Capital Market
Leu Hits Fresh Record Lows Vs Euro, US Dollar
Romania’s leu edged higher against the euro by midday Monday, with dealers suspecting covert interventions from the central bank, but the exchange rate continued to weaken and fell to a new...
Georgescu: Leu Will Recover Once Political Situation Clarifies
Romania’s leu is likely to return below 4.5 per euro once the political situation returns to normal and citizens have had their chance to vote on whether to dismiss president Traian Basescu...
SIFs' Net Assets Fall 5% To RON6.12B In June
Romania’s five regional investment funds (SIFs) reported combined net assets worth 6.12 billion lei (EUR1.34 billion) in June, down 5.1% from a month earlier.
Leu Opens Slightly Higher Vs Euro, In Quiet Market
Romania’s leu opened slightly higher against the euro Monday morning, trading then at around 4.5650 units, similar to Friday’s close, in a quiet market and amid low traded volumes.
Bucharest Stocks Open Lower, SIFs Gain Ground
The Bucharest stock exchange opened lower Monday, with the BET-FI, which tracks Fondul Proprietatea and the five regional investment funds (SIFs) gaining ground, amid low traded values and i...
Wave Of Foreign Capital Outflows Hits Romania: Over EUR2B Gone In May
Over EUR2 billion left Romania in May, in a major wave of foreign capital withdrawals from the local market, which promptly reflected in a depreciation of the leu by 1.5% against the euro.
Public Debt Strategy: Finance Ministry Wants To Borrow EUR7.2B From External Market Over 3 Years
The government’s foreign currency public debt will not exceed 50% of the total and the annual debt service will not go beyond 10.5% of gross domestic product by 2014, according to the strate...
SIF Triple Profits From Share Sales
Four of the five regional investment funds (SIF), ended the first half with cumulated profits of 331.3 million lei (EUR73 million), 3.7 times higher than last year, mainly because of the sal...
Proprietatea Fund 1H Net Profit Rises 5.6% To RON574M
Romanian investment fund Fondul Proprietatea (FP.RO) Friday said its net profit rose 5.6% on the year to 573.85 million lei (EUR130.9 million) in the first half, fueled by higher revenue fro...