Capital Market
Swiss Capital Leads Bucharest Bourse’s Brokers Chart In April
Swiss Capital regained top position in the Bucharest bourse’s brokers chart in April, with a market share of 13.57% and deals worth a total of 160.7 million lei (EUR36.5 million).
Banca Transilvania Beats BCR And BRD In Terms Of Profit
Banca Transilvania was the most profitable top three bank in the first quarter and the only one to have posted asset growth, as the economy remained difficult.
Cemacon Expects To Return To Profit In 2012, On 65% Higher Turnover
Romanian brick maker Cemacon (CEON.RO) expects turnover to grow by 65% this year, from 27.3 million lei (EUR6.2 million) to RON45.1 million, and net profit of RON1.02 million, after losses o...
Banca Transilvania 1Q Net Profit Rises To RON91.8M
Romanian lender Banca Transilvania (TLV.RO) Monday said its first quarter net profit rose 73% to 91.8 million lei (EUR21.1 million), on lower provisions.
Leu Drops To 4.4165 Vs Euro Amid Political Uncertainty
Romania’s leu continued to weaken against the euro in late trade Monday, dropping to new record lows amid political uncertainty following the government’s collapse Friday.
Vulcan To Borrow Up To RON200M For Investments
Romanian steam generator maker Vulcan Bucuresti (VULC.RO) plans to borrow up to 200 million lei (EUR45 million) from lender BCR to finance investments and refinance existing debt, the compan...
Bucharest Shares Close Slightly Up, SIFs Rise Higher
The Bucharest-listed stocks closed slightly changed Monday, in a market moved almost exclusively by several special deals, but the regional investment funds (SIFs) posted significant advance...
Oltchim Hopes To Break Even In FY 2012
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) plans to break even in the financial year ending December 2012, after five consecutive years of losses.
Compa Sibiu Sees 2012 Turnover At RON520M, Up 9.3% On Year
Romanian car parts maker Compa Sibiu (CMP.RO) estimates turnover of 520 million lei (EUR118.2 million) in 2012, up 9.3% on the year, the company said in a statement Monday.