Capital Market
Azomures Net Profit Soars To RON288M In First 9 Months
Romanian chemical fertilizer maker Azomures (AZO.RO) Wednesday said its net profit more than tripled on the year to 288.2 million lei (EUR66.1 million) in the first nine months, fueled by a...
Boromir Prod Buzau Sales Rise 24% To RON111M In Jan-Sep
Romanian milling and bakery company Boromir Prod Buzau (SPCU.RO) Wednesday said its sales rose 24% to 110.82 million lei (EUR25.4 million) in the first nine months, from RON89.3 million a ye...
Leu Slides Vs Euro Amid Low Volumes
Romania’s leu weakened against the euro Wednesday, amid low volumes, and closed 0.3% lower at 4.364/4.366 units, from 4.3515/4.3545 units a day earlier.
Bucharest Stocks Close Almost Flat, SIFs Extend Gains
The Bucharest bourse closed Wednesday roughly flat, on improved traded values, but the five regional investment funds, or SIFs, continued previous session's rally.
NEPI Joins Two Firms To Build Mall In N Bucharest
South-African investment fund New Europe Property Investments, or NEPI, associated with Benevo Capital and CD Capital in view of developing the Victoria City Center in northern Bucharest.
SIFs' Asset Value Drops 5% In October To RON6.17B
The net asset value of the five Romanian regional investment funds, or SIFs, dropped 5% in the month and were down 11% since the beginning of the year, to 6.173 billion lei (EUR1.416 billion...
Leu Down Vs Euro, Exchange Rate Hits 2-Week Low Of 4.3565
Romania’s leu retreated against the euro by midday Wednesday and the central bank’s reference lost almost 0.2% on the day to 4.3565 units, the lowest rate in two weeks.
Transgaz SPO Brokerage Auction Takes Bids Until Dec 8
Romania’s Economy Ministry on Wednesday announced that bids will be accepted until December 8 on the brokerage of the operation where an additional 15% stake in Transgaz (TGN.RO) will be lis...
Competition Council Probes OMV Petrom's Withdrawal Of Gasoline Product
Romanian antitrust authorities are investigating oil and gas group OMV Petrom (SNP.RO) for alleged breaches of competition regulations regarding the company's withdrawal of Eco Premium gasol...