Capital Market
Transgaz Approves RON29.76/Share Dividend For 2011
Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Wednesday approved paying its shareholders a gross dividend of 29.76 lei (EUR6.79) a share from the 2011 profit, 3.4...
Leu In Ranges Vs Euro, Exchange Rate At 4.3778
Romania’s leu moved in a tight range against the euro by midday Wednesday and the central bank’s reference advanced modestly to 4.3778 units, from 4.3791 units a day earlier.
Fondul Proprietatea Approves 8% Buyback Program
Romanian investment fund Fondul Proprietatea (FP.RO) Wednesday approved a buy-back program for an 8% stake in the fund, valued at 595 million lei (EUR135 million).
voestalpine VAE APCAROM Pays 60% Lower Dividend In 2012
Romanian rolling stock maker voestalpine VAE APCAROM (APC.RO), owned by Austria's voestalpine, Wednesday approved paying its shareholders a gross dividend of 0.09 lei (EUR0.02) a share from...
Bucharest Stocks Gain Modestly In Early Action
Bucharest shares edged higher in early trade Wednesday, amid rising volumes, with financial stocks covering half of the morning liquidity.
Leu Slightly Up Vs Euro In Early Trade
Romania’s leu opened a tad higher against the euro Wednesday and traded just below 4.38 units in early action, amid a quiet market.
Templeton Takes Foreign Investment Funds To Visit The Iron Gates And Cernavoda
Franklin Templeton, which manages the assets of Fondul Proprietatea investment fund, took the heads of foreign funds and investment bankers to see Romania’s biggest energy assets: the Iron G...
Biofarm Sees 2012 Net Profit Up 17% To RON16.6M
Romanian drugmaker Biofarm (BIO.RO) estimates its net profit will rise 17% on the year to 16.6 million lei (EUR3.79 million) in 2012, fueled by higher sales.
Bucharest Bourse Closes Up, Special Deals Lift Traded Value
The Bucharest stock exchange closed up Tuesday, as the European markets turned into green, while the traded values were raised by several deals closed outside the regular market.