Capital Market
Antibiotice Net Profit Rises 60% To RON20M In 2011
Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) Monday said its net profit rose 60% to 20 million lei (EUR4.7 million) in 2011, fueled by a 15% increase in sales.
Romania Sells RON1.5B 1-Year T-Bills At 5.8% Average Yield
Romania’s Finance Ministry on Monday sold 1.5 billion lei (EUR345 million) in one-year treasury bills, almost double the planned amount, at an average yield of 5.8% a year.
Leu Exchange Rate Modestly Higher At 4.3477 Vs Euro
Romania’s leu traded near 4.35 per euro by midday Monday and the central bank’s reference strengthened to 4.3477 units, from 4.3529 units in the previous session.
Leu Up Vs Euro In Early Trade, Attuned To Region
Romania’s leu opened higher against the euro Monday, amid a positive sentiment in the region after the Greek lawmakers approved a new batch of austerity measures needed to secure an internat...
Bucharest Stocks Open Up, SIFs Push Higher
The Bucharest-listed shares opened on an upward trend Monday, following the international markets, on a positive sentiment after Greece Parliament voted in favor of an austerity plan.
Top Stock Exchange Rises Since The Beginning Of The Year
Nobody would have imagined at the beginning of the year that the BET index (of the 10 most liquid stocks) would rise 16% in a month and a half, and that the SIFs (regional investment funds)...
Bucharest Stocks End Down, SIFs Drive Trades
The Bucharest bourse closed down Friday, with the bulk of trading focused on the five regional investment funds (SIFs) and Fondul Proprietatea (FP.RO) in a relatively calm session.
Leu Closes Slightly Higher Vs Euro After Quiet Session
Romania’s leu gained modestly versus the euro in late trade Friday and closed slightly higher on the day at 4.3485/4.35 units, amid a quiet market.
Romanian Fund Net Assets Up 2.4% In January, To RON6.94B
The net assets of local investment funds increased in January by 2.4%, to 6.94 billion lei (EUR1.59 billion), with monetary funds and bond funds seeing 99% of net subscriptions.