Capital Market
Bucharest Stocks Open Up, With Little Variation
The Bucharest bourse opened Thursday with a minor increase, on low traded volumes, while the bulk of activity focused on the shares of issuers on the financial segment.
Leu Opens Stronger Vs Euro, In Quiet Market
The leu opened Thursday stronger against the euro, on low traded volumes, recovering ground lost in the previous session.
The Saga Of Property Restitutions Goes On: 145,000 Claims Left Out Of FP
The Romanian government has to solve around 145,000 claims for compensation submitted by people stripped of their properties by the communist regime, after in the past twenty years the state...
Bucharest Stocks Close Down, SIFs End Rally
The Bucharest bourse closed down Wednesday, and the five regional investment funds (SIFs) saw an end of their increase in the past few trading sessions.
Leu Falls Vs Euro In Quiet Market
Romania’s leu weakened against the euro amid a quiet market Wednesday and closed 0.35% lower on the day, despite a positive sentiment in the region after the International Monetary Fund anno...
Oltchim Dodges Blackout As Contract With Electrica Ends But Lights Stay On
Romanian electricity supplier Electrica on Tuesday terminated its electricity supply contract with chemical company Oltchim (OLT.RO), and deliveries to the plant were taken over by Electrica...
Bread Maker Titan's Net Profit Rises To RON8.2M In 2011
Romanian grain mill products maker Titan (MPN.RO) posted a turnover of 348 million lei (EUR82.3 million) between October 1, 2010 and September 30, 2011, while net profit stood at RON8.2 mill...
Romanian Government OKs Hidroelectrica, Nuclearelectrica IPOs
The Romanian government Wednesday approved selling stakes of 10% in power producers Hidroelectrica and Nuclearelectrica, as per an agreement with the International Monetary Fund.
Leu Down Vs Euro, Exchange Rate At 4.3497
Romania’s leu edged lower against the euro by midday Wednesday, unlike its peers in the region, and the central bank’s reference weakened 0.5% to 4.3497 units, from 4.327 units a day earlier...