Capital Market
Leu Opens Flat Vs Euro, On Low Trading
The Romanian leu opened roughly flat against the euro Tuesday, on little activity, as local investors sell euro and foreigners buy it.
SIF Oltenia Stalls Sale Of BCR Stake: We Have All The Time In The World
Romanian regional investment fund SIF Oltenia (SIF5.RO), the only one of the five SIFs which has yet to sign the contract to sell its shares in BCR to Austria’s Erste Group Bank (EBS.RO), sa...
Romania Walks A Tight Rope Amid Riots
The modicum of stability and good image that Romania boasts in investors’ eyes, which it strove hard to achieve through tough austerity measures and by being the IMF’s diligent student, coul...
Electroarges Increases Capital By RON9.3M
Romanian home appliance manufacturer Electroarges Curtea de Arges (ELGS.RO) approved a 9.3 million lei (EUR2.14 million) capital increase to RON15.5 million to finance investments, the compa...
Romanian Leu, Stocks Unfazed After Street Protests, May Falter If Things Escalate
Violent protests that left 59 Romanians injured over the weekend had no effect on the local financial markets so far, but an escalation may lead to the government’s collapse and implicitly t...
Leu Recoups Vs Euro On Higher FX Sales
Romania’s leu returned to gains in late trade Monday and closed 0.3% stronger at 4.323/4.325 per euro, from 4.3365/4.338 per euro in the previous session.
Bucharest Stocks Close Undecided, Trading Value Falls
The Bucharest bourse closed Monday undecided, on low traded values, with investors focusing on the traditional liquidity drivers.
Romania Sells RON3.46B 1-Year T-Bills At 6.21% Average Yield
Romania’s Finance Ministry on Monday sold 3.46 billion lei (EUR797 million) in one-year treasury bills, more than double the planned amount, while the average yield fell slightly to 6.21% a...
Leu Weakens Vs Euro, Exchange Rate At 4.3347
Romania’s leu lost early gains versus the euro by midday Monday and the central bank’s reference weakened slightly to 4.3347 units, from 4.3322 units in the previous session.