Romanian Power Company Oltenia Gets The Go-Ahead
Romanian Economy Ministry Tuesday approved the merger of mining company Societatea Nationala a Lignitului Oltenia (SNLO) and energy producers Turceni, Craiova and Rovinari into a single
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cele mai relevante primeleRomanian Leu Strengthens Vs Euro In Early Trade
The Romanian leu opened slightly weaker against the euro on Thursday, but it soon recovered and started gaining ground against the European coin as a hedge fund started buying lei,
Romanian Hydropower Output Slumps Due To Prolonged Drought
A prolonged drought in Romania for the last six months has lowered the output of state-run hydropower generator Hidroelectrica to 6.6% of the country’s total production, from around
Romanian Leu Up Vs Euro In Early Trade
Romania’s leu edged higher against the euro Monday morning and traded below 4.34 units amid low volumes.
Romanian Insurance Regulator Approves Ardaf, Generali Asigurari Merger
Romanian insurance regulator CSA approved on November 22 the transfer of insurer Generali Asigurari’ policy portfolio to insurer Ardaf, and the merger of the two companies.
Moody’s Puts Romanian BRD On Review For Downgrade
Moody's Investors Service placed under review for downgrade the ratings of Romanian bank BRD-Groupe Societe Generale (BRD.RO), following the recent downgrade of French parent bank's
Romanian Authorities Suspend Hidroelectrica Auction Over Complaint Surge
Romanian authorities decided to suspend an auction held by hydropower producer Hidroelectrica, for a computer system in a contract worth an estmated 47.4 million lei (some EUR10 million
Romanian Teraplast Sells Ceramic Tile Business For EUR1M
Romanian construction materials maker Teraplast (TRP.RO) Wednesday said it has sold its ceramic tile business to Teracota Bistrita, for EUR1 million.
IMF: Romanian Banks Not In Danger Of Collapsing
Romanian banking system remains rather balanced, despite some deleveraging from parent banks, and it is highly unlikely that one of the lenders should collapse, an official of the International
Romanian Hidroelectrica Terminates Bilateral Contracts With Four Companies
Romanian state-owned hydropower producer Hidroelectrica terminated all direct sale contracts it had with SNLO, Salrom and CLMB Patinoar Brasov, while Luxten Lightning ended the contract