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.
BNR's forex reserves rise to EUR 35.830 bln, end-February
As of February 29, 2020, the forex reserves of the National Bank of Romania (BNR) rose by 0.9 pct, to EUR 35.830 billion, from EUR 35.505 billion at January 31, 2020, the central bank announced in a release sent to AGERPRES on Monday.
Romania borrows money at -0.11pct interest rate, first time to raise money at negative interest rates
For the first time in history, Romania on Thursday borrowed money at a negative interest rate, acting Finance Minister Florin Citu announced on Thursday at the opening of a government meeting.
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.
Industrial production prices up 3.9pct in December 2019
Industrial production prices (domestic and foreign market) increased 3.9 percent in December 2019 compared to the same month of 2018 and 0.3 percent against the previous month, according to the data published by the National Institute of Statistics (INS) on Tuesday.
Arrivals at Romania's tourist accommodation establishments advance 3.6pct in 2019, y-o-y
Arrivals at Romania's tourist accommodation establishments January 1 - December 31, 2019 totalled 13.268 million people, up 3.6% from the same period of 2018, according to data with the National Institute of Statistics (INS).