Capital Market
Dan Ioan Popp Replaced As Impact Chairman
Dan Ioan Popp, the founder the real estate developer Impact Developer&Contractor (IMP.RO), was replaced from his position as chairman of the board of directors during the general meeting of...
Unirea Rent Down 28% Against 2008 Despite Big Fashion Retailers Joining Ground Floor
At the entrance to Unirea shopping center next to McDonald’s, one of the most popular meeting places for young people in Bucharest, customers continue to flock 5-10 minutes before 10 AM, wai...
Alum Tulcea Plans Investments Of $6.8M This Year
Romanian alumina producer Alum Tulcea (BBGA), controlled by the Vimetco group through Alro Slatina, is planning investments worth $6.85 million this year.
SIF Transilvania Approves RON0.17/Share Dividend For 2011
Romanian regional investment fund SIF Transilvania (SIF3.RO) on Thursday approved paying a gross dividend of 0.1712 lei (EUR0.04) per share from the 2011 profit, 5.7 times higher than the di...
Turbomecanica Eyes Return To Profit In 2012, After Four Straight Years Of Losses
Romanian aircraft parts manufacturer Turbomecanica (TBM) estimates it will switch to net profit of 34.3 million lei (EUR7.84 million) this year, after total losses of RON66.6 million in the...
SIF Transilvania Posts 54% Higher Revenue In 1Q, RON90.9M
Romanian regional investment fund SIF Transilvania (SIF3.RO) Thursday reported revenue of 90.9 million lei (EUR20.8 million) in the first quarter, 54.1% higher on the year.
Bucharest Stocks Close Up, Proprietatea Fund Gains 4%
Bucharest shares closed higher for the third day in a row Thursday, supported by deals with shares in investment fund Fondul Proprietatea (FP.RO), which covered over half of the market liqui...
Leu Ends Lower Vs Euro, Attuned To Region
Romania’s leu weakened slightly against the euro Thursday, amid a negative sentiment in the region following disappointing US jobs data.
Rompetrol Well Services 2012 Profit Seen Up 11% To RON17.5M
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, estimates its net profit will increase by 11% to 17.5 million lei (roughly EUR4 million) in 2012, as...