Capital Market
Bucharest Stocks Open Up, Eyes On Lenders
The Bucharest bourse opened Friday with an increase, on low traded values, while the bulk of investment was focusing on the shares of the main investment funds and of banks.
Construction Firm Concefa Files For Insolvency
Romanian constructions company Concefa Sibiu (COFI.RO) Thursday said it will file for insolvency and expressed its intent to reorganize its activity.
Banca Transilvania Sells 4% In SIF Banat-Crisana For RON30M
Romanian lender Banca Transilvania (TLV.RO) and five of its units Wednesday and Thursday sold a total stake of 4% in regional investment fund SIF Banat-Crisana (SIF1.RO) for around 30 millio...
Bucharest Stocks Close Flat, Eyes On Financials
The Bucharest bourse closed roughly flat Thursday, on improved traded values, while the bulk of investment focused on the shares of financial companies.
Leu Dips Vs Euro On Rising FX Demand
Romania’s leu edged lower against the euro in late trade Thursday, amid growing demand for foreign currency, and closed slightly weaker on the day at 4.353/4.355 units.
Zentiva Romania 2011 Net Profit Down 45% To RON31.6M
Pharmaceuticals company Zentiva Romania (SCD.RO) Thursday said its net profit dropped 45% to 31.56 million lei (EUR7.4 million) in 2011, from RON57.4 million a year earlier.
Romania Sells RON500M 5-Year Bonds At 6.75% Average Yield
Romania’s Finance Ministry on Thursday sold 500 million lei (roughly EUR115 million) in five-year bonds, above the planned amount, at an average yield of 6.75% a year, lower than at the prev...
Alro Could Declassify Hidroelectrica Deal, But Won’t Parade It
Romanian aluminum producer Alro Slatina (ALR.RO), part of Russian-owned group Vimetco, on Thursday said it is willing to declassify the electricity purchase contract it has with state-owned...
Leu Exchange Rate Weakens Modestly To 4.3497 Vs Euro
Romania’s leu traded near 4.35 per euro by midday Thursday and the central bank’s reference weakened slightly to 4.3497 units, from 4.3467 units a day earlier.