Capital Market
Leu Opens Stronger Vs Euro In Quiet Market
The Romanian leu opened Thursday below 4.42 versus the euro, in a quiet market, after a strong depreciation in the previous session.
Bucharest Stocks Open Down; Transgaz, Fondul Proprietatea Lead Decline
The Bucharest stock exchange opened down Thursday, with Transgaz (TGN.RO) and Fondul Proprietatea (FP.RO) leading the decline in the ex-dividend date.
Vrancart Adjud 1Q Turnover Down 5%, To RON39.5M
Romanian paper and cardboard maker Vrancart Adjud (VNC.RO) Thursday reported a turnover of 39.5 million lei (EUR9 million) for the first three months of the year, down 5% from RON41.7 millio...
Bucharest Stocks Extend Losses, BET Falls 2%
The Bucharest stock exchange extended its losses in late trade Wednesday, and large decreases of OMV Petrom (SNP.RO) and Banca Transilvania (TLV.RO) dragged the BET index down 2%.
Leu Falls Vs Euro; Central Bank Intervention Suspected
Romania’s leu weakened against the euro Wednesday, mirroring the currencies in the region, with dealers suspecting a covert intervention from the central bank to prop the national currency.
Leu Widens Loss Vs Euro, Exchange Rate Falls To 4.416
Romania’s leu retreated against the euro by midday Wednesday, pushed down by higher demand for foreign currency, and the central bank’s reference weakened 0.3% to 4.416 units, from 4.4032 un...
Romanian Privatization Calendar Sidetracked, Says IMF
The planned privatizations of state companies in Romania have been sidetracked following a series of unsuccessful auctions and the country should now focus on a shorter list of six enterpris...
Bucharest Stocks Open Down, Fondul Proprietatea Leads Trades
Bucharest-listed shares were down in early trade Wednesday, but the interest was low, with only Fondul Proprietatea (FP.RO) and OMV Petrom (SNP.RO) posting some relevant trading figures.
OMV Petrom To Shut Down Petrobrazi Refinery For Upgrades
Romania’s largest oil company OMV Petrom (SNP.RO) will shut down production at its Petrobrazi refinery for a six-week overhaul, the company said in its financial report Wednesday.