Capital Market
State-Owned Stake In Fondul Proprietatea Narrows To 4.19%
The Finance Ministry transferred in November a total 1.74% stake in investment fund Fondul Proprietatea (FP.RO), as compensation, which narrowed the ministry's stake in the fund to 4.19%.
PwC Audit To Advise Shareholders In Romtelecom Listing
PricewaterhouseCoopers Audit will supply the Communications Ministry with technical, economic and legal expertise in the evaluation of shareholder options on the listing of telephony operato...
Leu Strengthens Vs Euro On Higher Volumes
Romania’s leu advanced versus the euro in late trade Wednesday and closed 0.15% stronger on the day, amid raising volumes.
Bucharest Stocks Close Undecided, Trading Stays Low
The Bucharest bourse closed Wednesday roughly flat on the day, on low traded volumes, while investors focused mainly on financial stocks.
Romania To Sell 10% In Hidroelectrica By November 2012
Romania’s planned initial public offering of a 10% stake in state-run hydropower generator Hidroelectrica will be concluded by end-October 2012, according to the country’s latest letter of i...
Leu Stays In Ranges Vs Euro, Exchange Rate At 4.3505
Romania’s leu traded near 4.35 per euro by midday Wednesday and the central bank’s reference strengthened modestly to 4.3505 units, from 4.3534 units a day earlier.
S&P Downgrades Transgaz To 'BB+'; Outlook Stable
Standard & Poor's Ratings Services on Wednesday said it lowered its local currency long-term corporate credit rating on Romanian natural gas transmission operator Transgaz Medias (TGN.RO) to...
Bucharest Stocks Open Up On Positive Sentiment
Bucharest shares opened slightly higher Wednesday, in line with the international markets as investors are optimistic the European leaders will present new measures to jump-start economic re...
Leu Slightly Lower Vs Euro In Early Trade
Romania’s leu opened slightly lower against the euro Wednesday and traded in narrow ranges in the first part of the session, amid a quiet market.