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Erste Wants 100% In BCR, Persuades 339 Individuals To Sell, Continues Negotiations With SIF Oltenia
Banks-Insurance

Erste Wants 100% In BCR, Persuades 339 Individuals To Sell, Continues Negotiations With SIF Oltenia

Austria’s Erste Group (EBS.RO) has only one of the top ten individual shareholders of BCR left to persuade, after nine of them have already accepted the offer to sell at 1.09 lei per share,...

Razvan Voican · 29.03.2012 · 00:00 · 3 min
Rompetrol Rafinare Sees 2012 Loss Narrowing To $86M
Energy

Rompetrol Rafinare Sees 2012 Loss Narrowing To $86M

Romanian Rompetrol Rafinare SA (RRC.RO), which clusters the refinery operations of oil group Rompetrol, expects to reduce its loss this year to $86 million, from $167.4 million in 2011.

Andrei Cîrchelan · 28.03.2012 · 17:38 · 1 min
Capital Market

Leu Ends Slightly Down Vs Euro After Apathetic Trading

The Romanian leu stayed below 4.375 to the euro in late trade Wednesday, closing slightly weaker on the day after an apathetic session with very low transferred volumes.

Bogdan Neagu · 28.03.2012 · 17:37 · 1 min
Capital Market

Bucharest Stocks Close Up, SIFs Buck Trend

The Bucharest bourse closed slightly up Wednesday, but the five regional investment funds, or SIFs, closed in the red.

Andrei Cîrchelan · 28.03.2012 · 17:36 · 1 min
Romania Stands To Collect RON164.7M From Transelectrica Public Offering
Capital Market

Romania Stands To Collect RON164.7M From Transelectrica Public Offering

Romania stands to collect 164.7 million lei (EUR37.7 million) from selling 15% in state-owned power grid operator Transelectrica (TEL.RO) in a public offering concluded Tuesday.

Andrei Cîrchelan · 28.03.2012 · 13:50 · 1 min
Leu Slides Vs Euro, Exchange Rate At 4.3737
Capital Market

Leu Slides Vs Euro, Exchange Rate At 4.3737

The Romanian leu traded in narrow ranges against the euro in the first part of Wednesday sesssion, and the central bank's indicative weakened 0.1% to 4.3737 units.

Bogdan Neagu · 28.03.2012 · 13:48 · 1 min
Bucharest Bourse Signs Collaboration Deal With London Stock Exchange
Capital Market

Bucharest Bourse Signs Collaboration Deal With London Stock Exchange

Bucharest bourse operator (BVB.RO) and the London Stock Exchange Group, or LSEG, concluded Wednesday an agreement for collaboration in five key areas of business, the companies said in a joi...

Andrei Cîrchelan · 28.03.2012 · 13:47 · 1 min
Capital Market

Leu Opens Flat Vs Euro In Quiet Market

The Romanian leu traded around 4.37 against the euro in the first hour of Wednesday's session, but the transferred volumes were reduced.

Bogdan Neagu · 28.03.2012 · 11:11 · 1 min
Capital Market

Bucharest Stocks Open Down, In Line With Foreign Markets

Bucharest-listed stocks opened down, following the international trend, but the interest for trading was reduced.

Bogdan Neagu · 28.03.2012 · 11:01 · 1 min