Capital Market
Leu Opens Flat Vs Euro, In Quiet Market
The Romanian leu opened Friday roughly flat on the day, similar to the evolution of otheer currencies in the region, in a market with low traded volumes.
Bucharest Stocks Open Up, Eyes On Financials
The Bucharest bourse opened up Friday, with investors mainly focusing on the shares of investment funds and lenders.
Robert Rekkers, CEO Of Banca Transilvania, Resigns Unexpectedly
Romanian lender Banca Transilvania (TLV.RO) Friday announced the resignation of its chief executive officer Robert Rekkers and his temporary replacement with board member Peter Franklin.
Bucharest Stocks Close Up, Trading Picks Up
The Bucharest bourse closed up Thursday, on improved traded values, with financial stocks catching again the investors' eyes.
Leu Ends Higher Vs Euro, Attuned To Region
Romania’s leu advanced against the euro in a quiet market Thursday, tracking the currencies in the region, and closed almost 0.2% stronger on the day at 4.3435/4.346 to the euro.
Economy Ministry Requests Budget Revisions For Almost 50 State Companies
Romania's Economy Ministry has asked the Government to revise the 2011 budgets of almost 50 state-owned companies, to include higher costs, and complained that the Finance Ministry has not a...
Leu In Ranges Vs Euro, Exchange Rate At 4.3452
Romania’s leu traded in ranges against the euro by midday Thursday and the central bank’s reference strengthened modestly to 4.3452 units, from 4.3497 units a day earlier.
Oltchim To Work On Debt Payment Schedule With Electrica
Romanian chemical company Oltchim (OLT.RO) Thursday said it will establish a payment schedule for its debt to energy supplier Electrica, a day after the latter has terminated an agreement si...
Alro Considers Compensation Measures For High Energy Costs
Romanian aluminum maker Alro Slatina (ALR.RO) Thursday said it is considering options, including operations restructuring and stopping less efficient production capacities, if it is unable t...