31 Mart. 2009
Romania's aluminum producer Alro Slatina SA (ALR.RO) plans to pay gross dividends totaling 205.3 million lei (EUR1=RON4.2392) for 2008 financial year, or RON0.2876 per share, half of the dividend paid last year.

Romanian Leu Higher Vs Euro In Early Trade

10:47, 31 Mart. 2009
The Romanian leu opened higher against the euro Tuesday, amid a positive sentiment on regional markets.

O organizaţie de extremă dreaptă a fost interzisă în Germania

10:40, 31 Mart. 2009
Ministerul german de Interne a anunţat marţi interzicerea unei organizaţii de extremă dreaptă, Heimattreue Deutsche Jugend (Asociaţia tineretului fidel patriei), din cauza legăturilor sale cu neonaziştii, relatează AFP.

Romanian Shrs Open Up In Line With Intl Bourses

10:37, 31 Mart. 2009
Romanian shares opened higher Tuesday, after two consecutive days on a downward trend, following the trend of international bourses, amid lower traded values, 55% supported by trades with shares of lender BRD and oil company Petrom.