Capital Market
Erste To Write Down EUR210M Goodwill On Romanian BCR Unit
Austria's Erste Group Bank AG (EBS.RO) said Tuesday it will write down EUR210 million in goodwill on its Romanian unit BCR because of the latter’s disappointing first-half result.
Leu Loses Early Gains Vs Euro, Exchange Rate At 4.5694
Romania’s leu reversed earlier gains versus the euro by midday Tuesday and the central bank’s reference weakened to 4.5694 units, from a two-week high of 4.5558 units a day earlier.
Bucharest Stocks Open Sligthly Down, SIFs In The Green
The Bucharest stock exchange opened slightly down Tuesday morning, with the BET-FI index gaining ground and the traded values mostly fueled by transfers with Proprietatea fund shares.
Another Member Of Oltchim's Board Resigns
Grigore Craciunescu resigned from the managing board of Romania’s chemical producer Oltchim Ramnicu Valcea (OLT.RO), citing personal reasons.
Leu Opens Higher Vs Euro, In Quiet Market
Romania’s leu inched higher against the euro in a quiet market Tuesday, dealers suspecting central bank’s intervention through indirect euro selling orders.
Asset Managers Beat Brokerage Firms In 2011
The revenue of the brokerage firms dropped to one third of the 2007 level last year, while asset managers’ rose 2.4 times. The 21 asset managers collected 96 million lei (EUR21 million) comp...
Bucharest Shares End Down, Turnover Falls On Reduced Investor Appetite
The Bucharest stock exchange closed slightly down Monday and the overall traded value remained low as investors are still cautious in the wake of a referendum on ousting suspended President...
Leu Gains 0.9% Vs Euro On Higher Volumes
Romania’s leu lost part of its earlier gains versus the euro in late trade Monday, but closed almost 0.9% stronger on the day, amid rising volumes after investors pared short positions.
Capital Economics: Leu Could Weaken Further As Political Upheaval Likely To Continue
The apparent survival of Romania’s suspended president Traian Basescu in Sunday’s referendum could throw the country deeper into political turmoil, most likely pushing the leu to new record...