Capital Market
Bucharest Stocks Open Up, In Quiet Market
The Bucharest bourse was up 1% in early trade Tuesday, recouping part of the strong decline in the previous session, but the transferred volumes were low.
Government Suspends Issue Of Compensatory Certificates For Nationalized Property For 6 Months
The Romanian Government on Tuesday decided to suspend for six months the issue of certificates whereby the people whose property was abusively seized during the communist period receive comp...
Transelectrica Suspended, As Romanian Government Sets Public Offering Price
The shares of Romanian state-owned power grid operator Transelectrica (TEL.RO) were suspended from trading Monday morning, as authorities are about to approve the minimum and maximum prices...
Investors Might Buy Into Transelectrica SPO For 15% Discount
Fund managers would buy stock in state-owned power grid operator Transelectrica (TEL.RO) if the state accepts a price 10%-15% below the market price, given that the company’s profitability i...
Bucharest Stocks Close Down, On Low Trading
The Bucharest bourse closed Monday with a downward trend, on low traded volumes, with the bulk of activity focusing on investment fund Fondul Proprietatea (FP.RO).
Leu Weakens Modestly Vs Euro In Quiet Market
Romania’s leu edged lower against the euro in late trade Monday and closed at 4.357/4.358 units, amid low volumes.
Romania Sells RON2.5B 1-Year T-Bills At 5.27% Average Yield
Romania’s Finance Ministry on Monday sold 2.48 billion lei (EUR571 million) in one-year treasury bills, more than double the planned amount, at an average yield of 5.27% a year, lower than a...
Pay Hike Row Sparks Strike At Oil Terminal
Two thirds of the some 1,200 employees at Romanian harbor operator Oil Terminal Constanta (OIL.RO) went on general strike Monday morning, claiming pay hikes, according to union leaders.
Leu Exchange Rate Dips To 4.3558 Vs Euro
Romania’s leu was stable against the euro by midday Monday and the central bank’s reference weakened modestly to 4.3558 units, from 4.3545 units in the previous session.