Capital Market
Leu Steady Vs Euro, Exchange Rate At 4.4595
Romania’s leu traded near 4.46 per euro by midday Thursday and the central bank set the leu’s reference rate at 4.4595 per euro, virtually unchanged on the day.
Leu Stable Vs Euro; Sentiment Is Negative In The Region
The Romanian leu was mostly stable against the euro at the start of the Thursday session, but the sentiment in the region was negative after a new round of sovereign downgrades in the euro-z...
Bucharest Stocks Open Up, Fondul Proprietatea In Focus
The Bucharest stock exchange inched higher in early trade Thursday, but Fondul Proprietatea (FP.RO) was the only issuer that gathered investors' interest.
Erste Merges Its Funds Into A Giant One Of RON3.1B
Erste Asset Management, the asset manager of the BCR group, will merge its two largest funds, BCR Monetar and BCR Obligatiuni, into a giant fund with cumulated assets of 3.1 billion lei (aro...
Radu Georgescu: The Stock Market Will Take Avangate To $1B
The latest bet of Romanian entrepreneur Radu Georgescu has several knowns and one unknown. One of the knowns is $1 billion - this should be the value of his company, Avangate, which will be...
Bucharest Shares Close Down, Traded Value Remains Low
Bucharest-listed stocks closed mostly down Wednesday, in line with European markets, while the overall traded value remained low, with Fondul Proprietatea (FP.RO) covering half of the total...
Leu Ends Flat Vs Euro In Sleepy Session
Romania’s leu moved in a tight range against the euro in a quiet session Wednesday and closed at 4.4615/4.463 units, little changed on the day.
Romanian Open-End Fund Assets Up 3% To RON7.83B In May
The combined net assets of Romanian open-end investment funds rose 2.9% to 7.83 billion lei (EUR1.75 billion) in May, from RON7.62 billion a month earlier, the Romanian Association of Asset...
Leu In Ranges Vs Euro, Exchange Rate At 4.4593
Romania’s leu traded in narrow ranges against the euro by midday Wednesday and the central bank’s reference retreated modestly to 4.4593 units, from 4.4587 units a day earlier.