Capital Market
Leu Exchange Rate Hits New Low Of 4.5275 Vs Euro
Romanian leu’s exchange rate fell to new historic lows versus the euro and the US dollar Monday, in the first local session after President Traian Basescu was suspended in parliament.
Romanian Aerostar Wins $18.5M Plane Repair Contract
Romanian aircraft parts maker Aerostar Bacau (ARS.RO) said Monday it has won an $18.5 million plane overhaul contract.
Bucharest Stocks Open Slightly Up, In Quiet Market
The Bucharest stock exchange opened slightly up Monday, amid low traded values and in a quiet market after President Traian Basescu’s impeachment on Friday.
Romania Leu Opens Slightly Up, Touches 4.53 Units
Romania’s leu opened slightly up Monday, at 4.52 per euro, and amid low traded volumes after president Traian Basescu impeachment on Friday.
Foreign Funds Now Own More Than 50% In Fondul Proprietatea
Foreign institutional investors did not stop buying into Fondul Proprietatea (FP.RO) after Hidroelectrica, in which it holds a stake, went insolvent. They went past 50% in the largest invest...
Leu Loses Over 1% Vs Euro Amid Political Unrest
Romania’s leu continued to retreat against the euro Friday amid political uncertainty as lawmakers were expected to vote on whether to impeach President Traian Basescu over allegations that...
Bucharest Bourse Ends Down, In Quiet Market
The Bucharest stock exchange ended slightly down Friday and the overall traded value remained low, reflecting investors’ cautiousness ahead of a vote in Parliament on impeaching President Tr...
Leu Slumps To Fresh Low Of 4.5142 Vs Euro On Political Worries
An escalating political battle between Romanian Prime Minister Victor Ponta and President Traian Basescu, which may culminate with the latter’s impeachment in parliament later Friday, have p...
Securities Commission Checks SIF Muntenia’s Voting Rights Limitation
Romanian Securities Commission, CNVM, will settle Friday the legitimacy of regional investment fund SIF Muntenia (SIF4.RO) decision to limit to 5% the voting right of a group of 37 sharehold...