Capital Market
Government Suspends Issue Of Compensatory Certificates For Nationalized Property Until May 15, 2013
The Romanian Government has decided to extend by one year, until May 15, 2013, the period during which the issue of compensatory certificates for nationalized property is suspended, accordin...
Electrocarbon Plans RON18M Capital Hike
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) wants to increase its share capital by 18 million lei (EUR4.03 million), from RON44.8 million to RON62.8 million, through...
Bucharest Stocks Close Down, Azomures Limits Decline
The Bucharest stock exchange lost around 1% Wednesday, but the decrease was lower than those of the European exchanges, as a strong increase of Azomures (AZO.RO) limited BET's decline.
Leu Ends Lower Vs Euro On Grexit Concern
Romania’s leu weakened against the euro Wednesday and closed 0.2% lower on the day, amid a negative sentiment in the region due to renewed concern over a possible exit of Greece from the eur...
Vasilescu, BNR: Leu’s Depreciation Vs Euro Mirrors Regional Markets
The recent depreciation of the Romanian leu against the euro is in line with the regional trend and is caused by pressures from the eurozone, a central bank official said Wednesday.
Leu Exchange Rate Drops To New Record Low Of 4.4587 Vs Euro
Romania’s leu continued to retreat against the euro by midday Wednesday and the central bank’s reference weakened 0.3% on the day to 4.4587 units, the lowest rate on record.
Azomures Rises 7% In Bucharest After Takeover Bid Announcement
Shares of Romanian chemical fertilizer maker Azomures (AZO.RO) rose more than 7% after the securities regulator CNVM appoved Wednesday a takeover bid for a quarter of the company's stock.
Ameropa Launches RON282M Takeover Bid For 24% Of Azomures
Swiss grain and fertilizer trader Ameropa Holding will launch a takeover offer for the 24.12% stake it doesn’t own in Romanian chemical fertilizer producer Azomures (AZO.RO) for a total of 2...
Leu Falls Vs Euro, On Negative International Sentiment
The Romanian leu fell to around 4.46 against the euro in early trade Wednesday, in line with the other currencies in the region, as investors fear the EU leaders won't make big progress to s...