Capital Market
Mecanica Ceahlau 2011 Net Profit Triples To RON7.3M
Romanian agricultural machinery producer Mecanica Ceahlau (MECF.RO) Friday said its net profit more than tripled to 7.27 million lei (EUR1.7 million) in 2011, fueled by higher sales, accordi...
Bucharest Stocks Close Undecided After Quiet Trading
The Bucharest bourse closed Thursday with an oscillating trend, on low traded values and activity still focused on financial stocks.
Leu Strengthens Vs Euro Amid Falling Volumes
Romania’s leu advanced against the euro in late trade Thursday and closed 0.2% stronger on the day at 4.295/4.297 units, amid slightly lower volumes.
Romania Sells RON405M 10-Year Bonds At 7.25% Average Yield
Romania’s Finance Ministry on Thursday sold 405 million lei (EUR94.16 million) in 10-year treasury bonds, above the planned amount, while the average yield fell to 7.25% a year.
Court Decision Voids Franklin Templeton Role As Proprietatea Fund Manager
The Bucharest court decided to cancel a shareholder decision from September 2010, which amended the statute of investment fund Fondul Proprietatea (FP.RO) and enabled the appointment of Frna...
Leu Exchange Rate Hits New 2-1/2 Month High Of 4.3011 Vs Euro
Romania’s leu traded in tight ranges against the euro by midday Thursday and the central bank’s reference strengthened to 4.3011 units, a new record high since end-September.
Banca Transilvania To Buy Back 0.67% Stake For Loyalty Program
Romanian lender Banca Transilvania (TLV.RO) plans to buy back 0.67% of its shares in the first half of 2012, for an estimated 10.32 million lei (EUR2.4 million), under an employee loyalty pr...
Bucharest Stocks Open Undecided, On Low Activity
The Bucharest bourse opened Thursday with an oscillating trend, on very low traded volumes.
Leu Opens Flat Vs Euro
The leu opened flat against the euro Thursday, on low traded volumes.