Capital Market
Isarescu: Leu Is In Equilibrium Area
The Romanian leu is in an equilibrium area, which might move if economic fundamentals are changed, central bank governor Mugur Isarescu said Thursday.
Leu Ends Down, On Foreign Players' Euro Purchases
The Romanian leu traded above 4.38 to the euro in the second part of Thursday session, as foreign players bought the European currency after the local central bank cut the key rate by 25 bas...
Romania Plans To Sell RON4.25B Treasuries In April
Romania’s Finance Ministry plans to sell state paper worth 4.25 billion lei (EUR970.6 million) in April, down from RON7.86 billion sold in the previous month, ministry data showed Thursday.
Banca Transilvania Eyes 20% Hike In 2012 Pretax Profit, To RON33.47M
Romanian lender Banca Transilvania (TLV.RO) on Thursday said it expects a 20% year-on-year increase in pretax profit, to 334.7 million lei (EUR76.4 million) in 2012 from RON278.2 million a y...
Brokers Of Transelectrica's Offering Confirm Sale Price
Brokers of the secondary public offering of Romania's power grid operator Transelectrica (TEL.RO) Thursday confirmed the sale prices at 14.9 lei (EUR3.4) per share for institutional investor...
Leu Exchange Rate Weakens To 4.3788 Vs Euro, After Central Bank Rate Cut
The Romanian leu lost ground against the euro in mid-trade Thursday, after the central bank cut the key rate by 25 basis points to a record low of 5.25%, the reference rate weakened to 4.378...
Impact Developer&Contractor Assets Seized In Adjacent Case
The tax fraud investigation of a Romanian firm spilled onto realty developer Impact Developer&Contractor (IMP.RO), causing the latter to have assets worth 16.8 million lei (EUR3.8 million) s...
Bucharest Stocks Open Up, Eyes On Financials
The Bucharest stock exchange opened Thursday with a timid increase, on low traded values, with investors focusing on financial stocks.
Leu Edges Over Euro, In Quiet Trading
The Romanian leu was slightly stronger against the euro Thursday morning, in a quiet market with low traded volumes.