Capital Market
Romania To Sell 15% In Romgaz By End-June 2012
The Romanian Economy Ministry will sell a 15% stake in natural gas producer Romgaz by end-June 2012, according to the government’s latest letter of intent to a EUR3.5 billion loan agreement...
Alpha Bank, Raiffeisen Extend Credit Granted To Romanian Titan
Lenders Alpha Bank and Raiffeisen Bank Romania extended two credit facilities worth 25 million lei (EUR5.76 million) and EUR18 million respectively, contracted by bread maker and miller Tita...
Leu Exchange Rate Hits New 5-Week High Of 4.3397 Vs Euro
Romania’s leu advanced against the euro by midday Friday and the central bank’s reference strengthened to 4.3397 units, a fresh record high in the past five weeks.
Romanian Leu Opens Weaker Vs Euro, In Line With Peers
The Romanian leu opened weaker against the euro Friday, on low traded volumes, following the trend of the other currencies in the region.
Bucharest Stocks Open Down, On Low Traded Values
The Bucharest bourse opened Friday on a downward trend, on very low volumes, with investors trading mainly financial stocks.
Rompetrol Well Services Inks $800,000 Deals In Hungary, Bulgaria
Rompetrol Well Services (PTR.RO), a unit of Romania’s second biggest oil group Rompetrol, has signed a series of well services deals worth over $800,000 in Hungary and Bulgaria, the company...
Bucharest Stocks Close Flat, Investors Stay Passive
The Bucharest bourse closed Thursday on an undecided trend, on low traded volumes, while activity remained low in the market as half of the overall traded value came from the special deals.
Leu Ends Higher Vs Euro, Attuned To Region
Romania’s leu strengthened modestly against the euro Thursday, tracking the currencies in the region, as investors are cautiously optimistic after the European Central Bank announced new mea...
Oltchim Board To Discuss Rebound Solutions With PCC
The management of Romanian refinery Oltchim (OLT.RO) has agreed to meet with German minority shareholder PCC SE and discuss the latter’s proposed alternatives to mend the company’s financial...