Capital Market
Leu Opens Up Vs Euro On Low Volumes
The Romanian leu strengthened against the euro in early trade Thursday, after several sessions in which it lost significant ground and the central bank's reference rate touched consecutive a...
What Is The Salary Package Of The Only Romanian CEO Of A Multinational Group?
Gheorghe Dobra, the chief executive of aluminum smelter Alro Slatina (ALR.RO) will remain CEO of Alro's parent group Vimetco for one more year, after taking this position at the beginning of...
Proprietatea Fund To Decide On Warsaw Listing June 27
Romanian investment fund Fondul Proprietatea (FP.RO) Wednesday called a shareholder meeting for June 27 to decide whether to list its shares on the Warsaw Stock Exchange.
Bucharest Stocks Close Down; SIF Transilvania, SIF Banat-Crisana Fall On Ex-Date
Bucharest shares closed lower for the sixth straight day Wednesday, with regional investment funds SIF Transilvania (SIF3.RO) and SIF Banat-Crisana (SIF1.RO) taking a plunge after they went...
Leu Recoups Vs Euro, In Line With Region
Romania’s leu recovered earlier losses against the euro in late trade Wednesday, tracking the currencies in the region, and closed modestly higher on the day at 4.4385/4.44 units.
Leu Exchange Rate Hits New Low Of 4.4463 Vs Euro
The Romanian central bank was in the market to prevent a too steep depreciation of the leu, but the reference rate weakened for the fourth day in a row to a fresh all-time low of 4.4463 to t...
Leu Falls To 4.45 Vs Euro, Central Bank Steps In
The Romanian leu fell against the euro in early trade Wednesday as negative sentiments persisted on international markets, and the central bank stepped in to prop the national currency, deal...
Bucharest Stocks Open Down, SIFs Tumble
The Bucharest bourse extended losses in early trade Wednesday, with SIF Transilvania (SIF3.RO) and SIF Banat-Crisana (SIF1.RO) spearheading the falls with double-digit declines.
How Azomures Became One Of Romania’s Largest Companies
The increase in the price of chemical fertilizers worldwide has driven Azomures’ (AZO.RO) revenue over the EUR100 million per quarter mark, and the partial subsidies of the gas price helped...