Capital Market
Political Instability Worsens As Romanians Vote To Keep Or Remove President From Office
The start of suspension proceedings against president Traian Basescu makes way for a long period of uncertainty because after suspension will come weeks of campaign ahead of the referendum w...
Moody's Downgrades Transelectrica To Non-Investment Grade
Moody's Investor Service has downgraded the long-term corporate family rating of Romanian power transmission company Transelectrica from Baa3 to Ba1, the first non-investment grade, and assi...
Bucharest Stock Exchange Ends Down 3% Amid Political Turmoil
The Bucharest stock exchange closed down Wednesday, after posting increases in the past five consecutive sessions, while the overall turnover remained low, as recent developments on the Roma...
Romanian FinMin: Leu Weakens On Eurozone Turmoil, Not Political Unrest
The Romanian leu’s depreciation against the euro is influenced by external factors rather than the political tensions at home, Finance Minister Florin Georgescu said Wednesday, adding that t...
Leu Ends Down Vs Euro In Choppy Trade
Romania’s leu closed 0.5% lower on the day at 4.4735/4.4755 per euro after a nervous session amid growing tensions following the startof Parliament proceedings for President Traian Basescu's...
Employees Of Oltchim Resume Protests, Blame On Economy Ministry
Unionists at Romanian chemical producer Oltchim (OLT.RO) said they will resume protests Thursday, blaming the company's majority stockholder, the Economy Ministry, for postponing several iss...
Economy Ministry Appoints Special Administrator At Oltchim
Romania’s Economy Ministry Wednesday appointed Toma Bogdan Costreie as special administrator of chemical producer Oltchim (OLT.RO), the company said in a statement.
Leu Falls To Record Low Of 4.4715 Vs Euro On Political Tensions
Romania’s leu weakened against the euro by midday Wednesday and the central bank’s reference hit an all-time low of 4.4715 units, amid growing tensions after the ruling coalition announced i...
Leu Loses Ground Vs Euro, Trades At 4.47 Units
The Romanian leu opened down against the euro in Wednesday trade, touching 4.47 units, while the central bank took action to ease down the decline amid political tensions in Parliament betwe...