Capital Market
Four Companies File Non-binding Bids For Oltchim Privatization
Russian energy producer TISE, Germany’s PCC SE, Pegamont Ploiesti and Aisa Invest Cluj have submitted non-binding offers for the privatization of Romanian state-run chemical producer Oltchim...
Leu In Ranges Vs Euro, Exchange Rate At 4.3746
Romania’s leu traded in narrow ranges against the euro by midday Tuesday and the central bank’s reference weakened slightly to 4.3746 units, from 4.3733 units in the previous session.
Erste To Pay EUR141M Dividend On Participation Certificates In 2012
Austrian Erste Group Bank AG (EBS.RO) Tuesday proposed paying out dividend of EUR141 million on the participation certificates for the business year 2011.
Bucharest Stocks Open Down, On Thin Traded Values
The Bucharest bourse opened in red Tuesday, but the traded values were reduced after the Orthodox Easter holidays, with only the financial stocks getting some attention.
Leu Opens Slightly Higher Vs Euro On Low Volumes
The Romanian leu rose slightly against the euro in the first hour of Tuesday trading, after the Orthodox Easter holiday, but the trading volumes remaines low.
Hidroelectrica Tries To Woo Investors With Less Than EUR10M Profit Ahead Of Listing
Hidroelectrica, Romania’s largest energy producer budgeted 42.4 million (EUR9.7 million) net profit for this year, a five-fold increase on the profit of 2011, a really hard time for the comp...
Doraly Owner Becomes Largest Shareholder Of SIF Muntenia, Calls Management To Account
Gheorghe Iaciu, known as the owner of the Doraly shopping complex (he actually owns 50% and a fund of UK’s HSBC the other 50%) near Bucharest, has nearly become the largest shareholder of re...
SIF Transilvania Net Profit Nearly Triples In 1Q
Romanian regional investment fund SIF Transilvania (SIF3.RO) Friday reported a net profit of 67.8 million lei (EUR15.5 million) in the first quarter, almost three-fold higher on the year.
Chimpex Eyes 65% Increase In 2012 Profit To EUR3.4M
Romanian port operator Chimpex Constanta (CHEM.RO) estimates its net profit will rise 65% to EUR3.43 million in 2012, from roughly EUR2.1 million a year earlier, according to the company’s r...