Capital Market
Leu Ends Flat Vs Euro; Neighbors Gain 2% After China’s Rate Cut
Romania’s leu moved in a tight range against the euro in a quiet session Thursday and closed roughly flat on the day, immune to the positive movement in the region.
Romania Sells RON336M 2-Year Bonds At 5.73% Average Yield
Romania’s Finance Ministry on Thursday sold 336.4 million lei (EUR75 million) in two-year bonds, half the planned amount, at an average yield of 5.73% a year, slightly higher than at the pre...
Ovidiu Tender To Develop Office Building In Bucharest
Ovidiu Tender's Prospectiuni Bucuresti (PRSN.RO), provider of geological surveys for the gas industry, will construct a 25,000-square meter office building in Bucharest, people familiar with...
Leu In Ranges Vs Euro, Exchange Rate At 4.4625
Romania’s leu traded in narrow ranges against the euro by midday Thursday and the central bank’s reference gained modestly to 4.4625 units, from 4.4642 units a day earlier.
Catalin Bulboaca Steps Down From Oltchim's Board
Adrian-Catalin Bulboaca, managing partner of law firm Bulboaca & Asociatii, resigned Wednesday from its position of interim member of the Board of Romanian chemical producer Oltchim Ramnicu-...
Citibank Lends RON125M To Romania's Transelectrica
Romanian state-owned power grid operator Transelectrica (TEL.RO) took a five-month loan worth 125 million lei (EUR28 million) from the local unit of US financial group Citibank.
Leu Stays Around 4.46 Vs Euro In Early Trade
The Romanian leu traded around 4.46 against the euro Thursday morning in a market driven by commerciual demand for hard currency, dealers said.
Bucharest Stocks Open Up, On Low Trading Values
The Bucharest stock exchange opened on an upward trend Thursday, but on low traded values, as most investors are staying away.
EUR27 Billion Shaved Off The Value Of The 100 Largest Public Companies In Five Years
The 100 largest companies on the Bucharest Stock Exchange were worth over EUR36 billion in July 2007 and accounted for 96% of the bourse’s overall capitalization, but five years later the va...