Capital Market
Bucharest Stocks Open Up, In Quiet Market
The Bucharest bourse opened Monday with an increase, on low traded values, with the bulk of activity focusing on regional investment fund SIF Transilvania (SIF3.RO) and Fondul Proprietatea (...
Petrom To Pay Almost Half Of 2011 Profit As Dividend
Romanian dominant oil company OMV Petrom (SNP.RO) Friday proposed paying out a gross dividend of 0.031 lei (EUR0.007) a share from the 2011 profit, 75% higher on the year.
Nearly 50% Of Romania Transelectrica SPO Subscribed In 8 Days
Investors subscribed Friday a little over a third of the 15% stake Romania is offering in state-run power grid operator Transelectrica (TEL.RO), bringing the total stock sold to around 7%.
SIF Banat-Crisana Eyes 28% Higher Net Profit In 2012
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) estimates a 28% increase in its net profit to 80.6 million lei (EUR18.4 million) in 2012, as costs are expected to decline faste...
Bucharest Stocks Close Down, SIFs Buoy
The Bucharest bourse closed Friday with a decline, on low traded values, but the five regional investment funds, or SIFs, managed to stay in the green.
Leu Dips Vs Euro On Rising Volumes
Romania’s leu closed slightly weaker against the euro Friday, amid increased appetite from investors.
Leu Exchange Rate Gains Modestly To 4.3712 Vs Euro
Romania’s leu reference rate strengthened against the euro for the fourth straight day Friday, albeit at a very slow pace, reaching 4.3712 units, from 4.3718 units in the previous session.
Antibiotice Proposes RON17.2M Share Capital Hike
The managing board of Romanian state-owned medicine maker Antibiotice Iasi (ATB.RO) increased to 17.2 million lei (EUR3.9 million) the sum proposed to stockholders as share capital hike, acc...
Leu Opens Stronger Vs Euro, On Low Volumes
The Romanian leu opened Friday stronger against the euro, in a quiet market with low traded volumes.