Capital Market
Leu Up Vs Euro, Exchange Rate At 4.4044
Romania’s leu edged higher against the euro by midday Friday and the central bank’s reference strengthened for the second straight day to 4.4044 units, from 4.4078 units a day earlier.
Almost 2.6% In Proprietatea Fund Sold For RON200M In Bucharest
A stake of 2.59% in Romanian investment fund Fondul Proprietatea (FP.RO) was traded on the Bucharest bourse Friday for 199.4 million lei (EUR45.2 million).
Bucharest Stocks Open Down Amid Low Volumes
Bucharest shares opened slightly lower amid scarce liquidity Friday morning, tracking international markets.
Leu Opens Flat Vs Euro In Quiet Market
Romania’s leu traded a touch below 4.41 per euro in early action Friday, amid a quiet market.
Government Change Delays Romania's Privatization Plans
Oltchim Ramnicu Valcea (OLT.RO), the largest chemical plant in Romania, posted losses of 82.8 million lei (around EUR19 million), which means that for every day its privatization is delayed,...
Mechel Campia Turzii Loss Widened To RON107M In 2011
Romanian steel works Mechel Campia Turzii (INSI.RO) last year posted losses of 107.2 million lei (EUR25.3 million), 40% higher than in 2010, but expects the losses to decrease by 31% this ye...
Shareholders Approve Creation Of Power Company CE Oltenia
The shareholders of Romanian energy complexes Craiova, Rovinari and Turceni on Monday approved their merger into Complexul Energetic Oltenia, according to a report sent Thursday to Fondul Pr...
Leu Shrugs Off Losses Vs Euro, Ends 0.3% Higher
Romania’s leu strengthened against the euro in a quiet market Thursday, recovering part of its recent losses in the wake of the government’s collapse last week.
Moody's: Romania’s 2nd Government Collapse In 3 Months Endangers Reforms
Romania’s second government collapse in three months will likely deepen investors concern about policy and reform implementation, making borrowing conditions more challenging for the new gov...