Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Daily

ING: Romania’s central bank spends EUR 1 bln to keep exchange rate under control

Wednesday, October 4, 2017

Romania’s National Bank (BNR) has spent from its reserve up to EUR 1 billion to keep the exchange rate below RON 4.6/EUR 1, ING Bank experts estimate, romania-insider.com reports Inflationary pressures have accumulated after the Romanian state increased the excise fuel and announced increases in the price of energy and possible increases in gas prices. ING has revised upwards its inflation ...

ROBOR at three months up to 1.80pc

Wednesday, October 4, 2017

The Romanian Interbank Offered Rate (ROBOR) index at three months, used for variable-rate loans, has continued to hike on Tuesday to reach 1.8%, while 6-months ROBOR index has climbed to 1.89%, according to data released by the National Bank of Romania (BNR) on Tuesday. Finance Minister Ionut Misa has said on Tuesday, after a meeting with the BNR representatives, that the ROBOR increase is related to issues of market liquidity, given that the tax ...

BNR decided to keep unchanged the monetary policy rate at 1.75 percent per annum

Wednesday, October 4, 2017

171004104356PTgwMCZoYXNoPTRkZDY5ODNjYjQ4ZDM5MGVmMDA5ZTdmYTU0MDNlYmU1.thumb.jpg

At a meeting on Tuesday, the Administration Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum, according to a BNR press ...

Euro trades at 4.5860 lei on Tuesday

Wednesday, October 4, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Tuesday by the banks authorized to operate on the currency market is as ...

FIC: Romania can become one of top 10 EU countries in 20 years, but that requires daily work

Wednesday, October 4, 2017

Romania's place is among first ten economies of the European Union (EU) and we can get there in 20 years' time if we take certain measures to be implemented day in, day out, Eric Stab, Chairman of the Foreign Investors Council (FIC), told a news conference on Tuesday. "We are convinced that Romania can become one of the first ten economies of the European ...

ANRE postponed to increase the price of gas

Wednesday, October 4, 2017

171004104451download.jpg

The National Energy Regulatory Authority (ANRE) has postponed the decision to increase the price of gas for household consumers until the approval by Parliament of Government Emergency Ordinance 64/2016, with the change to the end-price to take effect on ...

EC finishes analyzing candidatures for European Medicines Agency

Wednesday, October 4, 2017

The European Commission completed analyzing the candidatures of the European cities running to host the headquarters of the European Medicines Agency (EMA) and the European Banking Authority (EBA) on September 30, romania-insider.com rinforms. Bucharest competes with other 18 cities to host the EMA office. The EC had to analyze all offers until the end of September based on criteria ...

IN AUGUST, INDUSTRIAL PRODUCTION PRICES INCREASED BY 0.7%

Wednesday, October 4, 2017

In August 2017, industrial production prices for the total (domestic market and non-domestic market) increased by 0.7% compared to July 2017. Industrial production prices for the total (domestic market and non-domestic market) increased by 4.1% in August 2017 compared to August ...

President Klaus Iohannis welcomed his Croatian counterpart Kolinda Grabar-Kitarovic at the Cotroceni Palace

Tuesday, October 3, 2017

171003100913original_vizita_presedintelui_croatiei___2_oct_2017_13.jpg

President Klaus Iohannis welcomed his Croatian counterpart Kolinda Grabar-Kitarovic on Monday, at the Cotroceni Palace, within the state visit she is paying to Romania until Wednesday, at the invitation of the Romanian head of state. Kolinda Grabar-Kitarovic was received by Klaus Iohannis on the Cotroceni Palace's ceremony ground. President Iohannis was accompanied by presidential advisers Ion Oprisor, Bogdan Aurescu, Leonard Orban, Andrei ...

Romania and Bulgaria will Discuss Bilateral Relations in Varna Today

Tuesday, October 3, 2017

On October 3 the cabinets of Bulgaria and Romania will hold a joint intergovernmental sitting in the coastal city of Varna, novinite .com informs. The two countries are expected to sign bilateral agreements in transport, power engineering, labour and social policy, internal affairs and economy fields. Varna will also host on the same day a quadrilateral meeting between Bulgaria’s Premier Boyko Borissov, Greece’s ...

ForMin Melescanu: Romania is interested in cooperating with Visegrad Group countries

Tuesday, October 3, 2017

1710031010122017.10.02_tm_ungaria_mae0837.jpg

Romania will participate in a week, in Budapest, in the meeting of the countries of the Visegrad Group, our country being interested in the cooperation with these states, Foreign Minister Teodor Melescanu said on Monday in western Cluj-Napoca, after a working meeting with his Hungarian counterpart Péter Szijjártó. "With Hungary's taking over the Presidency and tackling some topics that are of interest to Romania as well, such as ...

Minister Peter Szijjarto : a new motorway and a new high speed train between Romania and Hungary will upgrade in the future years

Tuesday, October 3, 2017

The Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto communicated on Monday in western Cluj-Napoca that the transport connections between Romania and Hungary will upgrade in the future years with a new motorway and a new high speed train. The Hungarian Minister Peter Szijjarto and his Romanian counterpart, Teodor Melescanu, participated together in Cluj-Napoca in a press conference at the Faculty of European Studies of Babes-Bolyai University ...

DefMin Fifor: Defence Ministry, on schedule to acquire military equipment and hardware

Tuesday, October 3, 2017

The Ministry of National Defence (MApN) is "on schedule" with the acquisition of military equipment and hardware for this year, Defence Minister Fifor said on Monday. "The procurement system is a regulated system, it is a law-based system and we can only respect the law that we have at the moment. This does not mean that the Ministry of National Defence is not on schedule, the schedule we have set for this year. As I said previously, we will achieve ...

BNR: Romania currency reserves stood at 33.30 billion euro on September 30

Tuesday, October 3, 2017

 The National Bank of Romania currency reserves stood at 33.30 billion euro on September 30, down by 4.67 pct as compared to the level at the end of the previous month, reads a press release of the institution sent on ...

The Robor  interest starts the week on the upwards  with 8.2% against Friday at 1.71%

Tuesday, October 3, 2017

The Robor indicator with maturity at 3 months which  determines the way the cost of loans in lei is settled with variable interest continued  its growth and today,starting the week at 1.71% against 1.58% on Friday. At the beginning of  September,the indicator was quoted at 0.92% , Ziarul Financiar says.. The banks resumed the offensive of loans,after a period when loans were scarce, increasing the rhythm  with 1-3% annually.Total ...

The BNR answer to the premier’s attack: they are political statements; the rates and the interests for deposits will grow

Tuesday, October 3, 2017

Eugen Radulescu, the manager of the department for financial stability of BNR stated on Saturday within a press conference in Sinaia, that the statements on Friday of premier Mihai Tudose are some’ political statements’ which require no answer, but he draws the attention that he expects increase of the rates and interests for deposits. Premier Mihai Tudose stated on Friday when referring to the increase of the level of the Robor indicator ...

Romania has to give back 4.7 million euro to the EU in October

Tuesday, October 3, 2017

171003101133Euro.jpg

Romania has to pay 4.7 million euro in October to the European Union from the stand-by loan contractd in 2009, according to the data sent by the ministry of public finances (MFP). The peak of payment of this year was in September when a sum of over 1.179 billion euro was reimbursed both to the EU and the World Bank. The biggest part of the sum was paid to the EU, over 1.177 billion euro and 2.4 million euro to the World bank. The sum to the EU ...

Euro trades at 4.5871 lei on Monday

Tuesday, October 3, 2017

The exchange rate of the national leu currency resulting from the quotations announced on Monday by the banks authorized to operate on the currency market is as ...

Reuters: Romania plans to sell 2.44 bln lei of debt in Oct

Tuesday, October 3, 2017

Romania's finance ministry aims to sell 2.44 billion lei ($624.74 million) worth of leu currency bills and bonds in October, including 240 million lei at non-competitive rounds of auctions, it said on Monday, Reuters reports. Debt managers sold debt worth 3.68 billion lei in September. In October, they have scheduled five bond tenders with residual maturities ranging from 1.4 to 6.6 years, and one auction worth 600 million lei ...

Fondul Proprietatea's Konieczny: Romanian capital market cannot become emerging without listing Hidroelectrica

Tuesday, October 3, 2017

The Romanian capital market cannot become emerging without trading Hidroelectrica, and this is not doable now because of the issues that are keeping with the corporate governance and the non-core assets, the CEO and Portfolio Manager of Fondul Proprietatea (FP) Greg Konieczny told Agerpres. "We are talking from top to bottom, there is no supervisory board to lead the company to an IPO, there is no long-term board, to father a long-term strategy for ...

Premium News

Daily

Monday, October 23, 2017

Financial & Banking

Monday, October 23, 2017

Economic

Tuesday, October 17, 2017

Companies

Wednesday, October 18, 2017

Energy & Environment

Thursday, October 19, 2017