Capital Market
Superfunds Hit Asset Value Ceiling
The largest mutual funds on the Romanian market, with assets of over one billion lei, also called superfunds, have not made much progress this year, recording modest asset evolutions after r...
Leu Closes Flat Vs Euro On Low Volumes
Romania’s leu traded in tight ranges against the euro in an uneventful session Tuesday and closed flat on the day at 4.3505/4.3535 units, amid very low volumes.
Banca Carpatica Appoints New Board Member
The shareholders of Romanian lender Banca Carpatica (BCC.RO) on Tuesday appointed Silviu Popa as member of the Supervisory Board, replacing Emilia-Elena Uca, who resigned in May.
Bucharest Stocks Close Down, On Activity Slump
The Bucharest bourse closed down Tuesday, on very low traded values, while the five regional investment funds, or SIFs, dove almost 4%.
Leu In Ranges Vs Euro, Exchange Rate At 4.3534
Romania’s leu traded in ranges against the euro by midday Tuesday and the central bank’s reference weakened modestly to 4.3534 units, from 4.353 units a day earlier.
Bucharest Stocks Open Lower On Negative Sentiment
Bucharest shares opened lower Tuesday, tracking international stocks, which traded down following Standard & Poor’s warning that it could cut its ratings on 15 out of 17 euro-zone nations be...
Leu Dips Vs Euro In Early Trade, Follows Neighbors
Romania’s leu moved slightly lower against the euro Tuesday morning, tracking the currencies in the region, after Standard & Poor's put the ratings of 15 euro-zone states on negative watch a...
Only 11 Out Of The 100 Most Valuable Companies Are Listed
The overall value of stock-exchange listed companies fell by EUR7.8 billion since the beginning of the year, despite the listing of investment fund Fondul Proprietatea (FP.RO) in January thi...
Three Investment Funds Managed By Mark Mobius Own $178M Worth Of Romanian Bonds
Three of the investment funds managed by Mark Mobius own Romanian government securities worth $178 million. The funds’ net assets stand at about $10 billion together.