Capital Market
Bucharest Stocks Down In Early Trade, In Line With Foreign Markets
The Bucharest-listed stocks were down in early trade Monday, in line with the international trend, after strong gains in the past week when the local market seemed decoupled from the foreign...
Leu Opens Up, On Local Banks' Euro Sales
The Romanian leu rose against the euro on Monday morning, but the transferred volumes were low, with some local banks selling hard currency, dealers said.
Investment Funds In Fierce Competition With Banks Over Savings In 2012
Raiffeisen Asset Management, with over EUR650 million in assets under management, estimates its assets will increase by several tens of million of euros this year, because of fierce competit...
IMF Cuts Romania’s Economic Growth Forecast To 1.3%
The International Monetary Fund (IMF), which currently has one of the most optimistic forecasts for Romania’s economic growth this year, 1.8% to 2.3%, is getting ready to lower its estimates...
Banca Transilvania Buys Back Millions Of Shares For Managers
Banca Transilvania (TLV.RO) has bought back 1.3 million of its own shares since the beginning of the year, paying 1.17 million lei (EUR272,000). The shares will be paid to employees and mana...
Bucharest Stocks Continue Upward Trend, BET-C At 3-Month High
The Bucharest bourse shook off a slow start and ended up almost 2% Friday, and the composite index touched a three-month peak, despite a weakening trend on the international markets after lo...
ArcelorMittal Iasi Hikes Share Capital To RON241M
Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) will increase its share capital by 78 million lei (EUR17.9 million) to RON241 million, the company said in a statemen...
Leu Dips Vs Euro In Quiet Market
Romania’s leu traded in ranges against the euro in late session Friday and closed slightly weaker on the day, after a lackluster day.
Tarom's Net Loss Shrinks To RON252.2M In 2011
Romanian state-run airline Tarom has narrowed its losses by 24.2% to 252.18 million lei (EUR58.1 million) in 2011, from RON332.5 million a year earlier.