Expats

The Romanian Leu opened the week at a record low against the European currency ?RON 4.4373 for one euro. Analysts ... [May 14, 2012] The National Bank of Romania (BNR) yesterday announced a new record low for the reference exchange rate, at 4.4373 RON/EUR, although the Romanian currency exceeded 4.44 RON/EUR in mid-day trading, as dealers say that the Central Bank did not intervene of a visible manner in the market. [via YahooNews] More >>

Romania currency lowered to junk status [Nov 30, 2011] Standard & Poor's rating agency has lowered the rating of Romania's currency to junk status. [via YahooNews] More >>

Romania set to join eurozone in 2015: PM [Apr 30, 2011] (BUCHAREST ) - Romania is determined to adopt the single European currency in 2015, despite a faltering economy and turbulence in the eurozone, Prime minister Emil Boc said Friday. [via YahooNews] More >>

Romania Drops Target to Adopt Euro by 2015 [Apr 25, 2011] The Romanian government has dropped its target to adopt the Euro by January 1, 2015, according to a new strategic document. According to Romanian agency Mediafax, the government has dropped a specific deadline to adopt the common currency, but has kept the initial deadline to enter the Euro adoption preparation mechanism, ERM-II. The new government convergence program for 2011-4 previews Romania ... [via YahooNews] More >>

Romania May Use Stronger Leu to Contain Prices, World Bank Official Says [Apr 21, 2011] Romania?s central bank may allow its currency strengthen to help bring the inflation rate within its target this year, the World Bank ?s economist to the country said. [via YahooNews] More >>

Romanian currency reaches new peak at 4.2108 RON/EUR [Mar 02, 2011] The Central Bank (BNR) announced yesterday a reference exchange rate of 4.2108 RON/EUR and 3.0403 RON/ USD. This is the highest rate for the Romanian currency after June 3, 2010 when BNR posted a reference exchange rate of 4.2150 RON/EUR. An ING Bank forecast takes into account a correction of the exchange rate after March, with the Romanian currency going down towards 4.25 RON/EUR, even 4.3 RON ... [via YahooNews] More >>

Romanian Leu Hits New Low [Jun 29, 2010] Romania's currency sank to a fresh record low against the euro after the government said the economy would contract more than expected in 2010 and investors mulled the possibility over a prolonged period of political instability. [via YahooNews] More >>

Romanian currency at record low after tax hike [Jun 28, 2010] Romania's currency on Monday slumped to a record low after the government announced it would hike the sales tax to raise revenue. [via YahooNews] More >>

Romanian currency at record low after tax hike [Jun 28, 2010] Romania's currency has slumped to a record low a day after the government announced it would hike the sales tax to raise revenue. Romania - Government - International Monetary Fund - Business - Motion of no confidence [via YahooNews] More >>

Romanian currency at record low after tax hike [Jun 28, 2010] Romania's currency has slumped to a record low a day after the government announced it would hike the sales tax to raise revenue. [via YahooNews] More >>

(AFX UK Focus) 2010-03-30 11:32 UPDATE 1-Romania may ask for more IMF assistance - report [Apr 01, 2010] (Adds more details, IMF deal, comment, currency) BUCHAREST , March 30 - Romania will probably ask for a flexible credit line or a standby assistance deal with the International Monetary Fund after its current deal expires, President Traian Basescu was quoted as saying on Tuesday. [via YahooNews] More >>

(AFX UK Focus) 2010-03-30 11:32 UPDATE 1-Romania may ask for more IMF assistance - report (Interactive Investor) [Mar 30, 2010] (Adds more details, IMF deal, comment, currency) BUCHAREST, March 30 - Romania will probably ask for a flexible credit line or a standby assistance deal with the International Monetary Fund after its current deal expires, President Traian Basescu was quoted as saying on Tuesday. [via YahooNews] More >>

Romania Inflation Rate Fell as Leu Strengthened, Survey Shows (Bloomberg) [Mar 09, 2010] March 9 (Bloomberg) -- Romania?s inflation rate probably fell in February as a stronger currency pushed down prices of imports and other items sold in euros, according to a survey. [via YahooNews] More >>