Capital Market
IN FOCUS: Bad Year For Bucharest Bourse, Recovery Might Be Distant
The Bucharest bourse returned this year to the level seen in the final quarter of 2009, once again influenced by foreign markets, but brokers expect a comeback in the second half of 2012, as...
Leu Falls Vs Major Currencies In Last Trading Day Of 2011, Exchange Rate At 4.3197 Vs Euro
The Romanian leu fell against the euro Friday, in the last trading day of 2011, and the central bank set the reference rate at 4.3197 units, 0.5% weaker on the day.
Bucharest Stocks Open Flat, In Quiet Market
The Bucharest bourse opened Friday with a barely noticeably decrease, on low traded volumes, while investors were focusing on the traditional liquidity drivers.
Leu Opens Flat Vs Euro, Amid Market Apathy
The leu opened Friday roughly flat on the day, in a quiet market with low traded volumes, as everyone prepares for the new year.
Most “Inexpensive” Stocks On Bucharest Bourse
The start of the year is a time when investors usually arrange their portfolios, trying to find and buy those stocks that are best positioned for growth over that year.
Leu Ends Weaker Vs Euro, On Renewed Crisis Fears
The Romanian leu closed Thursday on a moderate weakening trend against the euro, in line with other currencies in the region, as markets show renewed fears amid the euro crisis.
Bucharest Stocks Close Up, On Very Low Activity
The Bucharest bourse closed Thursday with a moderate increase, on very low traded values, with the few active investors focusing on the main investment funds.
Alro Ups 2011 Net Profit Forecast To $76M
Romanian aluminum maker Alro Slatina (ALR.RO) revised its budget for 2011 as it now expects a net profit of $76 million, up 19% from the initially seen $64 million, despite buying electricit...
Leu Slides Vs Euro, Exchange Rate At 4.298
The Romanian leu fell against the euro in the first part of Thursday session, following the regional trend, and the central bank set the the reference rate at 4.298 units, 0.25% weaker on th...