Capital Market
Where Is The Leu Exchange Rate Going?
The leu depreciated on Friday to a historic low, only to fall to a fresh low of 4.437 per euro on Monday and Romanians with installments to pay in euros are looking fearfully at the rates di...
Leu Exchange Rate Hits New Low Of 4.4373 Vs Euro
Romania’s leu retreated against the euro by midday Monday and the central bank’s reference weakened to a new record low of 4.4373 units, from 4.4265 units in the previous session.
Transgaz 1Q Net Profit At RON173.5M, Down 11% On Year
Romanian national gas transport company Transgaz (TGN.RO) Monday reported a 11% decrease in its first quarter net profit to 173.5 million lei (almost EUR40 million), as sales inched down in...
Leu In Ranges Vs Euro, In Calm Market
The Romanian leu stayed around 4.44 per euro at the start of Monday trading session, in a quiet market, while the other currencies in the region and the euro were falling after the deepening...
Electromagnetica Reports 1Q Net Profit Of RON2.7M
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) on Monday reported a net profit of 2.7 million lei (EUR635,000) and turnover of RON115 million in the fi...
Insolvent Concefa Sibiu 1Q Turnover Down 82.1%, To RON2.16M
Romanian construction company Concefa Sibiu (COFI.RO), undergoing insolvency procedures, posted a turnover of 2.16 million lei (EUR490,000) in the first quarter, 82.1% lower on the year, and...
Transelectrica 1Q Net Profit Falls To RON43.6M
Romanian power grid operator Transelectrica (TEL.RO) Monday reported a first quarter net profit of 43.6 million lei (EUR10 million), much lower than RON160.8 million in the year-earlier peri...
Comelf Bistrita 1Q Sales Up 12% To RON36.1M
Romanian industrial equipment maker Comelf Bistrita (CMF.RO) Monday said its turnover climbed 12% in the first quarter to 36.1 million lei (EUR8.2 million) from RON32.2 million in the same i...
Bucharest Stocks Sink, Financials Lead The Way
The Bucharest-listed shares opened down and extended their losses after the first hour of trading, with financial stocks taking the hardest hits, as tensions in Europe intensify due to the p...