Capital Market
Nuclear Plant Operator Takes Bids For IPO Brokerage
Romanian nuclear power plant operator Nuclearelectrica on Thursday announced a May 21 deadline for bids from brokers looking to intermediate an initial public offering floating a 10% stake i...
Three Quarters Of Listed Companies Expect Better 2012
Almost three quarters of the companies listed on the Bucharest Stock Exchange budgeted higher revenue for this year. The same number of companies see bottom line improving, too, which means...
Conpet Proposes Doubling Dividend In 2012
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) Wednesday proposed paying out a gross dividend of 8.08 lei (EUR1.847) a share from its own reserves and the 2011 profit.
Raiffeisen Asset Management 2011 Pretax Profit Slides To RON6.5M
Romania’s leading asset administrator Raiffeisen Asset Management Wednesday reported a pretax profit of 6.5 million lei (EUR1.5 million) in 2011, around 6% lower on the year.
Azomures May Pay Dividend In 2012 After 7-Year Break
Romanian investment fund Fondul Proprietatea (FP.RO), minority owner in fertilizer producer Azomures (AZO.RO), Wednesday proposed the company pay out dividends to its shareholders for the fi...
Bucharest Stocks Close Down, SIFs Underachieve
The Bucharest stock exchange closed Wednesday with a slight increase, on low traded values, while the index tracking investment funds closed in the red.
Leu Weakens Vs Euro Amid Low Volumes
Romania’s leu weakened slightly against the euro amid low volumes Wednesday, with dealers suspecting the central bank has stepped into the market to keep the leu from losing too much ground...
SIF Muntenia Sells Remaining Stake In BCR For RON53.5M
Romanian regional investment fund SIF Muntenia (SIF4.RO) Wednesday said it has sold its remaining stake in Banca Comerciala Romana (BCR) to Austria’s Erste Group Bank AG (EBS.RO) for 53.5 mi...
Leu Exchange Rate Weakens To 4.3746 Vs Euro
Romania’s leu traded near 4.375 per euro by midday Wednesday and the central bank’s reference weakened to 4.3746 units, from 4.3696 units a day earlier.