January 11, 2019

Romanian central bank, Government blame each other for currency weakening
Jan 11, 2019

Romanian central bank, Government blame each other for currency weakening.
The nominal exchange rate of the Romanian currency RON versus the euro stabilised and fluctuated within a +/-1% band during the second half of 2018, amid certain improvement of economic fundamentals (including lower inflation), but the new taxes introduced by the Government by emergency (...)

[Read the article in Romania Business Insider]

Deputies' spending at almost 92 ml lei in first six months of the year The deputies' spending in the first six months of the year amounts to 91,849,485 lei, shows data released on the website of the Chamber of Deputies. The month-by-month breakdown is as follows: January - 14,294,989 lei; February - 14,362,077 lei; March - 16,018,184 lei; April - (...)

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Fondul Proprietatea Disposed Of Its Holding In BRD For RON201M In 1H/2019 Investment fund Fondul Proprietatea (FP.RO) has disposed of its 2.4% stake in BRD – Groupe Societe Generale, for RON201 million, the company said Friday in its half-year report.

BT: Romania GDP May Slow Down Growth Rate From 4.1% In 2018 To 3.8% In 2019 And 3.3% In 2020 Romania’s gross domestic product moderated at 4.4% year-over-year in the second quarter of 2019, from 5% in the first quarter, amid global economic tensions, an evolution below the potential in the eurozone – the main economic partner, and amid challenges regarding the domestic macroeconomic (...)

Political fight should be kept in Romania, never be outsourced Prime Minister Viorica Dancila suggested to Dacian Ciolos, chairman of the PLUS (Party of Liberty, Unity and Solidarity, ed. n.) to make an analysis of his own activity as European Commissioner, after the leaders of USR (Save Romania Union, ed. n.) PLUS criticised the nominations by the ruling (...)

IAR Brasov 1H Net Profit Nearly Triples YoY To RON39M Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) on Friday said it registered a net profit of RON38.9 million in the first half of 2019, nearly threefold higher than in the year-earlier period, and a turnover of RON206 million, up 174% on the (...)

Purcari Wineries Group 1H Revenue Up 25% YoY To RON88M, Net Profit Up 7% To RON17M Purcari Wineries Group ended the first half of 2019 with revenue of RON87.7 million, up 25% year-over-year, and a net profit of RON17.1 million, up 7% compared with the year-earlier period. : all romanian news. Copyright © DIRECTWAY | News RSS |