Capital Market
Leu Closes Flat Vs Euro On Growing Volumes
Romania’s leu lost its earlier gains versus the euro in late trade Thursday and closed roughly at yesterday’s levels, amid rising trade volumes.
Leu Exchange Rate Weakens To 4.4652 Vs Euro, Hits New Low Vs Greenback
Romanian’s leu traded below 4.47 per euro by midday Thursday and the central bank’s reference weakened modestly to 4.4652 units, from 4.4616 units a day earlier.
Romanian Bankrupt UCM Resita Gets Court-Appointed Administrator
A Bucharest court has appointed a consortium led by Euro Insol as administrator of Romanian bankrupt engine manufacturer UCM Resita (UCM.RO), the insolvency firm said in a statement Thursday...
Policolor-Orgachim Group Eyes 10% Higher Turnover In 2012 Vs EUR88.5M In 2011
The Policolor-Orgachim group, one of the largest competitors on the Romanian paint and enamels market, said it expects a 10% increase in this year’s turnover, from EUR88.5 million in 2011, a...
Bucharest Stocks Open Flat, In Lackluster Trading
The Bucharest stock exchange was almost flat in early trade Thursday, but the traded values seemed ready to touch new lows, as turnover on the Rasdaq market was higher than on the regulated...
Leu Returns Towards 4.47 Vs Euro
The Romanian leu recovered Thursday morning part of the losses it suffered in late trade Wednesday, trading around 4.47 against the euro on alleged central bank intervention.
UniCredit CAIB Securities To Close, Parent Bank Takes Over Brokerage Business
UniCredit Tiriac Bank might soon announce the closing of the brokerage firm UniCredit CAIB Securities, which it fully owns, and integration of the brokerage operations into a department of t...
Romania Plans To Sell RON3.5B Treasuries In June
Romania’s Finance Ministry plans to sell state paper worth 3.5 billion lei (EUR784.4 million) in June, close to the RON3.54 billion amount sold a month earlier, ministry data showed Wednesda...
Bucharest Stocks End Down In Dull Trading
The Bucharest stock exchange closed down Wednesday, as the international markets were digesting the latest bad news from Greece and Spain, but the traded values remained subpar.