Romanian Leu Dips Vs Euro In Quiet Market
Romania’s leu weakened slightly against the euro amid a quiet session Friday, closing at 4.3465/4.3485 units, from 4.345/4.346 units a day earlier.
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Romania’s leu weakened slightly against the euro amid a quiet session Friday, closing at 4.3465/4.3485 units, from 4.345/4.346 units a day earlier.
Romanian economy grew at an annualized rate of 2.5% in 2011, mostly fueled by higher exports and a good farming harvest, President Traian Basescu estimated Thursday.
Romanian state-run airline Tarom has narrowed its losses by 24.2% to 252.18 million lei (EUR58.1 million) in 2011, from RON332.5 million a year earlier.
Romanian milling and bakery company Titan (MPN.RO) estimates its sales will drop by roughly 5% to 331.6 million lei (EUR76.4 million) in the financial year to end in September, from
Romanian IT and electronics retailer Flanco posted a 40% increase in its sales to around EUR19.5 million in December and estimates full-year sales have reached EUR110 million, 38% higher
Romania’s national roads authority CNADNR on Monday signed a 161.03 million lei (about EUR27.4 million) contract with Romanian-Italian consortium CCCF Drumuri si Poduri Timisoara -
Romania’s leu traded in ranges against the euro in late session Friday and closed slightly weaker on the day, after a lackluster day.
Romania’s leu weakened slightly against the euro Thursday and closed at 4.356/4.357 units, amid a quiet market and low volumes.
Swiss fertilizer and grains trader Ameropa Holding concluded “a series of agreements” with the Turkish investors owning Azomures (AZO.RO), to buy the Romanian fertilizer maker.
Romania’s leu lost early gains versus the euro in late trade Monday and closed slightly weaker on the day, amid low volumes.