Capital Market
Leu Exchange Rate Rises Modestly To 4.3529 Vs Euro
Romania’s leu traded in tight ranges against the euro by midday Friday and the central bank’s reference strengthened slightly to 4.3529 units, from 4.3554 units a day earlier.
Bucharest Stocks Modestly Up In Early Trade
Bucharest shares opened slightly higher Friday, with investment fund Fondul Proprietatea (FP.RO) covering 70% of market trading.
Leu Dips Vs Euro In Early Trade
Romania’s leu edged lower against the euro amid low volumes Friday morning, following the currencies in the region after EU leaders demanded more spending cuts from Greece before releasing a...
Bucharest Bourse 2011 Net Profit Triples To RON17M
The Bucharest Stock Exchange (BVB.RO) Friday said its net profit more than tripled on the year to roughly 17 million lei (EUR4 million) in 2011, boosted by higher sales revenue and improved...
Bucharest Bourse Hires Executive Search Firm To Find New GM
The Bucharest Stock Exchange will hire an executive search firm to assist in selecting a new general manager, after Valentin Ionescu was dismissed from the position in November last year.
Stock Market Rally Catches Fund Managers By Surprise
The market rally at the beginning of this year was so surprising that even managers of equity funds had not seen it coming. As a result, the most profitable mutual funds were those less acti...
Bucharest Stocks Close Up, Eyes On SIFs
The Bucharest bourse closed in green Thursday, following increases of the European markets, with local investors hardly looking at other stocks beside the main investment funds.
Leu Ends Flat Vs Euro On Positive Sentiment
Romania’s leu edged higher against the euro in late trade Thursday, amid a positive sentiment in the region after Greek officials agreed to new austerity measures in exchange for more foreig...
Voestalpine Vae Apcarom Posts RON7.2M Net Profit In 2011
Romanian rolling stock maker Voestalpine Vae Apcarom Buzau (APC.RO) on Thursday reported a 25.1% in its net profit, to 7.2 million lei (EUR1.7 million) in 2011, from RON5.8 million in the pr...