Capital Market
UCM Resita Loss Widens To RON88M In 2011
Romanian engine manufacturer UCM Resita (UCM.RO) Wednesday said its net loss widened 37.7% to 87.9 million lei (EUR20.7 million) in 2011, from RON63.8 million in the previous year.
Transelectrica Seeks RON150M Credit As Buffer On Balancing Market
Romanian power grid operator Transelectrica (TEL.RO) on Wednesday announced it seeks a 150 million lei (EUR34.5 million) credit line to use as buffer for the payment of transactions in the b...
Mecanica Ceahlau 2011 Net Profit Revised Up To RON7.5M
Romanian farming machinery producer Mecanica Ceahlau (MECF.RO) reported a net profit of 7.5 million lei (EUR1.72 million) in 2011, over threefold higher from RON2.2 million in the previous y...
SIF Transilvania 2011 Revenue Triples On BCR Stake Sale
Regional investment fund SIF Transilvania (SIF3.RO) on Wednesday announced that its revenue nearly tripled in 2011, to RON325.88 million, after selling its stake in lender BCR to Austrian Er...
Leu Exchange Rate At 4.3467 Vs Euro
Romania’s leu was steady against the euro at midday Wednesday, while the central bank’s reference firmed marginally to 4.3467 units, from 4.3473 units a day earlier.
Fondul Proprietatea Jan Profit Triples On Year, To RON3.69M
Investment fund Fondul Proprietatea (FP.RO) reported a net profit of 3.69 million lei (EUR0.85 million) in January, compared to little over RON1 million in the same month of the previous yea...
Romania To Sell 15% In Transelectrica In March - Broker
Romania plans to launch a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO) early March, one of the brokers hired to help with the sale said Wednesday.
Aerostar Bacau 2011 Net Profit Stagnates At RON11.6M
Plane construction and repair firm Aerostar Bacau (ARS.RO) on Wednesday reported a net profit of 11.61 million lei (EUR2.67 million) for 2011, compared to RON11.27 million in 2010.
Bucharest Stocks Open Up, In Line With European Markets
Bucharest shares edged higher in early trade Wednesday, tracking international markets following better-than-expected economic data in Germany and France and amid hopes that Greece's financi...