Capital Market
Bucharest Stocks Open Up, SIFs Revive
The Bucharest stock exchange opened on an upward trend Friday, on improved traded values, with the investment funds posting higher gains.
Finance Ministry Considers Yearly Profit Tax For Market Transactions
Romania's Finance Ministry is considering introducing a yearly tax on profitable capital market transactions, dropping the previous plan to tax each profitable transaction in turn, criticize...
Leu Closes Down Vs Euro, Unlike Neighbors
Romania’s leu traded around 4.46 per euro in late session Thursday and closed 0.1% lower on the day, amid average volumes.
Bucharest Stocks End Down, Unlike European Markets
The Bucharest-listed shares closed down Thursday, decoupled from the European trend which they followed in the past sessions, but the traded values remained reduced, with Fondul Proprietatea...
Romania Sells RON417M 7-Year Bonds At 6.4% Average Yield
Romania’s Finance Ministry on Thursday sold 417.2 million lei (EUR93.4 million) in seven-year bonds, slightly below the planned amount, at an average yield of 6.4% a year.
Banca Transilvania Acquires 7% In SSIF Broker In Debt-To-Equity Swap
Romanian lender Banca Transilvania (TLV.RO) took over 6.91% in brokerage firm SSIF Broker (BRK.RO) from businessman Ioan Cartis in a debt-to-equity deal, the broker said in a statement Thurs...
Leu Exchange Rate Hits Yet Another Low Of 4.4662 Vs Euro
Romania’s leu weakened against the euro by midday Thursday and the central bank’s reference retreated for the second day in a row to a fresh record low of 4.4662 units, from 4.4587 units in...
Leu Touches New All-time Low At 4.4715 Vs Euro
The Romanian leu fell to an all-time low of 4.4715 against the euro on the local interbank market Thursday, but the central bank stepped into the market, dealers said, to calm the national c...
Bucharest Market Stalls In Early Trade
The Bucharest-listed shares opened undecided Thursday, on extremely low traded values, as investors remain prudent despite foreign markets' return into positive territory.