Capital Market
Bucharest Stocks Close Down, SIFs Dive 5%
The Bucharest bourse closed Tuesday on a downward trend, and the five regional investment funds, or SIFs, slumped amid news that the planned stake cap talks in Parliament were postponed agai...
Leu Closes Slightly Higher Vs Euro In Quiet Market
Romania’s leu edged higher against the euro Tuesday and closed at 4.3585/4.361 units, amid low volumes.
Hidroelectrica IPO Depends On Market Conditions - GM
Romanian state-run hydropower generator Hidroelectrica could be floated on the Bucharest stock exchange in three to six months, once the technical details of the offering are completed, but...
SIF Shares Fall In Bucharest, As MPs Postpone Ownership Cap Talks
The shares of the five Romanian regional investment funds (SIFs) fell abruptly in Bucharest after the Chmaber of Deputies postponed once again the debate on raising the ownership limit in th...
Romanian Leu In Ranges Vs Euro, Exchange Rate At 4.3588
The Romanian leu traded just shy of 4.36 per euro in mid-session Tuesday and the central bank’s reference strengthened modestly to 4.3588 units, from a 17-month low of 4.3608 units a day ear...
Bucharest Stocks Undecided In Early Trade, Azomures Soars
The Bucharest bourse opened Tuesday with a moderate increase, on low traded values, but it soon turned negative, while investors were mainly focusing on financials and chemical company Azomu...
Leu Strengthens Versus Euro In Early Trade, In Line With Region
The leu opened Tuesday nearly flat against the euro, but it soon started to strengthen, in line with other currencies in the region.
Consequences Of Romania’s Failure To Borrow Money From The US Market
The pressure on leu interests will go up again and the government will remain trapped in short-term funding on the local market. In a worst case scenario, Romania might end up borrowing mone...
Ropharma Borrows EUR2M To Finance Investments
Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) will borrow up to EUR2 million from ING Bank to finance investments, the company said in a statement Monday.