Capital Market
BRD First Half Net Profit Falls On Higher Risk Costs
Romanian lender BRD Societe-Generale (BRD.RO), a unit of France’s Societe Generale, on Monday said its net profit fell 88% on the year to 39.4 million lei (EUR8.54) in the first six months o...
Leu Exchange Rate Hits 2-Week High Vs Euro, Investors Pare Short Positions
Romania’s leu climbed against the euro Monday as investors cut back their bets the national currency would continue its decline following weeks of political instability, and the central bank...
Oltchim Appoints Economy Ministry Secretary As Board Chairman
Romania’s chemical producer Oltchim Ramnicu Valcea (OLT.RO) appointed Rodin Traicu, secretary of state with Ministry of Economy, Commerce and Business Environment, as chairman and acting mem...
Turbomecanica 1H Loss Narrows To RON4.4M
Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) Monday said its loss narrowed 34% to 4.4 million lei (EUR1 million) in the first half, from RON6.7 million in the year-earlier...
Bucharest Stocks Open Undecided, Amid Very Low Volumes
The Bucharest stock exchange opened undecided Monday morning, amid very low volumes and with investors not reacting to the voter turnout at the referendum on whether to impeach Romania’s sus...
Leu Slightly Higher Vs Euro In Early Action
Romania’s leu inched higher against the euro in a quiet market Monday and traded near 4.6 to the euro, amid low volumes.
Leu Ends Up Vs Euro In Quiet Market
Romania’s leu closed stronger against the euro Friday, at 4.6050/4.6070 units, trading within a narrow range throughout the day and amid low traded values.
Bucharest Bourse Ends Slightly Up, Bond Deals Lift Turnover
The Bucharest stock exchange closed up Friday, tracking the main European markets, and the overall traded value was lifted by several bond deals.
BRD Appoints New CEO. SocGen's Bulgarian Unit's Head To Take Over As Of September 1
Romania's second largest bank BRD-Groupe Societe Generale (BRD.RO) decided Friday to appoint Philippe Lhotte as the bank's chief executive officer and acting member of the Board starting Sep...