Capital Market
Leu Higher Vs Euro In Early Trade, On Low Volumes
The Romanian leu opened higher to the euro in early trade Thursday, on low traded volumes.
Alro Completes $15M Investments To Increase Energy Efficiency
Romanian Alro Slatina (ALR.RO), the largest aluminum producer in Central and Eastern Europe, completed investments of $15 million in the first five months of 2012 aimed to increase energy ef...
Bucharest Stocks Open Up, On Low Traded Values
The Bucharest stock exchange opened higher Thursday, amid low traded values.
Government OKs Listing Of 15% Stake In Transgaz
The Romanian Government Wednesday approved the listing on Bucharest Stock Exchange of a 15% stake in state-run natural gas pipeline operator Transgaz Medias (TGN.RO).
BNR Not Worried About Leu’s Recent Fall Vs Euro
Romania’s central bank is prepared to use all its available tools to parry potential speculative attacks against the leu if the national currency weakens too much, but its recent depreciatio...
Bucharest Bourse Closes Up, Several Bond Deals Lift Traded Value
The Bucharest stock exchange closed up Wednesday, in line with international markets, after posting declines in the past four consecutive sessions.
Leu Ends Slightly Up Vs Euro On Higher Volumes
Romania’s leu reversed part of its earlier gains versus the euro in late trade Wednesday, but closed slightly higher on the day, amid raising volumes.
Fondul Proprietatea Eyes Paying 20% Higher Dividend In 2013
Romanian Fondul Proprietatea (FP.RO) manager Franklin Templeton Wednesday estimated the fund will pay out its shareholders 15% to 20% higher dividend in 2013 compared to this year’s dividend...
Leu Exchange Rate Hits 5-Week High Of 4.4441 Vs Euro
Romania’s leu advanced against the euro by midday Wednesday and the central bank’s reference strengthened 0.5% to 4.4441 units, the highest rate in the past five weeks.