Romania Leu Moves Higher Vs Euro, Unlike Neighbors
Romanian leu opened down at 4.36/4.362 per euro and hit an early low of 4.367 per euro. Euro sales later helped push the national currency higher.
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Romanian leu opened down at 4.36/4.362 per euro and hit an early low of 4.367 per euro. Euro sales later helped push the national currency higher.
Romanian overdue private loans rose 3.13% on the month to 21.3 billion lei (EUR4.88 billion) in October, equal to 9.58% of the total lending, central bank data showed Friday.
Romania targets a budget deficit of 4.4% of GDP in 2011, of RON24 billion. (EUR1=RON4.362)
Romanian foreign exchange reserves fell to EUR31.74 billion in November from EUR32.2 billion a month earlier, central bank data showed Friday.
Romania’s leu weakened slightly against the euro in late trade Friday, amid low volumes, and closed at 4.359/4.36 to the euro.
Romanian adjusted retail sales rose 2% in October compared with a month earlier, largely fueled by a 12.3% increase in delivery orders and online sales, the statistics institute INS
Romanian industrial sales fell 5.5% on the month in October, on declining demand in the manufacturing sector, the country’s statistics institute INS said Wednesday.
Romanian authorities estimate an economic growth of around 2% in 2011, after a decline of 1.3% in the previous year, broadly fueled by a better-than-expected farming output.
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) Tuesday proposed increasing its capital by 9.3 million lei (EUR2.13 million) to approximately RON15.5 million
Romanian adjusted industrial production rose 4.8% in October compared with the same period a year before, on increases in all sectors, the country’s statistics institute INS said Thursday