Capital Market
Leu Closes Flat Vs Euro After Nervous Trade
Romanian leu traded near 4.36 per euro in late session Thursday and closed flat on the day at 4.3635/4.3645 per euro, at the end of an agitated day during which the central bank is believed...
Romania Sells RON297M 3-Year Bonds At 7.48% Average Yield
Romania’s Finance Ministry on Thursday sold 296.5 million lei (EUR68 million) in three-year bonds, slightly below the planned amount, at an average yield of 7.48% a year.
Leu Recoups Vs Euro, Exchange Rate Flat At 4.3564
Romania’s leu recovered early losses versus the euro by midday Thursday, while the national currency’s reference hardly moved on the day at 4.3564 units, after a suspected intervention from...
Bucharest Stocks Open Up, SIFs Stay Popular
The Bucharest bourse opened Thursday with a slight increase, on higher traded values, as players are still scrambling to buy and sell into the five regional investment funds, or SIFs.
Leu Opens Lower Vs Euro, Weakens Early
The leu opened Thursday slightly weaker against the euro and it continued to weaken within the first hour, as players bought euro and dealers expected the central bank to intervene once agai...
Pharmaceutical Companies Lose Their Shine On The Stock Exchange. Profits Down In 3Q
The five stock-exchange listed companies in the pharmaceutical sector recorded profit declines in the third quarter. The three drug manufacturers, Antibiotice, Zentiva and Biofarm, also saw...
BRD Buys Back RON735M Bonds And Prepares EMTN
BRD-Societe Generale (BRD.RO), the second-largest bank on the local market, will on December 12 buy back RON735 million worth of bonds issued five years ago at a fixed interest rate of 7.75%...
Chimcomplex To Invest EUR22M In New Power Unit
Romanian chemical plant Chimcomplex Borzesti (CHOB.RO) plans to invest up to EUR22 million in a new thermal power unit, the company said in a statement Wednesday.
Dairy Maker Prodlacta Posts Wider 9-Month Loss At RON3.6M
Romanian dairy maker Prodlacta Brasov (PRAE.RO) Wednesday said its loss widened 24% on the year to 3.6 million lei (EUR0.82 million) in the first nine months, on lower sales.