Capital Market
Leu Stable Vs Euro, Exchange Rate At 4.3757
Romania’s leu traded in narrow ranges against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3757 units, from 4.3778 units a day earlier.
Banca Carpatica Chairman Carabulea Steps Down In Wake Of Prison Sentence
Businessman Ilie Carabulea on Thursday resigned from the position of chairman of the supervisory board of Romanian lender Banca Comerciala Carpatica (BCC.RO), after he was sentenced to one a...
Ilie Carabulea Sentenced To 1 And A Half Years In Prison
Romanian businessman Ilie Carabulea was sentenced Thursday to one and a half years in prison for bribing a prosecutor. The prosecutor, Florin Apostu, was sentenced to five years in prison.
UAMT Oradea Eyes 16% Higher Profit In 2012
Romanian car parts maker UAMT Oradea (UAM.RO) estimates its net profit will rise 16.2% to 630,000 lei (roughly EUR144,000) in 2012, fueled by a 14.7% increase in sales.
Leu Stays In Ranges Vs Euro In Early Trade
The Romanian leu opened slightly up against the euro Thursday, but lost earlier gains within the first hour of trading, in a quiet market.
Bucharest Bourse Opens Up, SIF Muntenia Drops 7%
The Bucharest stock exchange opened on a positive note Thursday, supported by strong increases of Fondul Proprietatea (FP.RO) and Transgaz (TGN.RO) after shareholders approved solid dividend...
Fondul Proprietatea Shareholders Ask For Dividend Payments To Be Sped Up
The shareholders of Fondul Proprietatea asked for the process of dividend payment to be sped up in Wednesday’s general meeting of shareholders in which the payment of dividends worth 531 mil...
Bucharest Stocks Close Up, But SIF Moldova Drops 14%
The Bucharest stock exchange ended in green Wednesday, in line with the international markets trend, but SIF Moldova (SIF2.RO) took a major blow, as its shares fell 13.8%.
Leu Gains Modestly Vs Euro On Positive Sentiment
Romania’s leu advanced versus the euro in late trade Wednesday, tracking the currencies in the region, and closed 0.1% higher on the day at 4.374/4.376 units.