Expats

Romania Won?t Cut Rates as Political Turmoil Sinks Leu [Apr 30, 2012] Romania?s central bank will probably refrain from cutting its benchmark interest rate for a fifth consecutive meeting after the government collapsed for a second time this year, weakening the leu, analysts from London to Bucharest said. [via YahooNews] More >>

Instant View: Confidence vote topples Romania government [Apr 27, 2012] BUCHAREST (Reuters) - Romania's government lost a confidence vote on Friday just two months after it took office, raising the prospect of months of political turmoil and questions over its austerity programme. Here is some reaction to the news: MARKET REACTION Romania's leu hit an all-time low at 4.4010 per euro after the news and traded 0.4 percent lower on the day. DAN BUCSA, UNICREDIT TIRIAC ... [via YahooNews] More >>

Romania Frontloads Debt Sales to Avert Risk Appetite Change [Jan 27, 2012] Romania sold a record amount of leu- denominated debt in January at lower yields as it seeks to protect its finances from a possible worsening of the European sovereign-debt crisis. [via YahooNews] More >>

Romanian Central Bank Keeps EU?s Highest Rate Unchanged for Eighth Meeting [May 03, 2011] Romania?s central bank left its main interest rate unchanged for an eighth consecutive meeting as a stronger leu boosted by the European Union?s highest borrowing costs helps curb consumer-price growth. [via YahooNews] More >>

Romania May Hold EU?s Highest Rate as Leu Gains Curb Inflation [May 03, 2011] Romania?s central bank will leave its benchmark interest rate unchanged for the eighth meeting as the European Union?s highest borrowing costs boost the leu, helping combat inflation, a survey showed. [via YahooNews] More >>

Romanian Central Bank May Leave Benchmark Rate at European Union?s Highest [May 03, 2011] Romania?s central bank will leave its benchmark interest rate unchanged for the eighth meeting as the European Union?s highest borrowing costs boost the leu, helping combat inflation , a survey showed. [via YahooNews] More >>

Leu Extends World?s Best GainThis Year on Romanian Central Bank's Comments [Mar 24, 2011] The leu extended the biggest rally among the world?s currencies in 2011 to the strongest in a year after a Romanian policy maker said the advance is in line with economic fundamentals and helps control inflation. [via YahooNews] More >>

Leu May Weaken to 4.35 Per Euro on Romania's Austerity Measures, ING Says [Aug 16, 2010] Romanias leu may weaken 2.6 percent versus the euro within three months because more austerity measures are needed to narrow the nations budget deficit and the recession may last another year, ING Groep NV said. [via YahooNews] More >>

Romanian Court Rules Against Some Austerity Measures; Stocks, Leu Decline [Jun 25, 2010] Romanias Constitutional Court ruled against some government austerity measures aimed at narrowing the budget deficit, risking a delay in the next handout of funds from an international loan. The leu weakened and stocks plunged. [via YahooNews] More >>

(AFX UK Focus) 2010-06-25 09:49 Romania leu, stocks fall after austerity decision [Jun 25, 2010] BUCHAREST, June 25 (Reuters) - Romania's leu and blue-chip stocks fell on Friday after local press reported the country's top court rejected some of the government's austerity measures related to pensions. The leu was down 0.5 percent on the day at 4.26 per euro by 0931 GMT and the blue-chip BET index was 2.1 percent lower at 5,029.51 points. [via YahooNews] More >>

Romanian soldier dies in Afghanistan in anti-personnel mine explosion [May 12, 2010] BUCHAREST, Romania - Romanian defence officials say a Romanian soldier has been killed while on mission in Afghanistan. A defence ministry statement says Sgt. Maj. Valerica Leu was severely injured Wednesday morning after an anti-personnel mine exploded. [via YahooNews] More >>