Capital Market
Leu Opens Flat Vs Euro, Amid Market Apathy
The Romanian leu opened roughly flat against the euro Wednesday, on low traded volumes, as the regional markets were also quiet.
Zentiva Romania To Pay Dividends Of RON33.8M, More Than 2011 Preliminary Profit
Drug maker Zentiva Romania (SCD.RO) plans to pay dividend worth a total 33.85 million lei (EUR7.7 million) for 2011, even though preliminary reports point to a net profit of RON31.56 million...
Most Indebted Companies On The Stock Exchange
The cumulated debts of listed companies went up from 25 billion lei (EUR5.7 billion) at the end of 2008 to RON34 billion (EUR7.7 billion) at the end of 2011. During the same period the compa...
Leu Depreciation Could Benefit Local Currency Lending And Exports, But Strikes At Trust And Inflation
The leu's depreciation towards 4.4 against the euro could support the strategy recently adopted by Romania's central bank to encourage lending in lei, and could amount to a breath of fresh a...
Biofarm Set To Double Dividend
Romanian drugmaker Biofarm (BIO.RO) Tuesday proposed paying out a gross dividend of 0.01 lei (EUR0.002) a share from the 2011 profit, nearly double of the year.
Bucharest Stocks Close Down, Eyes On SIFs
The Bucharest bourse closed Tuesday with a decrease, on very low traded values, while most of the activity focused on investment fund Fondul Proprietatea (FP.RO) and the five regional invest...
Leu Ends Session On A Flat Note Vs Euro
Romania’s leu moved in a tight range against the euro Tuesday and closed roughly unchanged on the day, amid low volumes.
Leu In Ranges Vs Euro, Exchange Rate At 4.378
Romania’s leu traded in narrow ranges against the euro by midday Tuesday and the central bank’s reference gained modestly to 4.378 units, from an all-time low of 4.3794 units a day earlier.
Bucharest Stocks Open Down, In Sleepy Market
The Bucharest bourse opened Tuesday on a downward trend, with little to no trading in the market.