Capital Market
Uztel Ploiesti Sees Double Profit In 2012, At RON10M
Romanian oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) Tuesday estimated its net profit will almost double to 10.1 million lei (EUR2.3 million) in 2012, from RON5.4 million a year...
Leu Edges Higher Vs Euro, Central Bank Intervention Suspected
Romania’s leu traded around 4.38 per euro in late session Tuesday and closed slightly stronger on the day, with dealers suspecting a covert intervention from the central bank to prop the nat...
Electroputere Eyes Turnaround After 11 Bad Years
Romanian electric engine maker Electroputere Craiova (EPT.RO) estimates it will swing to profit in 2012, after eleven consecutive years of losses.
Leu Exchange Rate Flat At 4.3791 Vs Euro, On Alleged Central Bank Support
Romania’s leu lost early gains versus the euro by midday Tuesday, but the central bank’s reference was barely changed on the day, with dealers suspecting the bank stepped into the market to...
SIF Banat-Crisana Limits Banca Transilvania Group's Voting Rights
The managing board of Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) limited to 5% the voting rights of shareholders allegedly acting in concern with Banca Transilvania (TLV.R...
OMV Petrom's Output Down In 1Q, But Gas Sales Rise
The hydrocarbon production of Romania's largest oil and gas company OMV Petrom (SNP.RO) fell slightly in the first quarter, due to severe weather conditions, according to a trading statement...
Bucharest Stocks Slightly Up In Early Trade, SIFs Stay Afloat
Bucharest-listed shares were slightly up after almost an hour since the start of Tuesday's trading session, despite opening in red, with the financial stocks recouping part of previous losse...
Leu Opens Up Vs Euro In Quiet Market
Romania’s leu opened slightly higher against the euro Tuesday morning, in a quiet market and amid low volumes.
Highest Known Salaries Of Listed Companies’ Executives
Every year when multinational companies publish annual reports, rankings are compiled about the highest-paid executives. ZF has tried to make a ranking of the salaries of the executives of t...