Capital Market
SIFs' Net Assets Down 1.8% To RON6.26B In January
Romania’s five regional investment funds (SIFs) reported combined net assets worth 6.26 billion lei (EUR1.5 billion) in January, down 1.8% from a month earlier.
Fondul Proprietatea Holder Proposes Assets Sale For Cash Return
One of the largest stockholder in Romanian investment fund Fondul Proprietatea (FP.RO), US hedge fund Elliott Associates, asked for some of the fund's assets to be sold and the money obtaine...
Teraplast Appoints As COO A Former Caroli Foods Executive
Romanian construction systems maker Teraplast (TRP.RO) on Thursday said it has appointed Alexandru Sirbu as chief operating officer, in charge with investment, logistics, programming and pro...
Leu Opens Slightly Down Vs Euro In Quiet Market
The Romanian leu slightly weakened against the euro in early trade Thursday, in sync with the other currencies in the region, as the sentiment in the international markets is gloomy after Mo...
Fondul Proprietatea Names New Board Member
The new interim member of the Board of Nominees at investment fund Fondul Proprietatea (FP.RO), Julian Healy, was proposed by City of London Investment Management, and he has a background in...
Bucharest Stocks Open Down, In Sync With Foreign Markets
The Bucharest-listed shares opened down Thursday, with financial stocks among the top decliners, as the international markets were depressed by renewed concerns from the European banking sec...
Banca Carpatica's Loss Narrows 80% To RON31.54M In 2011
Romanian lender Banca Carpatica (BCC.RO) on Thursday reported a net loss of 31.54 million lei (EUR7.4 million) for 2011, compared with a negative result of RON154.47 million in the previous...
Mortgage Loans In Lei Twice As Expensive As Those In Czech Crowns Or Polish Zloty
Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank in...
SSIF Broker Swings To RON15.4M Loss In 2011
Brokerage firm SSIF Broker (BRK.RO) reported a loss of 15.39 million lei (EUR3.54 million) for 2011, compared to a net profit of RON6.65 million in the previous year.