Capital Market
Proprietatea Fund Clears Plan To Sell Assets
Romanian investment fund Fondul Proprietatea (FP.RO) Wednesday decided to sell some of its assets and distribute the proceedings to its shareholders.
Fondul Proprietatea Appoints New Board Members
The largest shareholders in Romanian investment fund Fondul Proprietatea (FP.RO), US hedge fund Elliottt Associates and City of London, will have three seats in the Board of Representatives,...
Leu Up Vs Euro, Exchange Rate At 4.3742
Romania’s leu advanced against the euro by midday Wednesday and the central bank’s reference strengthened slightly to 4.3742 units, from 4.378 units a day earlier.
Fondul Proprietatea Shareholders Agree To Warsaw Listing
Shareholders of Romanian investment fund Fondul Proprietatea (FP.RO) approved Wednesday, in principle, the fund’s secondary listing on the Warsaw bourse.
Bucharest Stocks Open Down, On Low Trading
The Bucharest bourse opened Wednesday in the red, on low traded values, while traditional favorite Fondul Proprietatea (FP.RO) was suspended from trading for a shareholder meeting.
Bucharest Stocks Close Down, SPO Discounts Put Transelectrica In Spotlight
The Bucharest bourse closed down Tuesday, on low traded values, with more than one third of turnover coming from trades in state-owned power grid operator Transelectrica (TEL.RO).
Leu Ends Up Vs Euro Amid Low Volumes
Romania’s leu edged higher against the euro in late trade Tuesday and closed just shy of 4.376 units, amid low volumes.
Leu Stable Vs Euro, Exchange Rate At 4.378
Romania’s leu was stable against the euro by midday Tuesday, in line with the currencies in the region, and the central bank’s reference gained slightly to 4.378 units, from 4.3786 units a d...
Artego Sees 2012 Net Profit Down Some 66%, To RON1.4M
Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) expects a net profit of 1.4 million lei (EUR0.32 million) for 2012, compared to RON4.3 million in the previous year, the company said T...