Capital Market
Stricter Rules For Monetary Funds
Monetary funds, the biggest mutual funds in Romania with total assets of more than 3.8 billion lei (almost EUR900 million), have less than six months left to decide whether or not they shoul...
Fondul Proprietatea Eyes Selling Unlisted Stakes
Investment fund Fondul Proprietatea (FP.RO) on Tuesday announced the appointment of Citigroup Global Markets Limited as intermediary in the sale of stocks in several unlisted power and gas d...
Bucharest Stocks Close Down, Petrom Falls 2.3%
The Bucharest bourse closed down Tuesday, spearheaded by a 2.35% decline of OMV Petrom (SNP.RO) shares, which overshadowed Fondul Proprietatea's (FP.RO) return into green territory.
Leu Stays Above 4.35 Vs Euro, In Quiet Market
The Romanian leu closed roughly flat against the euro Tuesday, on low traded volumes, while other currencies in the region were seeing a slight weakening trend.
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.3537
The Romanian leu traded in a tight range against the euro in the first half of Tuesday's session, and the central bank's reference weakened slightly to 4.3537 units, from 4.3514 units in the...
Bucharest Shares Open Slightly Down, In Calm Trading
The Bucharest-listed shares were slightly down in early session Tuesday, on reduced traded values, but the energy stocks were pushing higher.
Leu Opens Flat Vs Euro; Neighbors Lose Ground
Romania’s leu opened flat against the euro and moved in narrow ranges in early action, despite a negative sentiment in the region after China cut its growth forecast for 2012.
Bucharest Stocks Close Mixed, SIF Transilvania Finishes Strong
The Bucharest stock exchange ended with no clear direction, as a late push of Banca Transilvania (TLV.RO) lifted the BET index, while most shares closed in negative territory.
Erste: Petrom To Get Boost From Brent Oil Price Hikes
The average price of Brent oil will rise to $123 per barrel this year, compared to $111 per barrel last year, which is good news for oil companies such as OMV Petrom (SNP.RO), an Erste Group...