Capital Market
Mechel Targoviste 1Q Loss Widens To RON33.5M
Romanian steel maker Mechel Targoviste (COS.RO) Monday said its loss more than doubled to 33.5 million lei (EUR7.5 million) in the first three months, from RON12.6 million in the year-earlie...
SIF Oltenia 1Q Revenue Quadruples To RON27.7M
Romanian regional investment fund SIF Oltenia (SIF5.RO) reported revenue of 27.7 million lei (EUR6.3 million) and expenses of RON7.2 million (EUR1.6 million) for the first quarter, the compa...
Laminorul Switches To RON4.3M Loss In 1Q
Romanian metal and alloy maker Laminorul Braila (LMRU.RO) Monday said it has switched to a loss of 4.3 million lei (EUR0.97 million) in the first quarter versus profit a year earlier, hurt b...
Biofarm 1Q Net Profit Up 8% To RON8.2M
Romanian drugmaker Biofarm (BIO.RO) Monday said its net profit rose 8.1% to 8.2 million lei (EUR1.85 million) in the first quarter, as costs decreased faster than revenues.
Artego Targu Jiu 1Q Turnover Up 7.3% To RON48.5M
Rubber bands maker Artego Targu Jiu (ARTE.RO) reported turnover of 48.5 million lei (EUR11.1 million) in the first quarter of 2012, 7.3% higher on the year, while its profit climbed to RON2....
Electroaparataj Switched To RON3.77M Loss In 2011
Romanian electrical equipment producer Electroaparataj Bucuresti (ELJ.RO) Monday said it switched to a loss of 3.77 million lei (EUR850,000) last year, versus a profit of RON4.94 million a y...
Bucharest Bourse Starts Week With 4% Fall, Energy Stocks Sink
The Bucharest exchange posted Monday its largest decline in the past nine months, with the financial and energy stocks taking the hardest hits, as markets across the globe were jolted by fea...
Leu Dips Vs Euro On Negative Sentiment
Romania’s leu traded near 4.44 per euro against the euro in late session Monday, closing slightly weaker on the day amid a negative sentiment in the region.
Romania Sells RON335M 2-Year Bonds At 5.5% Average Yield
Romania’s Finance Ministry on Monday sold 335.4 million lei (EUR75.6 million) in two-year bonds, below the planned amount, while the average yield was virtually unchanged at 5.53% a year.