Capital Market
SIF Moldova Sells BCR Stake To Erste
Romanian regional investment fund SIF Moldova (SIF2.RO) has concluded a binding agreement to sell the 6% it owns in lender Banca Comerciala Romana (BCR) to Erste Group Bank (EBS.RO), the lat...
Bucharest Stocks Open Undecided, On Reduced Interest
The Bucharest bourse opened almost flat Wednesday, on extremely low interest, with the only spark coming from a large transaction in investment fund Fondul Proprietatea (FP.RO) on the deal m...
MPs' Disinterest In The Bill Raising SIF Cap Angers Investors
Deputies once again put off discussing the raising of the SIF holding cap in Tuesday’s plenary session of the Chamber of Deputies. The news was received with great disappointment by investor...
Bucharest Stocks Close Up, But SIFs Plunge
The Bucharest bourse closed Tuesday with a modest increase, on low traded values, but the five regional investment funds, or SIFs, dropped 3.5% on average after the Chmaber of Deputies postp...
Leu Ends Higher Vs Euro On Rising Volumes
Romania’s leu traded near 4.35 per euro in late session Tuesday and closed 0.3% stronger on the day, amid higher volumes.
Romania Plans To Sell RON4.5B Treasuries In December
Romania’s Finance Ministry plans to sell state paper worth 4.5 billion lei (EUR1.03 billion) in December, up from RON3.93 billion sold a month earlier, ministry data showed Tuesday.
Leu Widens Gains Vs Euro, Exchange Rate At 4.3498
Romania’s leu extended early gains versus the euro by midday Tuesday, amid higher volumes, and the central bank’s reference won 0.2% to 4.3498 units, from 4.3587 units a day earlier.
Romanian Prospectiuni Inks Exploration Deal For Seven Blocks In Senegal
Prospectiuni (PRSN.RO), a company owned by Romanian businessman Ovidiu Tender, obtained prospecting permits from the Senegal government for seven blocks, seeking gold, heavy metals and rare...
Bucharest Bourse Opens Down, Another Concefa Stake Sold On Deal Market
The Bucharest bourse opened down Tuesday, on low main market activity, while the deal market saw a transaction worth 6.45 million lei (EUR1.48 million) in constructor Concefa (COFI.RO).