Capital Market
Oltchim Maintains Furlough For 1,000 Employees
Romanian chemical company Oltchim (OLT.RO) will maintain 993 employees on furlough in January 2012, continuing a measure taken over the past five months for lack of raw materials and working...
Bucharest Stocks Close Down, SIFs Dive
The Bucharest bourse closed down Tuesday, on moderate traded values, while the five regional investment funds, or SIFs, dropped by more than 3% on average.
Leu Reverses Gains Vs Euro, Ends Slightly Weaker
Romania’s leu lost modestly against the euro in late trade Tuesday and closed at 4.316/4.317 units, from 4.312/4.3145 units a day earlier.
Leu Exchange Rate Firms To New 2-Month High Of 4.3125 Vs Euro
Romania’s leu lost its earlier gains versus the euro by midday Tuesday, but the central bank’s reference strengthened slightly to 4.3125 units, a new record high in the past two months.
Bucharest Stocks Open Down On Negative Sentiment
Bucharest shares opened lower Tuesday, tracking international stocks amid renewed concern about the euro zone crisis after the European Central Bank indicated it wouldn’t take a more aggress...
Leu Gains Vs Euro In Early Trade
Romania’s leu opened up versus the euro Tuesday, with dealers suspecting lenders have started to sell euros from loan loss provisions as the banking system prepares to transition to the inte...
Leu Firms Vs Euro On Higher Workers’ Remittances
The leu advanced against the euro Monday and closed over 0.5% stronger on the day at 4.312/4.3145 units, supported by rising remittances from Romanians who work abroad.
Bucharest Stocks Close Nearly Flat, SIFs Fall
The Bucharest bourse closed Monday roughly flat on the day, on moderate traded values, while the five regional investment funds, or SIFs, dropped by more than 2% on average.
Romania Sells RON1.7B 1-Year T-Bills At 6.55% Average Yield
Romania’s Finance Ministry on Monday sold 1.71 billion lei (EUR397 million) in one-year treasury bills, above the planned amount, at an average yield of 6.55% a year, lower than at the previ...