Capital Market
Proprietatea Fund May Buy Back 8% Of Own Shares
Franklin Templeton Investment Management Ltd. UK, sole administrator of Romanian restitution fund Fondul Proprietatea (FP.RO), Friday called on the fund’s shareholders to approve a buy-back...
Leu Ends Marginally Lower Vs Euro
Romanian leu traded below 4.384 per euro in late session Friday, closing marginally weaker on the day, amid rising volumes and suspected interventions from the central bank to support the na...
Bucharest Stocks Close Up, SIFs Dip
The Bucharest bourse closed slightly up Friday, on moderate traded volumes, with the bulk of activity focusing on investment fund Fondul Proprietatea (FP.RO).
Economy Ministry To Transfer Control Of Transelectrica, Transgaz
Romanian Economy Ministry may have to transfer its control over the shares of state-run power grid operator Transelectrica (TEL.RO) and natural gas transporter Transgaz (TGN.RO) to other min...
Leu Exchange Rate Falls To Record Low Of 4.3783 Vs Euro
The leu continued to weaken against the euro midday Friday, and the central bank's reference was set at 4.3783 units, a new historic low.
SIF Transilvania Posts Highest Profit Among The SIFs In February
SIF Oltenia (SIF5.RO) saw the greatest increase in net assets and SIF Transilvania (SIF3.RO) was the most profitable in February, according to the monthly reports filed by Romania's five reg...
Bucharest Stocks Open Up, On Improved Trading Values
The Bucharest bourse opened up Friday, on higher traded volumes after previous session's numbness, with more than half of turnover coming from transactions in investment fund Fondul Propriet...
Leu Opens Weaker Vs Euro, Players Roll Back
The Romanian leu opened weaker against the euro Friday, staying above 4.38 units, as players were buying euro to close positions speculating a potential strengthening of the local currency.
Romania Announces Two-Stage Privatization For Chemical Producer Oltchim
Romania’s Economy Ministry will use a two-stage privatization scheme to sell its 54.8% stake in state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), according to the privatization annou...