Fitch Ratings Affirms City Of Bucharest at 'BBB-'; Outlook Stable
Fitch Ratings on Friday affirmed the Romanian city of Bucharest's long-term foreign currency issuer default rating at 'BBB-', long-term local currency IDR at 'BBB' and short-term foreign currency (...)
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Bucharest Stocks Close Up, Traded Value Hits 4-Month High
The Bucharest stock market closed higher Friday amid traded value worth RON090.35 million (EUR20.33 million), the highest value in the last four months, supported by deals with BRD Groupe Societe (...)
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Yazaki To Invest EUR2M In Extending Arad-Based Plant
Japan’s car part manufacturer Yazaki will extend its Arad-based plant by 4,000 square meters by July, following EUR2 million investments, Yazaki Component Technology said in a (...)
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Isarescu: Central Bank Agrees With Reasonable Burden-Sharing Solutions For Swiss Franc Loans
Romania’s central bank agrees with burden–sharing solutions for persons who have loans in Swiss francs and banks, but reasonable and balanced solutions, applied individually, as each case is (...)
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Leu Ends Flat Vs Euro, Continues Upward Trend Vs Swiss Franc
Romania’s leu was little changed against the euro in late action Friday, closing at 4.443 per euro, from 4.442 to the euro at Thursday close.
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Hidro Tarnita Gets Five Bids For EUR1B Hydropower Plant Project
Romanian state-run company Hidro Tarnita has received bids from five potential investors, by the January 30 deadline, interested in the construction of a 1,000-megawatt hydropower plant in (...)
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Romania Sets "Ambitious" Plan For Debt Sales in February
Romania’s Finance Ministry plans to raise almost 5 million lei (EUR1.13 billion) at debt auctions in February, the highest monthly plan in four years.
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NATO to deploy troops in Eastern Europe, including Romania
NATO will deploy small units in six eastern European countries to help co-ordinate a spearhead force set up in response to Russia’s actions in Ukraine. The 28-nation military alliance will send (...)
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Romania's Energy Exports Hit 10-Year High In 2014
Romania’s energy exports, accounting for 15% of the output, touched the highest level in the last ten years in 2014, on the backdrop of lower prices compared with the European average and several (...)
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Venice Carnival to include concert dedicated to Romanian composer
This year’s edition of Carnival of Venice will also feature a concert dedicated to well-known Romanian composer George Enescu. Violinist Vlad Maistorovici and pianist Diana Ionescu will go on (...)
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Swiss Franc Loan Conversion Talks Could Lead To Higher Borrowing Costs For Romania, Isarescu Says
Discussions about the conversion of Swiss franc loans at lower exchange rates could hurt Romania’s chances to get reduced costs at its next Eurobond issue, central bank governor Mugur Isarescu (...)
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Romanian GPS device market steers to EUR 5.5 mln this year
The local GPS device market might go up to EUR 5.5 mln this year, as Romanians buy more expensive products that offer more features. Romanian GPS navigation users want free map updates, larger (...)
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Romanian FM qualifies the attack in Mariupol as a test for the international community, says the EU's firm response is needed
Romanian Foreign Affairs Minister Bogdan Aurescu qualified the attack of Mariupol as a test for the international community, also probing the response of the European Union, which should come up (...)
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Romanian Simona Halep, best dressed player at Australian Open
Romanian tennis player Simona Halep was voted best dressed player at this year’s Australian Open. Her purple adidas dress received 41% of the votes, reports wtatennis.com. Russian Maria Sharapova (...)
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Four Romanian MEPs nominated for "The Parliament Magazine" annual awards, PM Ponta congratulates them
Prime Minister Victor Ponta congratulated on Friday the Romanian members of the European Parliament nominated for the annual prize awarded by ‘The Parliament Magazine.’ Social Democrats Daciana (...)
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Mariupol attack a test for international community, including EU reaction
Foreign Affairs Minister Bogdan Aurescu qualified the attack of Mariupol as a test for the international community, also probing the response of the European Union, which should come up with a (...)
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Fondul Proprietatea reduces share capital after cancelling 252,858,056 shares
The Financial Supervisory Authority (ASF) has approved the reduction in the subscribed share capital of the Fondul Proprietatea -Proprietatea Fund (FP) to 11.575 billion lei (1 euro = 4.4585 (...)
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Romanian banking system loses 3.584 billion lei in 11 months of 2014
Romania’s banking system ended 11 months of 2014 with losses of 3.584 billion lei, in line with the IFRS standards, according to a presentation by Romania’s Central Bank (BNR) Governor Mugur (...)
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President Iohannis congratulates the Romanian-German Chamber of Commerce, hails Germany as Romania's main trade partner
President Klaus Iohannis asserted on Thursday that roughly 20 percent of Romania’s foreign trade is carried out with Germany, ‘an authentic European model’ in terms of innovation, a release of the (...)
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BNR warns: Conversion of the Swiss Franc credits at the historical rate would generate 5.7 billion lei in losses
A conversion of the Swiss Francs credits into the Romanian currency (lei) at the historical rate would generate 5.7 billion lei in losses (0.8 pct of the Gross Domestic Product), and the (...)
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Democratic Liberal Party (PDL; merged with the National Liberal Party - PNL to form new PNL) chairman, Vasile Blaga, has stated, on Friday, at the end of PDL's National Steering College meeting, that the state budget law for this year created "huge discrepancies among counties".
Prime Minister Victor Ponta, Social Democratic Party (PSD) Chairman, in Sinaia, on Friday, said that he would go in Parliament to present the governance priorities for the first semester, as they were being discussed in the meeting of the PSD National Executive Committee.
National Defence Minister Mircea Dusa on Friday had a telephone conversation with his counterpart of the Federal Republic of Germany Ursula von der Leyen, informs a release of the National Defence Ministry (MApN) press office remitted to AGERPRES.
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