Capital Market
Leu Exchange Rate Falls To 4.3627 Vs Euro
Romania’s leu traded near 4.365 per euro by midday Wednesday and the central bank’s reference weakened slightly to 4.3627 units, a new record low in the last 18 and a half months.
US Elliott Associates Holds 12.91% In Romania Proprietatea Fund
New York-based hedge fund Elliott Associates L.P., a unit of Elliott Management Corp, together with sister company Beresford, own an aggregate 12.91% in Romanian investment fund Fondul Propr...
Bucharest Stocks Down In Early Trade, On Extremely Low Interest
The Bucharest-listed stocks traded down after the first hour of Wednesday's session, but the transferred volumes were extremely reduced.
Leu Down Vs Euro In Early Trade
Romania’s leu edged lower against the euro Wednesday morning and traded above 4.36 per euro amid low volumes.
Bucharest Stocks Close Undecided, On Lackluster Trading
The Bucharest bourse closed undecided Tuesday, riddled with apathy, while the little action present focused on the main investment funds.
Leu Recovers Vs Euro, In Line With Neighbors
Romania’s leu recouped versus the euro in late trade Tuesday, tracking the neighboring currencies, and closed almost flat at 4.359/4.3605 units, from 4.3585/4.36 units a day earlier.
After Running Out Of Proprietatea Shares, Romania Seeks Ways To Compensate Former Owners
Over 40,000 former owners have been left stranded after the Romanian government ran out of Fondul Proprietatea (FP.RO) shares and don’t know how they will be compensated for being stripped o...
Leu Exchange Rate Hits 18 ½-Month Low Of 4.3625 Vs Euro
Romania’s leu recovered part of its early losses against the euro by midday Tuesday, but the central bank’s reference lost 0.2% on the day to 4.3625 units, the lowest rate in 18 and a half m...
Erste Cuts Romanian Proprietatea Fund Target Price To RON0.51/Share
Austria’s Erste Group Bank Tuesday cut by 29% to 0.51 lei (EUR0.117) a share its 12-month target price on Romanian investment fund Fondul Proprietatea (FP.RO), while keeping its recommendati...