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ZF English

Mugur Isarescu promises stabler euro, livelier dollar

Euro will be more stable on the forex market in Bucharest this year following its 16.8 percent leap in 2003, as the depreciation of the ROL against the single currency should not exceed 10 p...

Razvan Voican · 19.02.2004 · 00:00 · 2 min
ZF English

One billion dollar sales, yesterday's news for new retailers in Romania

One billion dollars. That is how high the sales of the "new retail types" were in Romania last year, over 50% more than the year before. Moreover, the value might come close to $1.5bn, the t...

Ionut Bonoiu · 14.10.2003 · 00:00 · 2 min
ZF English

US dollar growth prompts Romanian banks to revise exchange rate forecasts

Romanian banks have revised their yearend forecasts on the exchange rate of the domestic currency against the two benchmark foreign currencies - the US dollar and the euro, given the last we...

Ionela Nuta · 27.08.2003 · 00:00 · 2 min
ZF English

Greenspan's estimates send dollar higher, euro slips to two-month low

The US dollar yesterday climbed to the last two months' record-high against the single European currency (1.1125 USD/EUR), following an optimistic assessment of the American economy prospect...

Ionela Nuta · 17.07.2003 · 00:00 · 2 min
ZF English

10 million dollar deal on natural gas distribution market

VitalGaz, Romania's largest natural gas distributor, was sold by its main shareholder (the Romanian Post-Privatisation Fund - FRPP) to the US energy investment group Pelagas Ltd. The $10m de...

Laurentiu Ispir · 26.06.2003 · 00:00 · 3 min
ZF English

US dollar takes another plunge on Romanian market

How low can the dollar go without impacting on the Romanian economy? Without demand for USD loans soaring again? How high can the euro go without messing the forecasts of the central bank, w...

Ionela Nuta · 26.05.2003 · 00:00 · 2 min
ZF English

In Romania, the dollar has already won the war against Iraq

It took the US dollar only one day to bounce back to its early 2003 quotations, after almost three months of decreases. The National Bank of Romania (NBR) yesterday calculated an exchange ra...

Ionela Nuta · 19.03.2003 · 00:00 · 2 min
ZF English

Euro surge joined by US dollar plunge to four-time low

Neverending nightmare for those unlucky enough to have euro-denominated credits or leasing contractsIn only three days (since the beginning of March), the ROL exchange rate against the singl...

Ionela Nuta · 06.03.2003 · 00:00 · 2 min
ZF English

Patriciu crosses the one billion dollar threshold

Rompetrol Group's turnover last year was in excess of one billion dollars, which brings Dinu Patriciu, company chairman, one step closer to the medium-term goal announced: outrunning SNP (Na...

Dorin Oancea · 17.02.2003 · 00:00 · 2 min