Capital Market
Leu Steady Vs Euro, Exchange Rate At 4.3473
Romania’s leu traded in ranges against the euro by midday Tuesday, while the central bank’s reference was set at 4.3473 units, barely changed from 4.3477 units a day earlier.
BRD Net Profit Down 7% To RON465M In 2011
Romania’s second-largest lender BRD-Groupe Societe Generale (BRD.RO) Tuesday reported a net profit of 465 million lei (EUR109.7 million) for 2011, down 7% on the year, as the banking income...
Bucharest Stocks Open Up, On Sturdy Trading
The Bucharest bourse opened Tuesday with a minor increase, on solid trading, with investors focusing on the main investment funds.
Alumil Posts 71% Jump In 2011 Profit, To RON3.6M
Aluminum systems maker Alumil Rom Industry Bucuresti (ALU.RO) on Monday posted a 71% year-on-year increase in its 2011 net profit, to 3.6 million lei (EUR0.87 million), from RON2.1 million i...
Leu Opens Flat Vs Euro, In Quiet Market
The leu opened Tuesday roughly flat against the euro, on low traded volumes, while other currencies in the region were seeing a weakening trend.
Consultant: We Need A Competitive Capital Market If We Want The Discount In The State’s Offerings To Diminish
The low liquidity of the Romanian capital market, the high trading costs, and the lack of predictability of regulations are making the Romanian market as a whole less attractive than competi...
Transelectrica May Cease Electricity Exports During Blizzard
Romanian state-owned power grid operator Transelectrica (TEL.RO) will limit or even cease electricity exports for one month, between February 16 and March 15, 2012, since bad weather diminis...
Bucharest Stocks Close Up, Interest Dissipates
The Bucharest bourse closed Monday on an upward trend, but activity in the market continued to weaken while investors kept focusing on the traditional liquidity drivers.
Leu Remains Stable Vs Euro In Quiet Market
Romania’s leu moved in tight ranges against the euro amid a quiet market Monday and closed slightly higher on the day at 4.344/4.3455 per euro.