Capital Market
Oltchim Maintains Furlough Throughout December
Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) will keep some 1,000 employees on furlough in December as well, for the fifth consecutive month of furlough, because of raw material...
Mark Mobius: Printing Money Only Puts Off Worldwide Crash, Doesn’t Prevent It
Capitalism isn’t working because governments are saving greedy banks at the expense of taxpayers, says Mark Mobius, executive chairman of Templeton Asset Management.
Bucharest Bourse Holders To Discuss Board Replacement January 9
The shareholders of the Bucharest Stock Exchange will meet January 9 to discuss the dismissals of the acting board members, market participants told Mediafax Thursday.
Leu Dips Vs Euro In Thin Trade
Romania’s leu weakened slightly against the euro Thursday and closed at 4.356/4.357 units, amid a quiet market and low volumes.
Bucharest Stocks Close Down, On Endgame Slump
The Bucharest bourse closed down Thursday, on low traded volumes, after staying afloat throughout most of the session and declining in the final minutes of trading.
Leu Gains Vs Euro, Exchange Rate At 4.3525
Romania’s leu gained modestly against the euro by midday Thursday, amid low volumes, and the central bank’s reference strengthened 0.12% to 4.3425 units, from 4.3577 units a day earlier.
Leu Up Vs Euro In Early Trade, After Opening Weaker
The Romanian leu opened slightly down against the euro Thursday, but soon reverted the trend and stayed around 4.35 units in the first hour of trading, while the transferred volumes were low...
Bucharest Stocks Up In Quiet Early Trade
The Bucharest bourse opened Thursday with an increase, on low traded values, with investors focusing mainly on the shares of Fondul Proprietatea (FP.RO) and the five regional investment fund...
How Much Money Private Pension Funds Have Made Over The Past Year
Mandatory private pension funds have narrowly escaped the severe corrections recorded on the stock exchanges under the impact of the sovereign debt crisis and posted yields of up to 5.7% ove...