Capital Market
Fondul Proprietatea Moves Into The Hands Of Large Private Investors
The shareholders of regional investment fund Fondul Proprietatea (FP.RO) Wednesday eliminated the voting restrictions in place up to now, in the last step towards large private investors tak...
SSIF Broker Reconsiders Firing Of General Manager
The Board of Romanian brokerage house SSIF Broker Cluj (BRK.RO) reconsidered a decision to dismiss general manager Grigore Chis, less than one month after his suspension.
Proprietatea Fund: Bucharest Bourse Regulator Not Keen On Secondary Listing
Romania’s securities commission CNVM is not very keen on the idea that investment fund Fondul Proprietatea (FP.RO) might be listed on a foreign stock exchange, because it fears the move woul...
Leu Moves Higher Vs Euro, Unlike Neighbors
Romania’s leu edged higher against the euro in late trade Wednesday, amid average volumes, with dealers suspecting yet another intervention in the market from the central bank to support the...
Bucharest Stocks Close Down, On Lackluster Trading
The Bucharest bourse closed Wednesday with a decline, on low traded volumes, while the bulk of activity focused on the shares of investment funds and those of lenders.
Leu Recoups Vs Euro, Exchange Rate At 4.3577
Romania’s leu recovered early losses against the euro by midday Wednesday and the central bank’s reference strengthened slightly to 4.3577 units, from 4.3588 units a day earlier.
Bucharest Stocks Open Down, Eyes On Financials
The Bucharest bourse opened Wednesday with a decline, on low traded volumes, while the bulk of activity was focusing on the main investment funds and on lenders.
Leu Opens Weaker Vs Euro, Amid Market Apathy
The leu opened Wednesday slightly weaker against the euro, in a quiet market with low traded volumes.
OMV Petrom Contracts EUR930M Syndicated Loan
Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for ge...