Capital Market
SIF Moldova To Sell Entire BCR Stake To Erste This Year
Regional investment fund SIF Moldova (SIF2.RO) will transfer its remaining 4.74% stake in BCR to Austrian group Erste, receiving a 1% Erste stake in exchange.
Economy Ministry Selects Adviser For Oltchim Privatization
The Economy Ministry on Monday announced that it has selected PricewaterhouseCoopers as advisers for the preparation and unfolding of privation at chemical plant Oltchim (OLT.RO).
SIF Transilvania Sells Entire BCR Stake To Erste
Regional investment fund SIF Transilvania (SIF3.RO) transferred the entire 6% stake it held in Romanian lender BCR to Austria's Erste Group Bank (EBS.RO), and received a 1% stake in the Aust...
Leu Weakens Vs Euro In Thin Trading
Romania’s leu retreated against the euro in late trade Monday, in line with the currencies in the region, and closed weaker on the day, amid scarce volumes.
Bucharest Stocks Close Down, On Timid Trading
The Bucharest bourse closed Monday on a downward trend, on very low traded values, with the bulk of activity focusing on the main investment funds.
Romanian Open-End Fund Assets Up 0.1% In November, To RON6.9B
The assets of local open-end investment funds inched up 0.1% in November, to 6.898 billion lei (EUR1.59 billion), and clients withdrew a total RON30.1 million (EUR6.9 million) from these fun...
Romania Sells RON1.42B 11-Month T-Bills At 6.6% Average Yield
Romania’s Finance Ministry on Monday sold 1.42 billion lei (EUR327 million) in 11-month treasury bills, above the planned amount, at an average yield of 6.6% a year.
Leu Loses Edge Vs Euro, Exchange Rate At 4.3409
Romania’s leu lost early gains versus the euro by midday Monday and the central bank’s reference weakened slightly to 4.3409 units, from 4.3397 units in the previous session.
Dairy Maker Prodlacta Brasov Enters Insolvency
Romanian dairy maker Prodlacta Brasov (PRAE.RO) has entered into insolvency proceedings after a local court approved in November the request filed by the company’s legal administrators.