Andra Timu

(Bloomberg) -- Romania's central bank may need more time before delivering the first reduction in borrowing costs in more than three years as

Premier Energy, one of Romania's leading power distributors, plans an initial public offering on the Bucharest Stock Exchange to raise about €100 million ($107 million) to finance expansion plans.

(Bloomberg) -- Central banks across central, eastern and southeastern Europe should keep interest rates higher for an extended period of time as inflation remains elevated, according to the International Monetary Fund.

Romania's largest bank said it's likely to slow a buying spree in the Black Sea country after clinching a deal to acquire the local unit of Hungary's OTP Bank Nyrt.

Rutte travels to Istanbul Friday to lock in Turkey's backing Hungary could become Rutte's biggest hurdle, officials say

Romania is on the cusp of lowering borrowing costs for the first time in three years, but concerns over the European Union’s highest inflation rate may mean investors will have to wait a little longer.

Romania is on the cusp of lowering borrowing costs for the first time in three years, but concerns over the European Union's highest inflation rate may mean investors will have to wait a little longer.

Romania unexpectedly held borrowing costs steady, pushing off monetary easing as the European Union's fastest inflation ebbs more gradually than policymakers had expected.

Romania's economy expanded at a slower pace than expected in the first quarter in the latest sign of sluggish recovery across the European Union's east.

Romania’s economy expanded at a slower pace than expected in the first quarter in the latest sign of sluggish recovery across the European Union’s east.