Emerging Markets Report Romania's currency hit by one-two punch U.S. credit crunch, country's economic problems trigger sharp fall in leu ...

Romania is to relaunch its currency, knocking four zeros off the leu in a bid to make transactions simpler. From 1 July, a cup of coffee currently costing about 50,000 Romanian lei will be priced at ...

Romania's economy is set to outpace its stagnating neighbours this year, helped by European Union funding, currency stability and foreign investment driven in part by reshoring from Russia and ...

Romania has knocked four zeros off its currency in preparation for its entry into the European Union in 2007. The leu, which means "lion" in Romanian, has plummeted in value from about 21 to the ...