Capital Market
Leu Moves Higher Vs Euro On Growing Volumes
Romania’s leu advanced against the euro in late trade Friday and closed slightly stronger on the day amid raising volumes.
Bucharest Bourse Closes Down, Financial Stocks In Focus
The Bucharest bourse closed Friday below par, on lower traded values, with investors aiming mainly the shares of banks and investment funds.
SIFs Profits, Assets Boosted In November By BCR Stake Sales
The transactions whereby Austrian Erste Group Bank (EBD.RO) bought the BCR stakes owned by the five Romanian regional investment funds, or SIFs, brought an increase in the assets and profits...
Romcarbon Partners With Global Finance To Develop Recycling Activity At Three Firms
Romanian plastic systems maker Romcarbon Buzau (ROCE.RO) plans to draw capital for the development of activity at three firms where it holds stock in association with investment fund South E...
Romania Signs Brokerage Deal For Tarom IPO
The Romanian Transport Ministry has signed an agreement with brokerage houses Carpatica Invest and Swiss Capital for the sale of a 20% stake in state-run airline Tarom, the ministry said in...
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.3409
Romania’s leu traded near 4.34 per euro by midday Friday and the central bank’s reference gained modestly to 4.3409 units, from 4.3422 units a day earlier.
BCR’s Lucian Anghel Runs For Bucharest Bourse Board Chairman
Romanian bank Banca Comerciala Romana (BCR) has nominated its chief economist and strategy manager, Lucian Anghel, for the position of Board Chairman of the Bucharest Stock Exchange.
Bucharest Stocks Open Undecided, On Low Trading
The Bucharest bourse opened Friday with an oscillating trend, on low traded volumes, while players were focusing on the main investment funds.
Leu Opens Roughly Flat Vs Euro, On Low Volumes
The leu opened Friday nearly flat against the euro, but it soon started to strengthen, helped by euro sale orders.