George Banciulea

Bucharest Stock Exchange, down almost 10 pct Monday morning

Bucharest Stock Exchange (BVB) opened Monday's session down, and 10 minutes in, it recorded transactions worth 14.23 million lei (2.9 million euros). The main BET index, indicating the trend of the 15 most liquid companies, registered a decrease of 9.79 pct, to 8,520.67 points, and the BET-Plus index, which shows the trend of the 37 most liquid titles from BVB, was down 9.56 pct.

Central bank's Vasilescu: The entire collapse of the national currency was worth 2 bani

The collapse of the national currency, which has gone from 4.7 RON to 4.8 RON per euro, is worth 2 bani (the lowest subdivision of the Romanian currency, 100 bani equals 1 RON - e.n.), and presently it doesn't even reach that, said on Sunday Adrian Vasilescu, strategy consultant at the National Bank of Romania. "There is much talk these days.

Minister Bolos: European money for research must produce real impact on Romanian economy

Bucharest, March 8 /Agerpres/ - European money for research must produce a real impact on the Romanian economy, says the Minister of European Funds, Marcel Bolos, in a press release from the relevant ministry, stating that the revival of the Romanian research through substantial non-refundable financial allocations is one of the locomotives of economic growth.

Romania's hourly labour cost up over 12pct in Q4 of 2019

In Quarter IV 2019, the adjusted hourly labour cost (business days adjusted) registered a decrease rate of 0.27 percent compared to the previous quarter and an increase of 12.03 percent compared to the same quarter of 2018, according to data published by the National Institute of Statistics (INS) on Thursday.

IAEA reviews recent developments in Unit 1 of Cernavoda n-power plant refurbishment

An International Atomic Energy Agency (IAEA) team of experts has completed a review of long term operational safety at the Cernavoda Nuclear Power Plant (NPP) in Romania. The Pre-SALTO (Safety Aspects of Long Term Operation) review mission was requested by the plant's operator, Societatea Nationala Nuclearelectrica SA.

BNR's Isarescu: International borrowing, proof of responsibility, deficits are worrisome

International borrowing is proof of responsibility, but the country's deficits are worrisome, the governor of the National Bank of Romania (BNR), Mugur Isarescu told a press conference, when asked about the latest loans contracted by the Ministry of Public Finance. "Worrisome, an element of concern or as you might want to call it, not of panic, however, are the country's deficits.

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