Capital Market
OMV Petrom Plans To Invest Up To EUR1.2B/Year By 2014
OMV Petrom (SNP.RO) said Tuesday it will invest EUR800 million – EUR1.2 billion a year by 2014, particularly in exploration and production, if the business environment is favorable to invest...
Hidroelectrica Board Members Surprised By Request For Insolvency
Although Romanian hydropower producer Hidroelectrica has requested the start of insolvency proceedings, two of the five members of the company's board say they did not attend the meeting whe...
Bucharest Bourse Ends Up, BRD Deals Raise Traded Value
The Bucharest stock exchange closed up Monday, and the still unimpressive overall traded value was boosted by two deals with BRD-Groupe Societe Generale (BRD.RO) shares and several transacti...
Leu Ends At 4.466 Vs Euro, After Quiet Session
The Romanian leu closed at around 4.466 against the euro Monday, after a relatively calm session, with low transferred volumes, dealers said.
Romania Rejects All Bids At 1-Year T-Bills Auction
Romania’s Finance Ministry on Monday rejected all bids at an one-year treasury-bills auction, citing unacceptable yields.
Leu Turns To Losses, Exchange Rate At 4.464 Vs Euro
The Romanian leu lost ground in mid-trade Monday and the central bank set the reference rate at 4.464 per euro, 0.14% weaker on the day.
Leu Opens Slightly Up, On Positive Sentiment In The Region
The Romanian leu traded slightly up in early trade Monday, on a positive sentiment in the region, after the election results in Greece.
Bucharest Stocks Open Up, On Greek Election Results
The Bucharest stock exchange rose strongly on Monday morning, in line with the global markets' rally, as first results from Greece show the pro-austerity party have won the election.
Proprietatea Fund Swings To RON607M Net Profit In May
Romanian investment fund Fondul Proprietatea (FP.RO) Friday said it has swung to a net profit fell of 607 million lei (EUR136 million) in May, versus a loss of RON3.6 million a month earlier...