Capital Market
Bucharest Stocks Open Down On Low Volumes
Bucharest shares opened lower Tuesday, amid low volumes, with power grid operator Transelectrica (TEL.RO) covering over 40% of the market’s liquidity in early action.
Leu Gains Modestly Vs Euro In Early Trade
Romania’s leu opened slightly higher against the euro Tuesday and moved in a narrow range in early session, amid low volumes.
Prodplast Relocates Operations, Halts Production May 1
Romanian plastics producer Prodplast (PPL.RO) Monday said it will cease production indefinitely as of May 1 because of relocation proceedings.
Bucharest Stocks Close Undecided, In Quiet Market
The Bucharest bourse closed roughly flat Monday, with most of the activity registered on the deal market, as most investors were apathetic.
Leu Ends Slightly Higher Vs Euro In Quiet Market
Romania’s leu traded in narrow ranges against the euro in late session Monday and closed slightly higher on the day, amid low volumes.
BRD-Led Consortium To Broker Hidrolectrica’s IPO
Romanian Economy Ministry has selected a consortium comprising BRD, Citigroup, Societe Generale and Intercapital Invest to broker the sale of a 10% stake in state-run hydropower generator Hi...
Romania Sells RON750M 2-Year Bonds At 5.6% Average Yield
Romania’s Finance Ministry on Monday sold a planned 750 million lei (EUR171.3 million) in two-year bonds, at an average yield of 5.6% a year, lower than at the previous auction.
Leu Slightly Up Vs Euro, Exchange Rate At 4.3786
Romania’s leu edged higher against the euro by midday Monday and the central bank’s reference gained slightly to 4.3786 units, from 4.3791 units in the previous session.
Bucharest Stocks Open Up, In Quiet Market
The Bucharest bourse opened Monday with an upward tendency, on low traded values, while investors were focusing mainly on investment fund Fondul Proprietatea (FP.RO).