Capital Market
Leu Falls To Record Lows Vs Euro. Exchange Rate At 4.397
The Romanian leu lost its early gains versus the euro by midday Monday and the central bank’s reference weakened to a record low of 4.397 units, despite continued efforts from the bank to mi...
Conpet Pays RON2.5/Share Dividend For 2011
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Monday approved paying out a gross dividend of 2.5 lei (EUR0.568) a share from the 2011 profit, well below the RON8.08 a share di...
Austria’s Erste 1Q Net Profit +7.8% On Year To EUR346.5M
Austria's Erste Group Bank AG (EBS.RO) Monday said its net profit after minorities rose 7.8% on the year to EUR346.5 million in the first quarter, largely fueled by a one-time income of EUR2...
Bucharest Stocks Open Down Amid Low Volumes
Bucharest shares opened slightly lower amid reduced liquidity Monday morning, contrary to the positive sentiment in the region following upbeat financial data from large companies and a slow...
Leu Opens Slightly Higher Vs Euro
The Romanian leu edged higher against the euro in early action Monday, recovering part of last session’s losses in the aftermath of the government’s collapse.
BRD 1Q Net Profit Falls 39% To RON83M
Romania’s second-largest bank BRD-Groupe Societe Generale (BRD.RO) Monday reported a 39% drop in first-quarter net profit, as an increase in risk costs offset the improvement in operating in...
Teraplast Sees 17.6% Rise In 2012 Turnover, To RON246.3M
Romanian construction systems maker Teraplast (TRP.RO) estimates a 17.6% increase in turnover to 246.33 million lei (EUR56.3 million) in 2012, compared to a turnover of RON209.35 million in...
Banca Transilvania Holders OK RON129M Capital Hike - Sources
The shareholders of Romanian lender Banca Transilvania (TLV.RO) on Friday approved increasing the bank's share capital by 129.3 million lei (EUR29.5 million), to RON1.903 billion, and launch...
Intercontinental Bucuresti Switches To Profit After 10 Years Of Losses
Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), which manages the Intercontinental hotel in Bucharest, posted profit of almost 1.2 million lei (EUR274,000) l...