Capital Market
Petrom Takes Steps To Ensure 70% Profit Growth In 2012: Hikes Diesel Price To RON6/Liter
One liter of diesel oil costs 6 lei (almost EUR1.4) at Petrom’s filling stations as of Thursday, a record high level, after the company raised the price by RON0.09 per liter. The gasoline li...
Leu Up Vs Euro, Exchange Rate At 4.3557
Romania’s leu edged higher against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3557 units, from 4.3602 units a day earlier.
Romania To Launch Roadshows For Transelectrica SPO Next Week
Romania will launch roadshows for a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO) on February 27, while investors will be able to subscribe to the offeri...
Bucharest Stocks Open Up, On Improved Trading
The Bucharest Stock Exchange opened Thursday with an increase, on higher trading, while the bulk of investment was focusing on investment fund Fondul Proprietatea (FP.RO).
Leu Opens Flat Vs Euro, In Quiet Market
The leu opened roughly flat against the euro Thursday, on low traded volumes, while other currencies in the region were seeing a similar pattern of evolution.
Banks Want Longer Maturities On Bonds, Transparency From The New Treasury Head
Longer maturities on government bonds, a clear bond issuing calendar for the whole year, as well as sticking to the amounts in the issuing prospectus are the main recommendations of analysts...
Mechel Announces Romanian Plants Resume Production After Halt
Russia’s steel giant Mechel Wednesday said three of its four Romanian plants that ceased production because of bad weather have resumed operations, while the last one is scheduled to start a...
Bucharest Stocks End Higher, Petrom Surges 5%
The Bucharest stocks gained 1% Wednesday, led by OMV Petrom's (SNP.RO) surge after the company announced a big gas discovery in the Black Sea.
Leu Closes Slightly Lower Vs Euro In Quiet Market
Romania’s leu weakened modestly against the euro Wednesday and closed slightly below 4.36 units, amid a quiet market.