Capital Market
Electrica Threatens Blackout At Oltchim, Over Unpaid Bills
Romanian state-owned electricity supplier Electrica reduced volumes delivered to chemical company Oltchim (OLT.RO), because of a debt worth more than EUR100 million, and it is summoning the...
Banking Giants Bid To Broker Romanian Romgaz IPO
Three consortia including large financial groups - JP Morgan, Goldman Sachs and Citibank - as well as local brokerage firms, Monday filed bids to broker the listing of gas producer Romgaz, R...
Leu Opens Up Vs Euro, Peers Lose Ground
The Romanian leu was slightly stronger versus the euro in early trade Monday, in contrast with other currencies in the region, but transferred volumes were low.
Bucharest Stocks Open Down, Eyes On SIFs
The Bucharest bourse opened Monday in the red, on moderate traded values, with investors targeting mostly the shares of the main investment funds.
Investors Placed Half As Much Money In Mutual Funds In 2011
Investors placed 993 million lei (EUR229 million) in mutual funds last year, with the bulk of the amount being placed in money market funds and in bond funds, which invest in government bond...
Romania's Financing Costs May Increase After S&P Cut Euro Zone Ratings
An increase in euro financing costs and a higher leu/euro exchange rate volatility could be the first effects of rating agency Standard & Poor’s (S&P) decision to downgrade nine euro zone co...
SIF Transilvania, SIF Moldova 2011 Profits Hit Record After Erste Deal
Romanian regional investment funds SIF Transilvania (SIF3.RO) and SIF Moldova (SIF2.RO) posted record net profit in 2011, after they sold their shares in lender Banca Comerciala Romana (BCR)...
Open-End Fund Assets Up 23% To RON6.78B In 2011
The combined net assets of Romanian open-end investment funds rose 23% to 6.78 billion lei (EUR1.57 billion) in 2011, from RON5.48 billion a year earlier, the Romanian Association of Asset M...
Fondul Proprietatea Net Profit Rises To RON543.8M In 2011
Romanian investment fund Fondul Proprietatea (FP.RO) Friday said its net profit rose 19.2% to 543.82 million lei (EUR125.5 million) in 2011, from RON456.18 million a year earlier.