Capital Market
Bucharest Stocks Open Slightly Up, Interest Stays Low
The Bucharest stock exchange opened slightly up Wednesday, but the interest was reduced, as markets worldwide expect the conclusions of the Federal Reserve's policy meeting later on the day.
Moody's Cuts Hidroelectrica's Ratings By Four Notches To B2
Moody's Investors Service on Wednesday downgraded to B2 from Ba1 the long-term corporate family rating and probability of default rating of Romanian state-owned hydropower producer Hidroelec...
Bucharest Bourse Ends Down, Fondul Proprietatea Sees Most Visible Decline
The Bucharest stock exchange lost 0.29% Tuesday weighed down by Fondul Proprietatea (FP.RO), which registered the most significant decline.
Leu Ends At 4.465 Vs Euro
The Romanian leu closed at around 4.465 units against the euro Tuesday, and the other currencies in the region strengthened, as new stimulus measures from the Fed are expected, dealers said.
Hidroelectrica's Insolvency To Cut By 21% Fondul Proprietatea’s NAV
The start of insolvency proceedings at Hidroelectrica would reduce by 21% the net asset value of investment fund Fondul Proprietatea (FP.RO), which holds 20% in the Romanian hydropower produ...
Leu In Ranges Vs Euro, Exchange Rate At 4.4626
The Romanian leu stayed above 4.46 against the euro in mid-trade Tuesday, and the central bank set the exchange rate at 4.4626 units, slightly stronger from 4.464 units in the previous day.
Leu Trades Slightly Up Vs Euro On Low Volumes
The Romanian leu opened slightly up versus the euro Tuesday, trading around 4.46 units in the first hour, as the markets are waiting for a key report on investors' confidence in Germany late...
Fondul Proprietatea Drags Bucharest Bourse Down
The Bucharest bourse opened down Tuesday, despite a positive trend on European markets, with Banca Transilvania (TLV.RO) and Fondul Proprietatea (FP.RO) posting large declines.
Imports To Reach Half Of Romania's Energy Demand In 2030
Romania’s energy independence will be reduced and imports will reach 40%-50% of total consumption in 2030, due to higher demand for primary energy and the natural decline of the local hydroc...