Capital Market
Romania’s New Cabinet Wins Confidence Vote
Romania’s new Government, led by Mihai Razvan Ungureanu, received a confidence vote in Parliament Thursday, allowing it to continue reforms pledged by the previous government under a deal wi...
Leu In Ranges Vs Euro, Exchange Rate At 4.3554
Romania’s leu traded near 4.355 per euro by midday Thursday and the central bank’s reference weakened modestly to 4.3554 units, from 4.354 units a day earlier.
Bucharest Stocks Up In Early Trade, Following Foreign Markets
The Bucharest bourse opened in red Thursday morning, but it soon entered in green territory, after the European markets turned positive as investors are still waiting a conclusion of a Greec...
Alro Completes $77M Energy Efficiency Program
Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, Thursday said it has concluded a six-year program to increase energy efficiency, following total investments...
Oltchim’s Board Chairman Steps Down
Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) Thursday said Constantin Dascalu resigned his position of chairman of the board, citing personal reasons.
Leu Down Vs Euro In Early Trade
Romania’s leu opened slightly lower against the euro Thursday and traded in narrow ranges in the first part of the session, tracking regional currencies.
IMF Asks Tarom To Return Leased Boeing Plane Or Pay Lower Rent
The International Monetary Fund has asked Romania's Government to return the last Boeing 737-800 aircraft leased by state airline Tarom four years ago, or to lower the rental cost to the mar...
Bucharest Stocks Close Up, On Sturdy Trading
The Bucharest bourse closed Wednesday with an increase, on improved trading values, as almost half of the turnover came from transactions in investment fund Fondul Proprietatea (FP.RO).
Leu Ends Modestly Up Vs Euro On Growing FX Sales
Romania’s leu recovered against the euro in late trade Wednesday, helped by growing foreign currency sales, and closed slightly higher on the day at 4.3495/4.3525 units.