Capital Market
Bucharest Stocks End Higher, SIFs Buck Trend
The Bucharest stock exchange closed higher Thursday, as most blue-chips posted solid gains, but the regional investment funds, or SIFs, ended in negative territory.
BCR: Romanian Leu Undervalued Despite Improving Fundamentals
Romania’s largest bank Banca Comerciala Romana Thursday said the leu is likely to trade inside a range of 4.3-4.5 per euro for most of 2012 and estimated the national currency is currently u...
Leu In Ranges Vs Euro, Exchange Rate Firms To 4.4078
Romania’s leu traded in a narrow range against the euro by midday Thursday and the central bank’s reference strengthened 0.2% to 4.4078 units, from a record low of 4.4168 units a day earlier...
Leu Gains Vs Euro In Early Trade
Romania’s leu edged higher against the euro in early action Thursday and near 4.4 units, amid a quiet market.
Oltchim Loss Widens To RON82.8M In First Quarter
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Thursday said its loss widened substantially in the first quarter, as sales nearly halved on the year.
Bucharest Stocks Open Undecided, Eyes On Antibiotice
The Bucharest-listed stocks opened almost flat Thursday, on reduced interest, with Antibiotice (ATB.RO) leading the trading charts in early session.
Listed Companies Pay Highest Dividends On Record, But Investors Want Money Faster
Although stock exchange investors will collect record-high dividends, of over 3.6 billion lei (more than EUR800 million) this year, they are unhappy that some companies start to pay dividend...
Farmaceutica Remedia Posts RON54M Turnover In 1Q 2012
Romanian drug distributor Farmaceutica Remedia Deva (RMAH.RO) posted turnover of 54 million lei (EUR12.4 million) in the first quarter of 2012, up 7% on the year, and profit down by 10%, to...
Erste: Romania Central Bank To Leave Rates On Hold Until 2013
The Romanian central bank is likely to keep its key rate unchanged at 5.25% until 2013, after political uncertainly prompted the bank to interrupt its monetary policy easing, Austrian lender...