Capital Market
Petrom May Book EUR100M In Additional Costs As A Result Of Legislative Changes
OMV Petrom (SNP.RO), the largest company in Romania, could be significantly affected by the changes of the Gas Law approved by the Chamber of Deputies on Thursday.
Significance Of SIF Stake Cap Raise
The Chamber of Deputies on Thursday voted to raise the SIF (regional investment funds) stake cap from 1% to 5%, but only the few thousand investors active on the Bucharest stock market know...
Proprietatea Fund Profit Rises To RON536M In November
Romanian investment fund Fondul Proprietatea Thursday said its net profit inched up 0.5% to 536 million lei (EUR123.4 million) in November, from RON533.4 million a month earlier.
SIFs Ease Gains By Closing Bell, Keep Bucharest Bourse In Green
The Bucharest bourse closed Thursday with a solid increase, on high traded values, encouraged by positive news regarding an increase in the maximum ownership limit for the five regional inve...
SIF Moldova Trades BCR Stake For 1% In Erste
Regional investment fund SIF Moldova (SIF2.RO) received a 1% stake in Erste Group Bank (EBS.RO) in exchange for a 4.74% stake in BCR, thus becoming the second SIF to leave the Romanian bank'...
Leu Closes Higher Vs Euro, In Line With Neighbors
Romania’s leu edged higher against the euro in late trade Thursday, tracking the currencies in the region, and closed modestly stronger on the day, amid average volumes.
Leu Stable Vs Euro, Exchange Rate At 4.3422
Romania’s leu traded in tight ranges against the euro by midday Thursday and the central bank’s reference weakened modestly to 4.3422 units, from 4.3415 units a day earlier.
SIFs Jump 15% After Long Awaited Parliament Decision
Romania's five regional investment funds, or SIFs, skyrocketed as soon as they were back to trading on the Bucharest bourse, after the Parliament raised the maximum ownership limit in the fu...
SIFs Resume Trading In Bucharest After Ownership Limit Is Raised
The Bucharest bourse lifted the suspension of the five regional investment funds (SIFs) after the Parliament voted in favor of raising the maximum ownership limit to 5%.