Capital Market
Leu Slides Vs Euro; Central Bank’s Intervention Suspected
Romania’s leu continued to retreat against the euro in late trade Thursday and hit the day’s low of 4.39 per euro, with dealers suspecting a covert intervention from the central bank to prev...
Bucharest Stocks Close Up, Trading Slumps
The Bucharest bourse closed mildly up Thursday, on very reduced traded values, with financial stocks among the few movers.
Romania Sells RON1B 5-Year Bonds At 6.3% Average Yield
Romania’s Finance Ministry on Thursday sold 1.03 billion lei (EUR235 million) in five-year bonds, double the planned amount, at an average yield of 6.29% a year, lower than at the previous a...
Leu Exchange Rate Falls To 21-Month Low Of 4.3672 Vs Euro
Romania’s leu retreated against the euro by midday Thursday and the central bank’s reference weakened to 4.3672 units, the lowest rate in the past 21 months.
Rafo Seeks EUR70M Loans For Upgrades
Romanian refinery Rafo Onesti (RAF.RO) seeks to borrow EUR60 million from external creditors and EUR10 million from its majority shareholder, Petrochemical Holding Austria, in an installatio...
Sibiu Court Allows Insolvency For Concefa
The Sibiu court on Wednesday allowed an insolvency procedure request filed by construction company Concefa Sibiu (COFI.RO), according to a memo posted on the Bucharest Stock Exchange.
Leu Opens Weaker Vs Euro, Players Look Towards Central Bank
The Romanian leu opened Thursday slightly weaker against the euro, but it soon started to strengthen on player expectations of a central bank intervention to calm the leu’s decline.
Bucharest Stocks Open Slightly Up, Amid Market Apathy
The Bucharest stock exchange opened slightly up Thursday, on little to no trading, while the European markets also posted mild variations.
Proprietatea Fund Profit Falls To RON1.2M In February
Romanian investment fund Fondul Proprietatea Wednesday said its net profit fell to 1.2 million lei (EUR0.27 million) in February, from RON3.7 million a month earlier.