Capital Market
OMV Petrom, ExxonMobil Announce Hydrocarbon Discovery In Black Sea Well
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania have found natural gas in a test drilling at the Domino-1 deepwater well in a joint Black...
Transelectrica Has Maxed Out Its Credit Card
Romanian state-run power grid operator Transelectrica (TEL.RO) has maxed out its capacity to borrow money from banks and is looking for alternative resources to finance its planned investmen...
Bucharest Stocks Close Up, Eyes On Financials
The Bucharest bourse closed Friday with a solid increase, on high traded values, with activity focusing on the main investment funds.
Leu Ends Higher Vs Euro Amid Low Volumes
Romania’s leu returned to gains versus the euro in late trade Friday and closed slightly stronger on the day, amid low volumes.
SIF Moldova Sees 2012 Net Profit Down To RON76.5M
Romanian investment fund SIF Moldova (SIF2.RO) expects to a achieve a net profit of 76.5 million lei (EUR17.6 million) this year, compared to RON191.5 million in 2011, when it sold its stake...
OMV Petrom's Power Plant To Start Production In Second Half Of 2012
The thermal power plant built by oil company OMV Petrom (SNP.RO) in southern Romania will most likely start activity in the second half of 2012, after technical difficulties, according to a...
Leu Exchange Rate Modestly Higher At 4.3467 Vs Euro
Romania’s leu edged lower against the euro in mid trade Friday, but the central bank set a reference rate for the national currency of 4.3467 units, slightly stronger from 4.347 units a day...
Romania To Tap US Debt Market Again - Finance Minister
Romania wants to tap again the US debt market, following a successful 10-year bond sale earlier this week, Finance Minister Gheorghe Ialomitianu said Friday.
Bucharest Stocks Open Up, SIFs In Red
The Bucharest bourse opened Friday with an increase, on low traded values, while the bulk of investment focused mainly on the shares of financial issuers.