Capital Market
Leu Down Vs Euro, Exchange Rate At 4.3483
Romania’s leu edged lower against the euro by midday Tuesday and the central bank’s reference weakened to 4.3483 units, from 4.342 units a day earlier.
Leu Opens Flat Vs Euro, In Quiet Market
The leu opened Tuesday stable against the euro, near yesterday’s closing levels, while other currencies in the region were also showing some minor oscillation.
Bucharest Stocks Open Up, Eyes On Financials
The Bucharest bourse opened Tuesday with an increase, on moderate trading, while the bulk of activity was focusing on the shares of financial issuers.
Foreigners’ Holdings In Proprietatea Fund Rise To 53.5% In January
Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 53.48% in January, from 51.5% a month earlier, the fund said in a statement Monday.
Capital Economics: Romania More Vulnerable To Euro Crisis Contagion
Romanian government’s resignation is bound to impact the local financial markets on the short term, leaving the country more vulnerable to contagion from the eurozone unless the situation is...
Romania To Stick To IMF/EU Agreement Until November Elections - Analysts
Romania’s fiscal and economic program agreed with the International Monetary Fund and the European Commission is unlikely to be affected by the government’s resignation and will remain on tr...
Bucharest Stocks Close Down, In Line With Forerign Markets
The Bucharest bourse closed down Monday, unable to recover from a sharp mid-session drop fueled by Prime Minister Emil Boc’s announcement that the government resigns, as international market...
Leu Closes Up Vs Euro, Unmoved By Cabinet Resignation
Romania’s leu recouped part of its losses against the euro in late trade Monday, tracking the currencies in the region, and closed modestly higher on the day at 4.343/4.344 units, unfazed by...
Erste: Romania’s Borrowing Costs Shouldn’t Climb After PM Resignation
Romanian government’s resignation shouldn’t drive borrowing costs higher, as long as the country remains committed to its economic and fiscal adjustment program agreed with foreign lenders,...