Advanced Economic Blog

Rate fell below 4.07 lei / euro to end the day, increasing volumes

Currency appreciated to the session on Wednesday interbank and stock prices have fallen below 4.07 lei / euro, given the players' local currency sales and increasing volumes, according to dealers.

Business 19 May 2013


ConocoPhillips profit increased 50% in the first quarter to three billion dollars

U.S. oil group ConocoPhillips profit increased 50% in the first quarter, from $ 2.1 billion in the first three months of last year to three billion dollars, but oil and gas production was below expectations because of the situation in Libya said on Monday.

News 16 May 2013


Listing of the Fund on a foreign stock exchange would require a secondary offer of sale

Listing of the Fund (PF) on foreign exchange would require a secondary offer of sale, and the main shareholder to carry out this action is the Romanian state, said Greg Konieczny, fund manager of FP.

Local 14 May 2013


UPDATE: The stock market closed up 0.64%, and the BRD shares provided 80% of turnover

(Adds information in paragraphs 12-15, 17)

Local 13 May 2013


A hacker stole data of 77 million users of Sony PlayStation

Sony warned 77 million users of online services PlayStation Network and Qriocity it is possible that data on credit cards, addresses and other personal information have been stolen by a hacker, transmit Bloomberg.

Business 12 May 2013


ROP funding for two projects, 61 million for the Calimanesti-Căciulata

Minister of Regional Development and Tourism, Elena Udrea, signed on Wednesday forthe two contracts for European funding for a road upgrading and extension of the tourist resort Calimanesti-Căciulata, total value of projects being 61.38 million lei.

News 11 May 2013


Greek bond yields reach new records, the two years exceed 25%

Issued by the Greek bond yields reached Thursday, November records, the titles for two years and reached more than 25%, amid investor fears that Greece will have to restructure, transmit Bloomberg.

Local 03 May 2013


Dollar, the last three years minimum to a currency basket, before the Fed decision on interest

The dollar reached Wednesday, a minimum of the last three years against a basket of six major currencies and is about to descend to the lowest level ever, given expectations that the Federal Reserve (Fed) to delay the increase key interest, compared with other central banks.

Entertainment 01 May 2013


UPDATE: The listing of the Fund on a foreign stock exchange would require a secondary offer of sale

(Add information and statements of the fund manager of FP, in paragraphs 5 to 16)

Local 30 April 2013


Social contributions deducted only if there are guarantees that the deficit will be below 3% in 2012

Reducing social contributions for employers can be operated unless there is assurance that the fiscal targets will be met in 2011 and 2012, when the budget deficit should fall below 3% of GDP, consider the International Monetary Fund (IMF).

Entertainment 28 April 2013


Vasilescu: Eurostat was informed of the differences between the NBR and the NIS, but MFP provides the raw data

Eurostat was informed by the INS on the differences between non-financial accounts and data on financial accounts by the central banks, both institutions working with primary information provided by MFP, AFP said Adrian Vasilescu, adviser to the BNR Governor.

News 27 April 2013


Logan compete with Mercedes and Maybach SLS for the title of "legend on wheels" of the decade. View here the list of competitors

Auto experts see the publication Automotive News Europe has selected Logan and nine other models, including Mercedes SLS and Maybach cars as top of the last ten years, one of them will receive the distinction "legend on wheels" of the decade.

Entertainment 26 April 2013


Leo went on slight depreciation. Current exchange rate rose to 4.0767 lei / euro

Currency depreciation has gone on mild mid session on Wednesday, so that the National Bank of Romania (BNR) has published a reference in money growth by 0.32 to 4.0767 lei / euro.

Entertainment 20 April 2013


Volksbank International stock funds 70% of the branch in Romania, with 3.53 billion euros

Exposure group Volksbank Romania is 3.53 billion euros, covering over 70% of the Bucharest branch balance of 4.8 billion euros, which was late last year resources from non-bank customers of 580 million and the remaining funds from other financial institutions.

Business 18 April 2013


Volkswagen profit rose in the first quarter to 1.6 billion, supported by sales in China

Profit Volkswagen, Europe's largest automaker, has almost four times in the first quarter from 423 million in the first three months of last year to 1.6 billion, supported by very good results of the group brands china.

Business 17 April 2013


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