Capital Market
Romanian Parliament Raises SIF Ownership Cap To 5%
Romanian lawmakers on Thursday approved a decision to increase the maximum ownership limit in the five regional investment funds, or SIFs, from 1% to 5%.
Leu Opens Weaker Vs Euro, In Line With Region
The Romanian leu opened Thursday slightly weaker against the euro, on reduced activity, while other currencies in the region were seeing similar developments.
Romania Has Big Listing Plans For 2012
The government has scheduled to sell 15% in Transelectrica (TEL.RO), Transgaz (TGN.RO) and Romgaz by mid 2012. Hidroelectrica and Nuclearelectrica should follow in the fall.
Proprietatea Fund Loses Lawsuit Against Romarm
Romanian investment fund Fondul Proprietatea (FP.RO) has lost a court action against military defense contractor Romarm requesting the registration of ownership right over approximately 3 mi...
Leu Ends Slightly Higher Vs Euro
Romania’s leu lost part of its early gains versus the euro in late trade Wednesday, mirroring the currencies in the region, and closed slightly stronger on the day at 4.344/4.346 units.
Bucharest Stocks Close Down, Eyes On Financials
The Bucharest bourse closed Wednesday in the red, on low traded volumes, while investos focused mainly on financial stocks.
Avioane Craiova Inks $1.7M Deal With Israeli Elbit Systems
Romanian state-owned plane maker Avioane Craiova (AVIO.RO) concluded a $1.7 million contract with Israeli Elbit System for the delivery of telecom systems for aircraft.
Romania May Launch Transelectrica Public Offering End-February
The public offering whereby the government plans to sell a 15% stake in power grid operator Transelectrica (TEL.RO) will be launched at the end of February, a government official said Wednes...
Leu Up Vs Euro, Exchange Rate At 4.3415
Romania’s leu traded near 4.34 per euro by midday Wednesday and the central bank’s reference strengthened almost 0.2% to 4.3415 units, from 4.3497 units a day earlier.