Capital Market
Bucharest Stocks Close Slighty Down, Fondul Proprietatea Deals Lift Traded Value
The Bucharest-listed shares closed slightly down Wednesday, amid improved traded values, lifted by two late trades with Fondul Proprietatea (FP.RO) stock.
Navrom Galati Switched To Profit Of RON2.21M In 2011
Romanian river navigation company Navrom Galati (COVG.RO) switched to profit last year, posting net earnings of 2.21 million lei (EUR500,000), after losses of RON3.45 million in 2010, accord...
Avicola Bucuresti Turnover Up 10% In 2011, To RON26M
Romanian poultry producer Avicola Bucuresti (AVBW.RO) reported turnover of 26 million lei (EUR6.13 million) in 2011, up 10% from RON23.6 million in 2010.
Isarescu: Leu's Fall May Be Linked To Fundamentals
The Romanian leu has weakened against the euro in an immediate reaction to the government’s fall, but its recent evolution could also point to a shift in macroeconomic fundamentals, central...
Leu Stabilizes At 4.42 Vs Euro; Central Bank Intervention Suspected
Romania’s leu has stabilized around 4.42 per euro in late trading Wednesday, with dealers suspecting sustained interventions from the central bank to prop the national currency.
Leu Hits New Low Of 4.4168 Vs Euro
Romania’s leu continued its retreat against the euro by midday Wednesday and the central bank’s reference fell 0.45% to a new historic low of 4.4168 units, from 4.397 units Monday.
Azomures Expects 2012 Profit To Fall On Higher Costs
Romanian chemical fertilizer maker Azomures (AZO.RO) estimates its net profit will fall to 143.7 million lei (EUR32.6 million) in 2012, from RON365.1 million a year earlier, largely due to h...
Bucharest Stocks Open Up, In Line With Foreign Markets
The Bucharest-listed stocks were up some 1% in early trade Wednesday, following the positive sentiment on international markets, amid improved trading values.
Leu Continues Decline Vs Euro, Central Bank Decisions Eyed
The Romanian leu continued to fall to record lows versus the euro on Wednesday, after the local market was closed for a public holiday Tuesday and the local currency lost significant ground...