Capital Market
Central Bank Chief Insists Romania Must Increase Its Presence In Foreign Debt Markets
Romania must sell bonds on international markets on a regular basis to increase its credibility and avoid potential ugly moments when “blood-thirsty” markets go after desperate governments,...
Isarescu Says Another IMF Deal May Send The Wrong Message
Romania shouldn’t seek a new financial agreement with the International Monetary Fund once the current one ends in 2013, because it would send a negative signal to the markets, central bank...
Leu Exchange Rate Slides To 4.354 Vs Euro
Romania’s leu traded near 4.355 per euro by midday Wednesday and the central bank’s reference weakened to 4.354 units, from 4.3483 units a day earlier.
Bucharest Stocks Open Up On Growing Volumes
Bucharest shares opened higher amid rising volumes Wednesday, tracking international markets amid optimism that Greece will finally reach a much-awaited deal to cut its huge debt.
Leu Flat Vs Euro In Early Trade
Romania’s leu opened flat against the euro and traded in tight ranges in a quiet Wednesday morning, amid low volumes.
Bucharest Stocks Close Flat, SIFs Rule Trading
The Bucharest bourse closed Tuesday roughly flat, on low traded values, with most of the activity targeting the five regional investment funds, or SIFs.
Leu Slides Vs Euro Amid Political Uncertainties
Romania’s leu weakened against the euro Tuesday, unlike its peers in the region, and closed 0.25% lower on the day, amid uncertainties regarding the formation of a new government after cente...
Erste Group Bank Eyes Buying 0.36% In BCR For RON62M
Erste Group Bank (EBS.RO), majority shareholder of Romanian lender BCR, proposed a price of 1.09 lei (EUR0.25) per share to minority holders, in a bid to take over a total 0.36% stake in the...
BNR Head: Changing Governments Can Be Stressful To Markets
Replacing the government of a country can be a stressful factor for the financial markets, but if resolved swiftly, it may be easily digested by investors, central bank governor Mugur Isares...