Capital Market
Aerostar Bacau Invests RON22M In New Production Unit
Plane construction and repair firm Aerostar Bacau (ARS.RO) has started work on building a new production facility in which it plans to invest 22 million lei (EUR4.9 million), of which RON8.7...
Bucharest Bourse Closes Up, Special Deals Lift Traded Values
The Bucharest stock exchange closed up Wednesday, in line with European markets, and the overall traded value almost doubled on the day because of two deals with SIF Muntenia (SIF4.RO) and B...
Leu Ends Slightly Up Vs Euro, After Quiet Session
The Romanian leu traded in a narrow range Wednesday, closing around 4.463 against the euro, in a quiet market.
BRD VP: Failure Of T-Bill Auction May Be Linked To Hidroelectrica Insolvency
The failure of Romania's treasury bill auction earlier this week can partially be the result of the announcement of Hidroelectrica's insolvency, which kept some banks out or made them demand...
Bucharest Court Approves Hidroelectrica's Insolvency
The Bucharest Court on Wednesday approved the start of insolvency proceedings for Romanian hydropower producer Hidroelectrica, lawyer Remus Borza said.
Finance Ministry To Transfer Stake In Rompetrol Rafinare To Economy Ministry
Romania’s Finance Ministry will transfer its 44.7% stake in oil company Rompetrol Rafinare (RRC.RO) to the privatization unit of the Economy Ministry, according to an emergency ordinance app...
Leu Stable, Exchange Rate At 4.463 Vs Euro
The Romanian leu varied insignificantly in the first part of Wednesday's session, and the central bank set the exchange rate at 4.463 against the euro, little changed from 4.4626 against the...
Oltchim's Chairman Resigns
Karoly Borbely, a former secretary of state with the Economy Ministry, resigned from the Board of Romanian state-owned chemical producer Oltchim (OLT.RO), which he chaired, citing personal r...
Leu Opens Slightly Higher Vs Euro, In Line With Region
The Romanian leu traded around 4.46 against the euro Wednesday morning, as the other currencies in the region were also posting minor increases.